A leading renewable energy services provider known for sustainable solutions has secured agreements to manage 285 MWp of solar assets, expanding its portfolio to ~1 GW within a month of entering the segment. This article explores its rapid organic expansion plans and the company’s aims in the solar operations and maintenance sector.
Inox Green Energy Services Limited’s stock, with a market capitalisation of Rs. 5,653 crores, rose to Rs. 157.94, up 4.6 percent from its previous closing price of Rs. 148.21. Furthermore, the stock over the past year has given a return of 11.3 percent.
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May 19, 2025: Inox Green Energy Services Ltd. has signed agreements to manage 285 MWp of solar projects for two top renewable energy companies. These projects span multiple sites across the country.
This marks a significant milestone for Inox Green, as its solar O&M portfolio has expanded to nearly 1 GW within just a month of entering the solar segment. Overall, the company now manages more than 4 GW of renewable energy assets across India.
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Management commentary
Mr. SK Mathu Sudhana, CEO of Inox Green, remarked, “We continue to rapidly add solar assets to our portfolio under O&M and we are delighted to announce that we have secured additional 285 MWp across multiple sites. As developers across India continue to add multi-gigawatt solar capacities every month, we believe that through our expertise, credentials and tailor-made solutions for solar project O&M, we are well placed grow rapidly in this segment.”
Recent Quarter Results:
In Q3FY25, the company reported revenue of Rs. 61.13 crore, reflecting a YoY growth of 2 percent from Rs. 59.96 crore in Q3FY24 and a QoQ growth of 10.8 percent from Rs. 55.18 crore in Q2FY25. Profit for the quarter stood at Rs. 5.19 crore, marking a turnaround from a loss of Rs. 1.35 crore in Q3FY24 but down 14.4 percent QoQ from Rs. 6.06 crore in Q2FY25. Over the past three years, the company has delivered a profit CAGR of 30 percent and sales CAGR of 9 percent, though ROE has declined at a CAGR of -6 percent.
Written By Fazal Ul Vahab C H
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