Inox Wind Ltd
P&L
Quarterly Consolidated
vs Q2 FY25
Inox Wind Reports 96% YoY Revenue Growth in Q3 FY25; EBITDA Surges 192% YoY; Order Book at ~ 3.3 GW
31 Jan 2025 · 31 Jan 2025, 09:40 pm
Summary
Inox Wind Limited (IWL) announced its financial results for the quarter ended December 31, 2024, reporting a significant increase in order execution, revenue, and EBITDA for the quarter and nine months ending December 31, 2024. The company's order book stands at ~ 3.3 GW, providing a strong revenue growth outlook. The company also announced the commencement of operations for a new nacelle plant and cranes services by its EPC arm, Inox Renewable Solutions, in Q4 FY25.
Key Highlights
- 1
Revenue up 96% YoY in Q3 FY25 and 93% for 9M FY25
- 2
EBITDA up 192% YoY in Q3 FY25 and 212% for 9M FY25
- 3
189 MW executed in Q3 FY25, up 82% YoY; 469 MW executed in 9M FY25, up 90% YoY
- 4
Large order book of ~ 3.3 GW provides strong revenue growth outlook; FY25 order inflows stand at ~ 1.4 GW with a strong order pipeline
- 5
New nacelle plant near Ahmedabad, Gujarat to commence operations in Q4 FY25
- 6
Inox Renewable Solutions to commence cranes services and transformer manufacturing operations in Q4 FY25
Management Comments
Devansh Jain
Executive Director, INOXGFL Group
Inox Wind's impressive Q3 results firmly establishes the enormous growth trajectory which the company is on. We continue to capitalise on the large growth opportunities in the Indian market, and supplemented by our new ventures, our offerings now encompass the entire Renewables ecosystem, opening up additional areas of businesses for Inox Wind and its subsidiaries.
Kailash Tarachandani
CEO of Inox Wind
We have been able to deliver another quarter of strong results in Q3 and are confident of delivering significantly higher execution from Q4 FY25 onwards. India continues to award large renewable capacities particularly in the hybrid / RTC / FDRE space, which bodes well for the demand for the wind sector. We continue to be fully geared up to take advantage of this massive impending opportunity in the Indian renewable space over the next decade.
Informational and educational content only. Not investment advice.