Inox Wind Q3 Profit Soars to Rs 239 cr - Business News
Inox Wind Ltd (IWL) reported a multifold rise in profit to Rs 239 crore in Q3 FY24, driven by higher revenues. The company's order book also grew significantly.
New Delhi, Jan 31 (PTI) Inox Wind Ltd (IWL) on Friday reported a multifold rise in consolidated profit after tax (PAT) to Rs 239 crore, backed by higher revenues.
It had posted a Rs 33 crore PAT in the year-ago quarter, the company said in a statement.
The company's consolidated revenues rose 96 per cent to Rs 994 crore from Rs 507 crore in the October-December period of 2023-24.
IWL's order book stood at 3,286 MW at the end of the third quarter of the ongoing fiscal year, 28 per cent higher from 2,575 MW in the year-ago period.
INOXGFL Group Executive Director Devansh Jain said "Q3 results firmly establish the enormous growth trajectory the company is on. We continue to capitalise on the large growth opportunities in the Indian market, and supplemented by our new ventures, our offerings now encompass the entire renewables ecosystem, opening up additional areas of businesses for Inox Wind and its subsidiaries."
Part of USD 12-billion INOXGFL Group, IWL is India's leading wind energy solutions provider servicing IPPs, utilities, public sector units and corporate investors.
It had posted a Rs 33 crore PAT in the year-ago quarter, the company said in a statement.
The company's consolidated revenues rose 96 per cent to Rs 994 crore from Rs 507 crore in the October-December period of 2023-24.
IWL's order book stood at 3,286 MW at the end of the third quarter of the ongoing fiscal year, 28 per cent higher from 2,575 MW in the year-ago period.
INOXGFL Group Executive Director Devansh Jain said "Q3 results firmly establish the enormous growth trajectory the company is on. We continue to capitalise on the large growth opportunities in the Indian market, and supplemented by our new ventures, our offerings now encompass the entire renewables ecosystem, opening up additional areas of businesses for Inox Wind and its subsidiaries."
Part of USD 12-billion INOXGFL Group, IWL is India's leading wind energy solutions provider servicing IPPs, utilities, public sector units and corporate investors.
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