Inox Wind Limited — Updates, 31-01-2025: Press Release

Inox Wind Limited reported strong financial performance for the quarter and nine months ending December 31, 2024. Key metrics indicate a consolidated revenue of ₹994 Cr, reflecting a 96% year-over-year increase, while EBITDA soared to ₹290 Cr, up 192%. Profit after tax reached ₹112 Cr compared to ₹2 Cr in the prior year. Cash PAT showed an remarkable increase of 613% to ₹239 Cr. The company executed 189 MW of projects in Q3 FY25, an increase of 82% YoY, while the order book stood at approximately 3.3 GW, supporting future revenue growth.

The establishment of a new nacelle plant near Ahmedabad and the launch of crane services and transformer manufacturing by Inox Renewable Solutions in Q4 FY25 are poised to bolster operations. The group's foray into solar manufacturing through Inox Solar is expected to enhance its engagements in hybrid projects, presenting additional growth avenues. With a robust order inflow of around 1.4 GW in FY25 and ongoing opportunities in the renewable sector, Inox Wind is well-positioned for sustained growth and profitability. Investors should maintain a keen interest in this upward trajectory.