Inox Wind Ltd.'s net profit rose over 100 times on an annual basis during the third quarter of fiscal 2025, topping analysts' estimates.
The wind turbine manufacturer reported a consolidated bottom line of Rs 116.65 crore in the October-December quarter, compared to a profit of Rs 1.07 crore in the same period last year, according to an exchange filing. Analysts polled by Bloomberg had estimated a Rs 102-crore net profit.
Inox Wind Q3FY25 Result Highlights (Consolidated, YoY)
Revenue up 81% at Rs 911.27 crore versus Rs 503.45 crore (Bloomberg estimate: Rs 1,062 crore)
Ebitda up 123.24% at Rs 207.1 crore versus Rs 92.77 crore (Estimate: Rs 185 crore)
Margin expanded 429 basis points to 22.72% versus 18.42%. (Estimate: 17.4%)
Net profit at Rs 116.65 crore versus Rs 1.07 crore (Estimate: Rs 102 crore)
Inox Wind's growth in the December quarter was mainly driven by the 82% year-on-year uptick in the company's order execution to 189 megawatts.
The company's total order book now stands at 3,286 GW versus 2,575 GW in the year-ago period. As per the company, the current order book gives Inox Wind a "large revenue visibility" for the next 2-3 years.
Shares of Inox Wind closed 4.93% higher at Rs 169.3 apiece on the BSE, compared to a 0.97% rise in the benchmark Sensex.
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