Inox Wind Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 7,322.4 million compared to INR 3,706.4 million a year ago. Revenue was INR 7,417.4 million compared to INR 3,844 million a year ago. Net income was INR 928.9 million compared to net loss of INR 241.2 million a year ago. Basic earnings per share from continuing operations was INR 0.71 compared to basic loss per share from continuing operations of INR 0.22 a year ago.
For the six months, sales was INR 13,710.5 million compared to INR 7,120.6 million a year ago. Revenue was INR 13,922.6 million compared to INR 7,293.7 million a year ago. Net income was INR 1,447.1 million compared to net loss of INR 880.3 million a year ago. Basic earnings per share from continuing operations was INR 1.09 compared to basic loss per share from continuing operations of INR 0.71 a year ago.
Inox Wind Limited is an India-based integrated wind energy solutions provider. The Company is engaged in the business of manufacturing and sale of wind turbine generators (WTGs). It also provides erection, procurement and commissioning (EPC), operations and maintenance (O&M) and common infrastructure facilities services for WTGs and wind farm development services. The Company offers various products, which include Inox DF 93.3, Inox DF 100 and Inox DF 113. The Company offers wind energy solutions and provides services to independent power producers (IPPs), utilities, public sector undertakings (PSUs), corporates and retail investors. The Company has three manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh with a cumulative manufacturing capacity of approximately 1,600 megawatts (MW). The plant near Ahmedabad, Gujarat manufactures blades and tubular towers, while hubs and nacelles are manufactured at the Companyâs facility at Una, Himachal Pradesh.
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