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Inox Wind Ltd Q2FY24; 247% rise in Revenue

Inox Wind Limited is a part of the Inox Group. The company is engaged in the business of manufacturing Wind Turbine Generators (WTGs) and is a wind energy solutions provider servicing IPPs, Utilities, PSUs, Corporates and Retail Investors. Inox Wind Ltd is a fully integrated player in the wind energy market and provides end-to-end turnkey solutions.

Financial Results:

  • Inox Wind Ltd reported Revenues for Q2FY24 of ₹371.00 Crores up from ₹107.00 Crore year on year, a rise of 246.73%.
  • Total Expenses for Q2FY24 of ₹412.00 Crores up from ₹245.00 Crores year on year, a rise of 68.16%.
  • Consolidated Net Profit of -₹27.00 Crores from -₹134.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is -₹0.74, from -₹4.79 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: wind energy
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