Inox Green Energy Services Ltd's Q3FY25 Quarter Results
- 01 Feb 2025
Result Summary
- Inox Green Energy Services Ltd reported a 14.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 22.2%.
- Its expenses for the quarter were up by 15.0% QoQ and 8.0% YoY.
- The net profit decreased 14.4% QoQ and decreased 484.4% YoY.
- The earnings per share (EPS) of Inox Green Energy Services Ltd declined at 0.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 73.98 | 64.41 | 60.54 | 14.9% | 22.2% |
Total Expenses | 62.94 | 54.74 | 58.27 | 15.0% | 8.0% |
Profit Before Tax | 11.04 | 9.67 | 2.27 | 14.2% | 386.3% |
Tax | 5.22 | 3.59 | 1.51 | 45.4% | 245.7% |
Profit After Tax | 5.19 | 6.06 | -1.35 | -14.4% | -484.4% |
Earnings Per Share | -0.10 | 0.20 | -0.10 | -150.0% | 0.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Inox Green Energy Services Ltd is a prominent player in the renewable energy sector, focusing primarily on wind energy solutions. The company offers a suite of services related to the operation and maintenance of wind turbine generators. As a subsidiary of Inox Wind Limited, Inox Green Energy Services Ltd leverages its expertise to provide sustainable and efficient energy solutions. The company operates in an industry that is crucial for addressing global energy needs while reducing carbon footprints. Key developments in the company are not available from the provided data, and therefore, any recent strategic initiatives or market expansions are not documented here.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Inox Green Energy Services Ltd reported a total income of ₹73.98 crores. This represents a substantial increase of 14.9% compared to the previous quarter (Q2FY25), where the total income was ₹64.41 crores. When compared to the same quarter in the previous fiscal year (Q3FY24), the total income increased by 22.2% from ₹60.54 crores. The consistent quarter-over-quarter (QoQ) and year-over-year (YoY) growth in total income reflects the company's expanding business activities and possibly its market presence within the renewable energy sector.
Profitability
For the third quarter of FY25, the company recorded a profit before tax of ₹11.04 crores, marking a 14.2% increase from the preceding quarter's ₹9.67 crores. The year-over-year improvement is significant, with a rise from ₹2.27 crores in Q3FY24, resulting in a 386.3% increase. The tax expense for Q3FY25 was ₹5.22 crores, which is up by 45.4% from Q2FY25 and 245.7% higher than Q3FY24. However, the profit after tax declined to ₹5.19 crores in Q3FY25, a 14.4% decrease from Q2FY25. In contrast, this represents a substantial recovery from a loss of ₹1.35 crores recorded in Q3FY24. Earnings per share were reported as -₹0.10 for Q3FY25, a decline from ₹0.20 in Q2FY25, and unchanged from Q3FY24.
Operating Metrics
The total expenses for Inox Green Energy Services Ltd in Q3FY25 amounted to ₹62.94 crores. This reflects a 15.0% increase from the previous quarter's expenses of ₹54.74 crores and an 8.0% increase from the same quarter last year, where expenses were ₹58.27 crores. The growth in total expenses can be attributed to expanded operational activities, aligning with the increase in total income. The company's performance metrics indicate a consistent pattern of increased operational costs alongside revenue growth. However, the decline in profit after tax and earnings per share suggests a need to analyze operating efficiencies further. The report does not provide additional financial ratios such as the P/E ratio, debt-to-equity ratio, or current ratio, limiting the scope for a deeper financial assessment.
