Inox Wind hits 52-week high after company reports Q1 net profit at ₹50 crore

The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) for the period surged 349% YoY to ₹157 crore.

The company reported execution of 140 megawatts (MW) during Q1FY25, higher by 112% YoY. The FY25 order inflows came in 611 MW including a 210 MW repeat order from Hero Future Energies, a 200 MW order from a C&I customer, and a 201 MW repeat order from Intergrum Energy.

At the end of Q1FY25, the company’s order book grew by 254% YoY to 2.9 gigawatts (GW).

The company stated that the promoters of the company infused over ₹900 crore in July 2024, resulting in Inox Wind becoming a net cash company.

Kailash Tarachandani, chief executive officer of Inox Wind, said that the company has a large diversified order book and is receiving a strong response from customers. Further, the infusion of funds from the promoters will provide a boost to the company’s profitability.

“Infusion of ₹900 crores by IWEL, the parent of IWL, has resulted in the company becoming net cash positive, which will reduce our interest payments substantially and shall provide a further boost to our profitability,” he said.

The company is expecting to achieve an execution target of 800 MW in FY25 and a target of 1,200 MW in FY26. The company has also provided guidance for a significant rise in profitability in FY25 and an even larger growth in profitability and cash flows in FY26.

Shares of the company have risen by nearly 56% since the beginning of the year. The stock has gained over 307% in the past year.