Inox Wind Gets 'Buy' From Systematix Ahead Of Q3 Results; Here's Why

The brokerage remains positive on the sector tailwinds with a massive government push to enhance India's renewable energy capacity and the growing integration of wind capacities in the RE mix..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.We estimate Inox Wind Ltd.’s Q3 FY25 consolidated revenue of Rs 9.5 billion (+89% YoY, +30% QoQ), driven by improving deliveries of 3MW wind turbine generator sets. We estimate Q3 FY25 execution of 185 MW, projecting a growth of 78%/32% YoY/QoQ. Consolidated Ebitda (excluding other income) is expected to reach Rs 1.75 billion during the quarter, up 89% YoY and 2% QoQ. With our Q3 estimates, we expect FY25 annual execution to reach 734 MW (+95% YoY) compared to management’s guidance of 800MW. We anticipate better execution and commissioning in Q4 FY25 with an anticipated pick up in EPC and continued ramp-up of manufacturing operations. We estimate interest costs to drop by 53% YoY and 33% QoQ this quarter, resulting in a net profit after tax (before minority interest) of Rs 1,047 million (+16% QoQ)..Click on the attachment to read the full report:.HCLTech Q3 Results Review - Guidance Upgrade Dampens Enthusiasm; Motilal Oswal Reiterates 'Buy' On The Stock.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Inox Wind Gets 'Buy' From Systematix Ahead Of Q3 Results; Here's Why

Monitoring the execution pace and EPC completions remain crucial, given that abrupt policy changes and subdued order inflows are risks to the company, says the brokerage.

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