Inox Wind Ltd's Q3FY25 Quarter Results
- 01 Feb 2025
Result Summary
- Inox Wind Ltd reported a 34.0% 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 96.0%.
- Its expenses for the quarter were up by 21.5% QoQ and 57.0% YoY.
- The net profit increased 23.8% QoQ and increased 6068.0% YoY.
- The earnings per share (EPS) of Inox Wind Ltd stood at 0.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 993.60 | 741.74 | 506.88 | 34.0% | 96.0% |
Total Expenses | 787.29 | 647.93 | 501.45 | 21.5% | 57.0% |
Profit Before Tax | 192.85 | 93.81 | 5.43 | 105.6% | 3451.6% |
Tax | 80.58 | 3.59 | 1.51 | 2144.6% | 5236.4% |
Profit After Tax | 111.64 | 90.20 | 1.81 | 23.8% | 6068.0% |
Earnings Per Share | 0.90 | 0.70 | -0.10 | 28.6% | -1000.0% |
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 Ltd is a company primarily engaged in the manufacturing of wind turbine generators and the provision of wind power solutions. It operates within the renewable energy sector, focusing on the development, production, and sale of wind energy infrastructure. This company is part of the growing renewable energy industry, which is aligned with global trends toward sustainable energy solutions. Though specific recent developments are not provided in the data, Inox Wind is known for its contributions to the wind energy segment in India and may be involved in projects that enhance its product offerings or expand its market reach.
Revenue
In the third quarter of the fiscal year 2025, Inox Wind Ltd reported a total income of ₹993.60 crores. This represents a significant increase of 34.0% from the previous quarter's total income of ₹741.74 crores. Compared to the same quarter in the previous fiscal year (Q3FY24), where the total income stood at ₹506.88 crores, there is a remarkable year-over-year growth of 96.0%. Such figures indicate strong revenue performance for the quarter under review, showcasing a substantial improvement in the company's income generation over both the quarterly and annual periods.
Profitability
The company's profitability metrics show a substantial improvement in Q3FY25. The profit before tax for this quarter was ₹192.85 crores, marking a 105.6% increase from ₹93.81 crores in the previous quarter. When compared to the same quarter in the prior year, which recorded a profit before tax of ₹5.43 crores, there is an astonishing year-over-year increase of 3451.6%. The profit after tax for Q3FY25 was ₹111.64 crores, compared to ₹90.20 crores in Q2FY25, reflecting a quarter-over-quarter growth of 23.8%, and a year-over-year growth of 6068.0% from ₹1.81 crores in Q3FY24. Earnings per share (EPS) improved to ₹0.90 in Q3FY25 from ₹0.70 in Q2FY25 and from a negative ₹0.10 in Q3FY24.
Operating Metrics
Total expenses for Inox Wind Ltd in Q3FY25 were ₹787.29 crores, which represents a 21.5% increase from Q2FY25's total expenses of ₹647.93 crores. On a year-over-year basis, there is a 57.0% increase from Q3FY24's expenses of ₹501.45 crores. The tax expenses for this quarter were ₹80.58 crores, which is a significant increase from both the previous quarter's ₹3.59 crores and last year's ₹1.51 crores for the same quarter. This increase in tax expenses aligns with the rise in profit before tax. The company's earnings per share have also shown an improvement, marking a substantial recovery from negative figures in the previous year to ₹0.90 in the current quarter.
