The Board of Directors of INOX GREEN ENERGY SERVICES LIMITED approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025, along with the Limited Review Reports. Additionally, the Board approved the re-appointment of Shri Mukesh Manglik as Whole-time Director for a further period of two years, effective May 19, 2026, subject to shareholder approval.
Approval of Quarterly and Nine-Month Financial Results
The Board of Directors convened on February 13, 2026, and formally approved the Unaudited Standalone and Consolidated Financial Results for the three months and nine months that concluded on December 31, 2025. These results are accompanied by the Limited Review Reports issued by the Statutory Auditors, M/s. Dewan P.N. Chopra & Co.
Key Standalone Financial Highlights (Q3 FY2026 vs. Q3 FY2025)
- Total Income from operations: Rose to ₹9,844 Lakh for the quarter ended 31-12-2025, up from ₹7,185 Lakh for the quarter ended 31-12-2024.
- Profit before tax: Stood at ₹3,458 Lakh for the quarter ended 31-12-2025, significantly higher than ₹1,722 Lakh recorded in the corresponding period last year.
- Profit after tax for the period: Reached ₹2,460 Lakh for the quarter, compared to ₹1,216 Lakh year-on-year.
- EBITDA: For the nine months ended 31-12-2025, EBITDA was ₹10,099 Lakh.
The Auditors drew attention to several Emphasis of Matter points in the standalone review, including invested funds in 6 SPVs and pending litigation matters with Court/Appellate Authorities.
Re-appointment of Whole-time Director
The Board gave its approval for the re-appointment of Shri Mukesh Manglik (DIN: 07001509) as a Whole-time Director of the Company. This re-appointment is for a subsequent term of two (2) years, effective from May 19, 2026, and is subject to shareholder ratification.
- Shri Manglik, aged 74 years, holds a Bachelor’s Degree in Electrical Engineering and possesses over four decades of experience, including two decades in the wind industry.
- He has been associated with the INOXGFL Group since 2008 and heads the Engineering and Product Development Department.
- He confirmed that he is not debarred from holding the office of a Director by any SEBI order.
The Board also approved seeking shareholder approval for this re-appointment via Postal Ballot.
Consolidated Performance Snapshot
The consolidated results indicate strong operational performance, particularly in the O&M segment. Total External Revenue for the nine months ended 31-12-2025 reached ₹22,386 Lakh.
- Consolidated Net Profit After Tax (Continuing Operations) for the nine months was ₹7,510 Lakh.
- The consolidated segment analysis showed the Operation & Maintenance segment contributing significantly to the overall results.
The Auditors noted that the consolidated results include the unaudited results of one subsidiary whose contribution to total revenue and profit after tax was deemed not material to the Group for the quarter ended December 31, 2025.
Source: BSE
