Green Energy Stock in Focus: Inox Wind
The company prides itself on producing key components of Wind Turbine Generators (WTGs), ensuring high quality, advanced technology, performance reliability, and cost competitiveness.
June 10, 2024. By Abha Rustagi
As the global economy prioritizes climate change and carbon reduction, the renewable energy sector emerges as a crucial driver of sustainable growth. One notable player making waves in this sector is Inox Wind.
Inox Wind, a fully integrated wind energy company, operates three state-of-the-art manufacturing plants located in Gujarat, Himachal Pradesh, and Madhya Pradesh, boasting a cumulative manufacturing capacity of 1,600 MW. The company prides itself on producing key components of Wind Turbine Generators (WTGs), ensuring high quality, advanced technology, performance reliability, and cost competitiveness.
Inox Wind has recently announced its annual results for the fiscal year 2023-24 (FY24) and the fourth quarter (Q4 FY24). The company reported a consolidated profit of INR 36.72 crore for the March 2024 quarter, a turnaround from a net loss of INR 119.04 crore in the same quarter of the previous fiscal year. This recovery was primarily driven by a substantial increase in income.
During Q4 FY24, Inox Wind's total income soared to INR 563.07 crore, compared to INR 193.83 crore a year ago. However, the company's expenses also increased, totaling INR 512.50 crore during the review period, up from INR 312.43 crore in the corresponding period of the previous year.
With a market capitalization of INR 19,583 crore and a 52-week trading range that peaked at INR 177.00 and dipped as low as INR 34.38, Inox Wind's future appears promising. The company is poised for growth, backed by strategic initiatives and robust operational performance.
For investors interested in the green energy sector, Inox Wind presents a compelling case for consideration. Stay tuned to Energetica India for more updates on Inox Wind and other green energy stocks driving the future of sustainable investing.
please contact: contact@energetica-india.net.
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