Inox Green Energy Services reported a 54 per cent profit rise to ₹43 crore for the second quarter of FY27. The company also completed a ₹300 crore payment for Wind World’s O&M business. Many new assets helped the firm grow its total portfolio to 12.5 GWp by September 2026.
Inox Green Energy Services Ltd reported a 54 per cent year-on-year increase in consolidated profit after tax (PAT) to ₹43 crore for the second quarter of FY27. Revenue from operations rose 8.5 per cent year-on-year to ₹89 crore.
In a regulatory filing, the company said it had successfully raised ₹300 crore through a qualified institutional placement (QIP), following shareholders’ approval at an extraordinary general meeting held on August 13, 2026. The company allotted 1,81,10,473 equity shares of face value ₹10 each through the issue. The proceeds were kept in an escrow account as of September 30. The funds raised through the QIP are intended to be deployed towards investment in its subsidiary, Vibhav Energy Pvt Ltd (VEPL), for part payment of the acquisition of the Operations and Maintenance (O&M) business undertaking of Wind World (India) Ltd, repayment or prepayment of certain outstanding borrowings, and general corporate purposes.
Inox Green, through VEPL, entered into a Business Transfer Agreement (BTA) with Wind World India on September 12 to transfer its O&M business for a consideration of ₹500 crore. VEPL had paid ₹300 crore towards the consideration up to September 30. According to its investor presentation, Inox Green’s portfolio stood at around 12.5 GWp as of September 2026, comprising approximately 10.4 GW of wind assets and 2.1 GWp of solar assets. This includes Wind World India’s O&M portfolio as well as an investment towards the acquisition of another approximately 2 GW of wind O&M assets.