Integrated Filing — IndAS



General information about company
Scrip Code 543667
NSE Symbol INOXGREEN
MSEI Symbol NOTLISTED
ISIN INE510W01014
Name of company Inox Green Energy Services Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 26-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 30-May-2025   15:20:00
End date and time of board meeting 30-May-2025   15:50:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 683800000 2355500000
Other income 286900000 546300000
Total income 970700000 2901800000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 139100000 477100000
(e) Finance costs 42400000 186400000
(f) Depreciation, depletion and amortisation expense 130900000 532100000
(f) Other Expenses
1 EPC, O&M, Common infrastructure facility expense 389300000 987600000
2 Other Expenses 146700000 371300000
Total other expenses 536000000 1358900000
Total expenses 848400000 2554500000
3 Total profit before exceptional items and tax 122300000 347300000
4 Exceptional items 0 0
5 Total profit before tax 122300000 347300000
6 Tax expense
7 Current tax 9400000 14200000
8 Deferred tax 48500000 140200000
9 Total tax expenses 57900000 154400000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 64400000 192900000
12 Profit (loss) from discontinued operations before tax 0 100000
13 Tax expense of discontinued operations 0 -25600000
14 Net profit (loss) from discontinued operation after tax 0 25700000
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 64400000 218600000
17 Other comprehensive income net of taxes 100000 -4200000
18 Total Comprehensive Income for the period 64500000 214400000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 55600000 193900000
Total profit or loss, attributable to non-controlling interests 8800000 20500000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 100000 -4200000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 3670200000 3670200000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 14476200000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.17 0.55
Diluted earnings (loss) per share from continuing operations 0.17 0.55
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0.07
Diluted earnings (loss) per share from discontinued operations 0 0.07
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.17 0.62
Diluted earnings (loss) per share from continuing and discontinued operations 0.17 0.62
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 6942400000
Capital work-in-progress 70500000
Investment property
Goodwill 101400000
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 2647500000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 4137900000
Total non-current financial assets 6785400000
Deferred tax assets (net) 800000000
Other non-current assets 115400000
Total non-current assets 14815100000
2 Current assets
Inventories 971700000
Current financial asset
Current investments 1808100000
Trade receivables, current 1800800000
Cash and cash equivalents 63100000
Bank balance other than cash and cash equivalents 418600000
Loans, current 3639300000
Other current financial assets 1045500000
Total current financial assets 8775400000
Current tax assets (net) 0
Other current assets 306700000
Total current assets 10053800000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 24868900000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 3670200000
Other equity 16001200000
Total equity attributable to owners of parent 19671400000
Non controlling interest 69400000
Total equity 19740800000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 500000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 500000
Provisions, non-current 31200000
Deferred tax liabilities (net) 2400000
Deferred government grants, Non-current 0
Other non-current liabilities 2114300000
Total non-current liabilities 2148400000
Current liabilities
Current financial liabilities
Borrowings, current 1808800000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1200000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 551900000
Total Trade payable 553100000
Other current financial liabilities 132500000
Total current financial liabilities 2494400000
Other current liabilities 473200000
Provisions, current 1600000
Current tax liabilities (Net) 10500000
Deferred government grants, Current 0
Total current liabilities 2979700000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 5128100000
Total equity and liabilites 24868900000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Operation and Maintenance 683800000 2355500000
2 Trading Income 0 0
3 Power Generation 0 193700000
Total Segment Revenue 683800000 2549200000
Less: Inter segment revenue 0 0
Revenue from operations 683800000 2526100000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Operation and Maintenance -122200000 -12500000
2 Trading Income 0 0
3 Power Generation 0 124300000
Total Profit before tax -122200000 111800000
i. Finance cost 42400000 42400000
ii. Other Unallocable Expenditure net off Unallocable income -286900000 -286900000
Profit before tax 122300000 347400000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Operation and Maintenance 24869000000 24869000000
2 Trading Income 0 0
3 Power Generation 0 0
Total Segment Asset 24869000000 24869000000
Un-allocable Assets 0 0
Net Segment Asset 24869000000 24869000000
4 Segment Liabilities
Segment Liabilities
1 Operation and Maintenance 5128200000 5128200000
2 Trading Income 0 0
3 Power Generation 0 0
Total Segment Liabilities 5128200000 5128200000
Un-allocable Liabilities 0 0
Net Segment Liabilities 5128200000 5128200000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of Defined beneifit Obligation 200000 -5900000
Total Amount of items that will not be reclassified to profit and loss 200000 -5900000
2 Income tax relating to items that will not be reclassified to profit or loss 100000 -1700000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 100000 -4200000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 347300000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 186400000
Adjustments for decrease (increase) in inventories -265800000
Adjustments for decrease (increase) in trade receivables, current -757900000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 255300000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 399000000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 105600000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 532100000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 14100000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -215600000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 271200000
Adjustments for share-based payments 85300000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 67100000
Other adjustments for non-cash items 55600000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 190000000
Net cash flows from (used in) operations 537300000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) -66400000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 603700000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 42100000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 116900000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -5462200000
Net cash flows from (used in) investing activities -5387400000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 4400000000
Proceeds from issuing other equity instruments 1525000000
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 4000000
Repayments of borrowings 927600000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -263500000
Net cash flows from (used in) financing activities 4737900000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -45800000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -45800000
Cash and cash equivalents cash flow statement at beginning of period 108900000
Cash and cash equivalents cash flow statement at end of period 63100000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Dewan P N Chopra & Co Yes 31-Jan-2027