Renewable Energy Player Inox Wind Sees Consolidated Profit Increase

Renewable Energy Player Inox Wind Sees Consolidated Profit Increase.webp


New Delhi, February 13 Inox Wind announced on Friday a consolidated net profit of over 14% for the December quarter, reaching Rs 126.65 crore, driven by revenue growth.

The company reported a profit of Rs 110.98 crore for the October-December period of the previous 2023-24 financial year, as stated in a filing with the stock exchange.

The company's total income increased to Rs 1,238.42 crore from Rs 994.73 crore during the same quarter a year ago.

INOXGFL Group Executive Director Devansh Jain stated, "At INOXGFL Group, all our renewable energy companies are poised for significant growth in the coming years. We aim for Inox Wind to continue delivering strong performance and execution, while the large-scale O&M portfolio expansion of Inox Green further contributes to consolidated profitability."

The total order inflow for FY26 stands at 600 MW, including orders from Aditya Birla, Amplus/Gentari, Jakson, and First Energy, among others.

The net order book stands at 3.2 GW, providing revenue visibility of 18-24 months.

The company has strong order intake visibility from multiple new and existing customers across PSU (public sector undertaking), IPP (independent power producer) & C&I (commercial and industrial) segments, as well as from group company Inox Clean, supported by its ambitious growth plans.

A part of the INOXGFL Group, Inox Wind is India's leading provider of wind energy solutions.
 
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commercial and industrial energy solutions financial performance financial year 2023-24 independent power producers india inox wind inoxgfl group net profit o&m (operations and maintenance) order inflow public sector undertakings renewable energy revenue growth wind energy
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