Shares of Inox Wind increase reached ₹200 on Monday, rising as much as 17% following the publication of the company’s June quarter earnings. The Shares of Inox Wind increase by 55% in 2024 as a result of this rise.
Inox Wind recorded an 83% increase in revenue to ₹638.8 crore for the month of April to June when compared with the same period the year before. The company additionally claimed a ₹48 crore net profit when compared to a ₹63.5 crore net loss the previous year.
Earnings Before Interests, Tax, Depreciation, and The amortization (EBITDA) increased to ₹136.1 crore from ₹31.3 crore in the identical quarter of the previous year, a more than four times increase.
The EBITDA margin Shares of Inox Wind increase to 21.3% during the period, more than double the 9% margin recorded in the same quarter last year. A better sales mix led to an increase in margins.
While the business has expected margins for the current fiscal year to be between 15 and 16 percentages, there is room for a modest improvement as the year goes on.
Additionally, we said on record that our FY26 figures have a sizable upside. The managing director of the INOXGFL Group Devansh Jain told CNBC-TV18, “We are still working toward the 800 and 1,200 megawatts focuses on that we set out for one another for 2025 and 2026, but I think that the contract book says a great deal in and of itself, and the present run rate of execution and economic viability gives some sort of indicate of where we are headed.”
Shares of Inox Wind increase current order book stands at an all- time high 2.9 GW, which is expected to be complete in two years.
Following Monday’s upswing, the Relative Strength Index (RSI) for Inox Wind is currently climbing into oversold territory on the charts. The Shares of Inox Wind increase is in “overbought” area if the RSI value is higher than 70, which it is presently at 71.
At ₹202, Shares of Inox Wind increase are presently trading 15.6% higher.
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What is the Inox stock likely to do in the future:
With a maximum projected price of 1,485.00 INR and an initial projection of 1,475.00 INR, experts believe that INOXINDIA’s price goal will be 1,480.00 INR.
Debt-free, is Inox Wind:
After receiving an investment of Rs 900 crore from its founder on May 28, 2024, which involved notable investors, Inox Wind’s shares jumped 10.5% to Rs 157.25 on the BSE. Currently net debt-free and growing stocks by 284% annually.
What recent events affect Inox Wind:
After receiving an investment of Rs 900 crore from an owner on May 28, 2024, which involved notable investors, Inox Wind’s shares surged 10.5% to Rs 157.25 on the BSE. Currently net debt-free and growing stocks by 284% annually.
What is the Inox Wind Share the award price:
The issue price for each equity share is Rs. 325, with a face value of Rs. 10 apiece. 32.5 times the original face value is the issue price.
What accomplishes inox wind energy:
The company produces and sells turbines for wind energy and provides turnkey services for wind power projects, including site acquisition, wind resource evaluation, planning, construction, power the evacuation, erection and installation, statutory approvals, long-term activities, and repair.