The shares of Green Energy stock, specialized in the business of manufacturing Wind Turbine Generators (WTGs), jumped 12 percent upon declaring Q3 results and generating Profit with a 6,345 percent rise.
Price action
With a market capitalization of Rs. 21,949 crores on Saturday, the shares of Inox Wind Limited jumped up to 12 percent making a high of Rs. 188.80 per share compared to its previous closing price of Rs. 168.59 per share.
What Happened
Inox Wind Limited specializing in the business of manufacturing Wind Turbine Generators (WTGs) has announced its Q3FY25 results
Its Total income grew by 96 percent YoY from Rs. 506.88 Crores in Q3FY24 to Rs. 993.6 Crores in Q3FY25 and it grew by 33 percent QoQ from Rs. 741.74 Crores in Q2FY25 to Rs. 993.6 Crores in Q3FY25.
Its Net Profit grew by 6,345 percent YoY Rs. 1.81 Crores in Q3FY24 to Rs. 116.65 Crores in Q3FY25 and it rose by 25.5 percent QoQ from Rs. 90.2 Crores in Q2FY25 to Rs. 116.65 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 0.89, compared to Rs. 0.89 in the previous quarter and minus Rs. 0.12 in the same quarter last year.
About the company
INOX Wind Ltd. is a leading Indian wind energy company specializing in the manufacturing, installation, and maintenance of wind turbine generators. It offers end-to-end solutions in the wind energy sector, from project development to operations.
Key Highlights of the Quater
The company order book stands at ~ 3.3 GW and FY25 order inflows stand at ~1.4 GW with a strong order pipeline. The company has executed 189MW in Q3FY25 up by 82 percent YoY and 469 MW executed in 9M FY25 up by 90 percent YoY.
Orderbook Segmentation
Order book currently stands at ~ 3.3 GW providing a large revenue visibility in the next 2-3 years In FY25. The Equipment supply consists of 1,202 MW and End-to-end Turnkey consists of 2,088 MW
Written by Sridhar J
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