Inox Wind turns profitable in Q3 on higher revenue; order book stands at 2.6 GW
Inox Wind on Friday posted a consolidated net profit of Rs 1.81 crore in the December 2023 quarter on the back of higher revenues.
It had suffered a loss of Rs 287.86 crore in the October-December quarter a year ago, Inox Wind said in an exchange filing. The company’s total income rose to Rs 506.88 crore in the reporting quarter from Rs 237.68 crore in the year-ago period.
In a separate statement, the company said its EBIDTA was at Rs 99.5 crore in the quarter against an EBITDA loss of Rs 172.5 crore in the same quarter of 2022-23. The company’s orderbook stood at 2.6 GW, the statement said.
