This small-cap green Energy Stock is in focus after forming an agreement with a leading renewable energy company for O&M of a 675 Megawatt-peak Solar projects
Share Price Movement
With a market capitalization of Rs. 5,221 Crore, the stock of Inox Green Energy Services opened at Rs. 143, around the same level as yesterday’s close, and after opening, it made a high of Rs. 144, up 0.73 percent. Additionally, the past 1-year return for the Stock is – 2 percent.
Update from the Company
The company has signed an agreement for O&M (Operations & Maintenance ) of 675 MWp of solar projects for one of India’s leading renewable energy companies. This agreement will mark Inox Green’s entry into the solar O&M Operations & Maintenance segment, which also complements the INOXGFL group’s latest venture into solar manufacturing, which has completed its presence across the entire Renewable energy ecosystem.
Also read: Goldman Sachs backed stock crashes after reporting disappointing Q4 result with 56% fall in net profit
Financial Highlights
The company reported a 1.95 percent YoY increase in revenue from Rs. 59.96 Crore in Q3FY24 to Rs. 61.13 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 10.78 percent in revenue from Rs. 55.18 Crore in the previous quarter.
Their Net loss saw a turnaround from a -1.35 Crore loss in the December quarter of FY24 to a Net profit of 5.19 Crores in the December quarter of FY25. On a QoQ basis, the company reported a decrease of 2 percent in Net profit from 6.06 Crore to 5.19 Crore.
About the Company
Inox Green Energy Services Limited (IGESL) is an Indian company primarily engaged in providing operation and maintenance (O&M) services for wind energy projects. It is part of the larger INOXGFL Group
The group has diversified interests across renewables, chemicals, and fluoropolymers. Inox Green was originally spun off from Inox Wind to create a focused platform for servicing and maintaining renewable energy assets.
Written By Abhishek Das
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
