Inox Green Energy Reports Strong Cash Flow Amid Concerns Over Non-Operating Income Reliance

Inox Green Energy Services has recently undergone a financial trend adjustment, reflecting a notable improvement in its performance metrics for the quarter ending September 2025. The company reported its highest operating cash flow at Rs 60.37 crore, alongside a robust operating profit to interest ratio of 7.03 times. Additionally, net sales reached Rs 85.87 crore, with a profit after tax of Rs 27.90 crore and earnings per share of Rs 0.76, all marking significant achievements for the small-cap player in the Other Utilities sector.
However, the company faces challenges, particularly with its non-operating income, which constitutes 106.65% of its profit before tax. This reliance on non-operating income could raise concerns about the sustainability of its financial health.

In terms of market performance, Inox Green's stock has experienced fluctuations, with a current price of Rs 239.15, down from a previous close of Rs 250.75. Over the past year, the stock has shown a substantial return of 62.25%, significantly outperforming the Sensex, which returned 9.73% in the same period. This contrast highlights the company's strong recovery trajectory compared to broader market trends.