Inox Wind Energy Ltd Q1 FY2024 consolidated loss reduces to Rs. 36.80 crores

Inox Wind Energy Ltd has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 354.39 crores during the period ended June 30, 2023 as compared to Rs. 190.97 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -36.80 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -73.69 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -32.8278 for the period ended June 30, 2023 as compared to Rs. -65.7359 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 354.39 crs	₹190.97 crs	85.57%
Net Profit	₹-36.80 crs	₹-73.69 crs	50.06%
EPS	₹-32.8278	₹-65.7359	50.06%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 354.39 crores during the period ended June 30, 2023 as compared to Rs.212.91 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-36.80 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-67.80 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-32.8278 for the period ended June 30, 2023 as compared to Rs.-61.6924 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 354.39 crs	₹212.91 crs	66.45%
Net Profit	₹-36.80 crs	₹-67.80 crs	45.72%
EPS	₹-32.8278	₹-61.6924	46.79%

Shares of Inox Wind Energy Ltd was last trading in BSE at Rs. 2659.35 as compared to the previous close of Rs. 2662.30. The total number of shares traded during the day was 857 in over 189 trades.

The stock hit an intraday high of Rs. 2730.00 and intraday low of 2627.80. The net turnover during the day was Rs. 2299948.00.

Source : Equity Bulls

Keywords

InoxWindEnergy Q1FY24 ResultUpdate