Inox Wind Q3 Results: Profit Surges Over 100x To Rs 116 Crore, Beats Estimates
Inox Wind's revenue in Q3 rose 81% year-on-year to Rs 911.27 crore.
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.
