Inox Wind Ltd. : Q4FY17 Results

Inox Wind Ltd. reported its results for the quarter ended March 31, 2017 today.

The company's total sales for Q4FY17 came in at Rs 1019.22 crore, which represents a 12.18 per cent sequential decline and 44.61 per cent YoY decline.

Its operating profit (EBIT) for the quarter amounted to Rs 218.18 crore and its EBIT margin stood at 21.41 per cent.

The company reported PAT of Rs 127.54 crore. which represents a sequential QoQ increase of 18.64 per cent and a YoY decline of 36.59 per cent.

During FY2016-17, the company posted dismal performance across the board. Revenue for the period dropped 23.3% yoy to Rs 3415 crore and EBITDA decreased 21.5% yoy to Rs 560 crore. Also, the company’s net profit tanked by 34.2% yoy to Rs. 303 crore.

INOX WIND LIMITED is an Indian based company which act as manufacturer, importer, exporter, contractor, sub-contractor, lessor, lessee, agents and carries on the business of accumulation, distribution, generation, set up wind farms and deal in hydro turbine, thermal turbine, solar modules and all types of renewable energy system like solar, biomass, solid waste, by-product gases and various related equipment such as rotor blades, braking systems, towers, control unit, generators and thus provide consultancy and management services in respect to above activities.The registered office of the company is in the State of Himachal Pradesh.