The Board of INOX Green Energy Services Limited approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. Key outcomes include the approval of financial results subject to Limited Review Reports. Furthermore, the Board approved the re-appointment of Shri Mukesh Manglik as Whole-time Director for a further two years, effective May 19, 2026, pending shareholder approval via Postal Ballot.
Financial Performance for Q3 FY26
The Board of Directors, following their meeting on February 13, 2026, officially approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ending December 31, 2025. These results were presented along with the Limited Review Reports issued by the Statutory Auditors, M/s. Dewan P.N. Chopra & Co.
Reviewing the Standalone Results (in Lakh):
- Total Income from operations for Q3 FY26 stood at ₹9,844 Lakh, compared to ₹7,185 Lakh in the previous year’s corresponding quarter.
- Profit/(Loss) After Tax for the quarter was ₹2,460 Lakh, up from ₹1,216 Lakh year-over-year.
- Total Comprehensive Income for the quarter reached ₹2,461 Lakh.
- Basic Earnings Per Share (Face value ₹10) for the quarter was ₹0.65 (Unaudited).
The Consolidated Financial Statements also reflected a Total Comprehensive Income for the period of ₹2,467 Lakh for the quarter ended December 31, 2025.
Segmental Results Overview (Consolidated)
The Group continues to report a single primary business segment: Operation & Maintenance (O&M), which includes Common Infrastructure Facilities. Other segments include Power Generation and Trading.
- Total External Revenue for Q3 FY26 was ₹8,179 Lakh.
- The Segment Result for O&M for Q3 FY26 was a loss of (₹447) Lakh.
- Net Profit After Tax from Continuing Operations for the quarter was ₹2,466 Lakh.
Re-appointment of Whole-time Director
The Board approved the re-appointment of Shri Mukesh Manglik (DIN: 07001509) as a Whole-time Director of the Company. This re-appointment is for a further period of 2 (two) years, commencing from May 19, 2026, succeeding the end of his current one-year term on May 18, 2026. This is subject to necessary shareholder approval, which the Board intends to seek via Postal Ballot.
Profile Highlights of Shri Manglik
Shri Manglik, aged 74 years, holds a Bachelor’s Degree in Electrical Engineering. He possesses over four decades of experience in power electronics and process controls, including two decades specifically in the wind industry, focusing on engineering, operations, and commissioning of wind turbine generators. He has been associated with the INOXGFL Group since 2008 and heads the Engineering and Product Development Department.
Other Important Disclosures
The auditors highlighted several Emphasis of Matter points:
- Attention was drawn to notes regarding invested funds in 6 SPVs and pending litigation matters with Court/Appellate Authorities.
- The company policy to recognize O&M revenue on a straight-line basis over the contract period was noted, with certain services billed amounting to ₹12,750 Lakh.
- The statement also referenced the pending evaluation of the impact of the Central Government’s consolidated New Labour Codes, notified effective November 21, 2025.
Furthermore, the Board approved seeking shareholder consent for the re-appointment of Shri Manglik through a Postal Ballot.
Source: BSE
