Inox Wind Shares Jump 17%  After Q1 Profit Report

Margins expand by over 1,200 basis points.

By: Pocketful

Shares surged 17% on Monday, crossing ₹200 Up 55% in 2024 so far

Inox Wind Shares Jump

Revenue up 83% YoY to ₹638.8 crore Net profit of ₹48 crore vs. a net loss of ₹63.5 crore last year

Strong Q1 Results

EBITDA: ₹136.1 crore vs. ₹31.3 crore last year EBITDA margin expands to 21.3%, up from 9% YoY

EBITDA Quadruples

Fiscal year margins projected at 15-16% Potential for further margin expansion

Future Projections

Current order book at a record 2.9 GW Targets of 800-1,200 MW for 2025-2026

Order Book & Targets