The shares of the leading wind energy solutions provider surged by 9%, reaching ₹189.90 per share, following the company’s announcement of a ₹50 crore net profit, marking a significant turnaround from the loss reported in the same quarter last year.
At 11:23 a.m, Inox Wind Ltd shares were trading at ₹184.10 per share, up 5.68 percent on the National Stock Exchange. The company has a market capitalization of ₹23,892 crores.
What Happened
Inox Wind Ltd’s exchange filings revealed a robust financial performance for Q1 FY25, with a consolidated net profit of ₹50 crores from the loss of ₹65 crores of the previous year’s quarter. The company’s total revenue for the quarter amounted to ₹639 crores, an 83% rise from the same period last year.
On a quarter-on-quarter basis, the company’s net profit surged by 35%, while revenue grew by 21%. Additionally, EDBITA has grown from ₹35 crores in Q1FY24 to ₹157 crores in Q1FY25.
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Orderbook
Inox Wind Ltd’s order book surged by 254% in Q1FY25, rising from 825 MW in Q1FY24 to 2,917 MW. In July 2024, the promoters injected ₹900 crore (net of taxes and fees), transforming Inox Wind Ltd into a net cash company.
Returns
Inox wind shares have delivered a multibagger return of 49 percent in the last six months and 264 percent in a year. A shareholder investment of ₹ 1 lakh in the company would be worth ₹3.64 lakhs in a year.
Shareholding
As of June 2024, the shareholding pattern reveals that the company’s promoter holds a 48.27% stake. Foreign institutional investors and domestic institutional investors hold 13.37% and 9.75% stakes, respectively, in the company.
About the company
Inox Wind Ltd is a leading manufacturer of Wind Turbine Generators (WTGs) and provides wind energy solutions to Independent Power Producers (IPPs).
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.
Written by Omkar Chitnis
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