Inox Wind just dropped some major bombshells with its latest financial report, and let’s just say, it’s all sunshine and rainbows for this wind energy powerhouse.
Inox Wind, the boss of wind energy solutions in India, just reported some jaw-dropping numbers for the quarter ending March 31, 2024. Get this, their revenue shot up by over 190% compared to the same time last year, hitting a massive ₹563 crores. Yeah, you heard that right.
But wait, there’s more. Their EBITDA (that’s fancy talk for earnings before interest, taxes, depreciation, and amortization) went from a loss of ₹25 crores last year to a whopping ₹140 crores this year.
And hold up, the party doesn’t stop there. Their PAT (Profit After Tax) skyrocketed to ₹38 crores, making a quantum leap compared to last year.
Inox Wind is setting the stage for some serious growth ahead. Their order book is stacked, sitting pretty at around 2.7 GW, and they just snagged a sweet 210 MW order from Hero Future Energies. That’s a major flex right there.
CEO of Inox Wind, Kailash Tarachandani, couldn’t contain his excitement, Q4 has been a milestone quarter for the company as we successfully transitioned to 3 MW WTG supplies from 2 MW WTGs. Our EBITDA run rate in Q4 places us on a strong footing for FY25.
And get this, they’re not just talking the talk, they’re walking the walk. Inox Wind raised a cool ₹1,300 crores from global bigwigs, which they used to beef up their balance sheet by slashing their borrowings.
