Inox Wind Energy Ltd's Q3FY25 Quarter Results
- 01 Feb 2025
Result Summary
- Inox Wind Energy Ltd reported a 33.7% 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 95.3%.
- Its expenses for the quarter were up by 20.3% QoQ and 64.5% YoY.
- The net profit increased 47.3% QoQ and decreased 2008.4% YoY.
- The earnings per share (EPS) of Inox Wind Energy Ltd stood at 32.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 994.74 | 743.79 | 509.21 | 33.7% | 95.3% |
Total Expenses | 789.28 | 655.92 | 479.69 | 20.3% | 64.5% |
Profit Before Tax | 205.46 | 87.87 | 29.52 | 133.8% | 596.0% |
Tax | 80.40 | 3.39 | 33.93 | 2271.7% | 137.0% |
Profit After Tax | 124.43 | 84.46 | -6.52 | 47.3% | -2008.4% |
Earnings Per Share | 32.40 | 21.30 | -4.00 | 52.1% | -910.0% |
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 Wind Energy Ltd is a prominent player in the renewable energy sector, primarily focused on the wind energy segment. The company, part of the larger Inox Group, is involved in the manufacturing of wind turbine generators and provides turnkey solutions for wind farms, including operations and maintenance services. As of the latest updates till October 2023, Inox Wind Energy Ltd continues to expand its footprint in the renewable energy market, which is poised for growth due to increasing global emphasis on sustainable energy sources. However, specific recent developments beyond this timeframe are not available within the provided data.
Revenue
For the third quarter of fiscal year 2025 (Q3FY25), Inox Wind Energy Ltd reported a total income of ₹994.74 crores, showcasing a significant increase when compared to the previous quarter (Q2FY25) where total income stood at ₹743.79 crores. This represents a quarter-over-quarter (QoQ) growth of 33.7%. Additionally, when compared to the same period in the previous fiscal year (Q3FY24), total income surged by 95.3% from ₹509.21 crores. These figures highlight a robust revenue growth trajectory for the company over both sequential and annual periods.
Profitability
The profitability metrics for Inox Wind Energy Ltd in Q3FY25 indicate substantial improvements. The Profit Before Tax (PBT) for the quarter was ₹205.46 crores, a significant rise from ₹87.87 crores in Q2FY25 and ₹29.52 crores in Q3FY24. This translates to a QoQ increase of 133.8% and a year-over-year (YoY) rise of 596.0%. After accounting for taxes amounting to ₹80.40 crores, the Profit After Tax (PAT) was ₹124.43 crores, up from ₹84.46 crores in the previous quarter and a marked improvement from the loss of ₹6.52 crores recorded in Q3FY24. These figures are reflected in the Earnings Per Share (EPS), which rose to ₹32.40 from ₹21.30 in the previous quarter and reversed from a negative position of ₹-4.00 in the same quarter last year.
Operating Metrics
In terms of operating metrics, the total expenses for Inox Wind Energy Ltd in Q3FY25 were ₹789.28 crores, which is an increase from ₹655.92 crores in Q2FY25, marking a QoQ rise of 20.3%. On a YoY basis, expenses grew by 64.5% from ₹479.69 crores in Q3FY24. Despite the increase in expenses, the company managed to achieve higher profits, indicating an effective scaling of operations. The tax expenses saw an unprecedented increase of 2271.7% QoQ, from ₹3.39 crores in Q2FY25 to ₹80.40 crores in Q3FY25, and a 137.0% increase YoY from ₹33.93 crores in Q3FY24. This substantial rise in tax expenses is noteworthy within the context of the company's improved profitability.
