Market Performance

The momentum in INOX Green share price continued on Tuesday as the stock surged 5% to hit its upper circuit and a lifetime high of ₹225.40 in morning trade.

It opened strong at ₹218.05, compared to its previous close of ₹214.70, and within hours, locked at its upper limit — signaling sustained buying interest from investors.

This marks yet another session of consecutive gains, with the stock also hitting the upper circuit in the previous trading day.

In just two sessions, the stock has rallied over 10%, while in the past one month, INOX Green share price has soared more than 40%, becoming one of the strongest movers in the renewable energy segment.

Despite market volatility, the stock has maintained steady momentum, delivering nearly 28% year-to-date (YTD) returns — an impressive performance in the broader Indian stock market.

Main News

The surge in INOX Green’s share price reflects investor optimism around the company’s long-term growth story and its consistent operational performance.

INOX Green Energy Services, a key player in India’s wind energy operation and maintenance (O&M) segment, has demonstrated resilience and efficient execution in a competitive space.

The company’s stock has steadily climbed as it continues to strengthen its O&M footprint and streamline its business operations.

Company Financials at a Glance

INOX Green’s latest financial results highlight a stable revenue trajectory with steady operational progress, though profitability witnessed some contraction.

Key financial data (FY25 vs FY24):

• Revenue: ₹290.2 crore (up from ₹261.20 crore)
• EBITDA: ₹122.8 crore (down from ₹128.70 crore)
• EBITDA Margin: 52.14% (vs 57.39% last year)
• Profit After Tax (PAT): ₹21.86 crore (vs ₹27.67 crore)

The rise in revenue was driven by high operational uptime, efficient project execution, and additional value-added services introduced during the year.

However, a slight dip in profit and margins indicates the impact of depreciation and higher operational expenses, which the company aims to streamline through structural changes.

Strategic Business Developments

INOX Green has proposed a demerger of its power evacuation business, aiming to improve profitability and sharpen focus on its core O&M segment.

According to the company, this move is expected to remove depreciating assets from its balance sheet, allowing for stronger margins and leaner operations ahead.

Beyond this, the company is gradually expanding its presence within India’s renewable sector. Its parent group’s venture, Inox Solar, has already entered solar module manufacturing, a step that aligns with India’s push toward clean energy self-reliance.

Additionally, INOX Green has invested in a firm managing nearly 2 GW of O&M assets, further strengthening its footprint in the renewable energy maintenance market.

With these expansions, the company has set its sights on scaling up its portfolio to 17 GW over the next two years — signaling its intent to grow both organically and inorganically across India’s clean energy landscape.

Summary

In today’s stock market, INOX Green share price stands out as one of the strongest performers among renewable energy stocks.

The consistent climb, from ₹214.70 to ₹225.40, backed by operational growth and a strategic business shift, has positioned INOX Green as a notable player in the Indian O&M sector.

While the company faced a minor dip in profitability, its forward-looking business restructuring and entry into the solar space underscore its evolving growth story.

For now, INOX Green’s journey reflects how consistent performance and focused expansion in renewable energy can fuel investor confidence — even in a volatile market.