Inox Wind Share Price Extends Gains, Rises 3%

On December 03, 2024, Inox Wind share price traded 3.33% higher at ₹207.59 on the NSE at 11:45 AM, after opening at ₹202.70, up from the previous close of ₹200.85.

Inox Wind Order Book Details

Inox Wind is on track to achieve its financial targets for the year, backed by its largest-ever order book of 3.3 gigawatts (GW). With 1.2 GW of new orders added in the current financial year, the company is rapidly scaling up its execution capabilities.

The substantial order book, combined with strong anticipated inflows in the coming months, positions Inox Wind for higher-than-expected execution.

While the company maintains its current guidance of 1200 megawatts (MW) for the year, there is confidence that the actual execution could surpass this target due to the growing order backlog and ongoing expansion efforts.

Inox Wind Q2 FY25 Financial Highlights

In Q2 FY25, Inox Wind reported a consolidated net profit of ₹90.22 crore from continuing operations, compared to a net loss of ₹29.23 crore in Q2 FY24.

Revenue from operations saw a significant increase of 97.56% year-on-year, reaching ₹732.24 crore for the quarter ending 30th September 2024.

Total income from operations stood at ₹741.74 crore in Q2 FY25, marking a growth of 92.96% compared to ₹384.4 crore in the same quarter of the previous year.

About Inox Wind Ltd

Inox Wind Ltd is a prominent Indian company in the renewable energy sector, specialising in the manufacturing of wind turbine generators (WTGs) and providing integrated services for wind power projects. Established in 2009, the company is a part of the Inox Group and operates across various segments of the wind energy value chain, including the design, manufacturing, and installation of WTGs, as well as offering operation and maintenance services.

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