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Inox Green Energy Services Ltd Q2FY24; 23% fall in Revenue

Incorporated in 2012, Inox Green Energy Services Limited is one of the major wind power operation and maintenance (“O&M”) service providers within India. The company is a subsidiary of Inox Wind Limited (“IWL”), and part of the Inox GFL group of companies.


Financial Results:

  • Inox Green Energy Services Ltd reported Revenues for Q2FY24 of ₹47.39 Crores down from ₹61.79 Crore year on year, a fall of 23.3%.
  • Total Expenses for Q2FY24 of ₹54.32 Crores down from ₹72.93 Crores year on year, a fall of 25.52%.
  • Consolidated Net Profit of ₹5.76 Crores from -₹8.21 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹0.20, from -₹0.35 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Energy
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