Inox Wind , a prominent player in the wind energy sector, has reported a stellar performance for the first quarter, showcasing significant growth across key financial metrics.

Profit Surge

The company's net profit witnessed a remarkable surge, jumping to ₹1.06 billion from ₹103.00 million in the corresponding period last year. This tenfold increase underscores Inox Wind's strong financial health and operational efficiency.

Revenue Growth

Inox Wind's revenue saw a substantial uptick, rising to ₹8.30 billion compared to ₹6.39 billion in the same quarter of the previous year. This 30% year-over-year growth reflects the company's expanding market presence and increased demand for its products and services.

Improved Profitability

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed impressive growth, increasing to ₹1.84 billion from ₹1.35 billion year-over-year. This represents a robust 36% rise in operational profitability.

Enhanced Efficiency

Notably, Inox Wind's EBITDA margin improved to 22.23% from 21.04% in the same period last year, indicating enhanced operational efficiency and cost management.

Financial Performance at a Glance

Inox Wind's robust quarterly performance demonstrates its strong position in the wind energy market and its ability to capitalize on the growing demand for renewable energy solutions. The significant improvements across all key financial indicators reflect the company's effective strategies and operational excellence.

Inox Wind , a leading wind energy solutions provider in India, has reported a stellar performance for the first quarter, with significant growth in revenue and profitability.

Financial Highlights

Operational Performance

• Executed 146 MW of orders during the quarter
• Maintains a robust order book of approximately 3.1 GW

Key Developments

• Operationalized new manufacturing facilities in Gujarat and Rajasthan
• Deployed cranes across multiple sites
• Inox Green, the O&M subsidiary, secured a 182 MW wind project maintenance agreement
• Completed a major corporate restructuring with the merger of Inox Wind Energy Ltd, reducing liabilities by approximately ₹2,050 crore
• Received stock exchange approval for the demerger scheme of Inox Green's substation business

Management Commentary

Devansh Jain, Executive Director of INOXGFL Group, commented on the results: "I am pleased to announce that Inox Wind has delivered yet another solid quarterly performance. With the strategic actions almost behind us and backed by the solid foundation which Inox Wind has built over the last few years, the company is on a robust journey to deliver strong growth ahead."

Kailash Tarachandani, Group CEO of Renewable Business at INOXGFL Group, added: "Inox Wind continues to be the flagbearer of our renewables business vertical's growth, delivering yet another stellar quarter."

Future Outlook

The company's management expressed optimism about the future, citing favorable policies for domestic manufacturers and strong customer relationships. With a well-diversified order book and expanding capabilities, Inox Wind is well-positioned to capitalize on the growing opportunities in the Indian wind energy sector.

The robust performance in Q1 sets a positive tone for Inox Wind's growth trajectory, reflecting the company's strong market position and operational efficiency in the renewable energy space.