Now Reading: Inox Wind Q1 net profit drops 34%; shares fall 6%
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Inox Wind Q1 net profit drops 34%; shares fall 6%
Inox Wind's net profit fell 34.2% year-on-year to Rs 64.10 crore in the June quarter against Rs 97.3 crore last year, while sales slipped 1.5% to Rs 814.10 crore. Shares of the…
The Story in Brief
Inox Wind's net profit fell 34.2% year-on-year to Rs 64.10 crore in the June quarter against Rs 97.3 crore last year, while sales slipped 1.5% to Rs 814.10 crore. Shares of the Suzlon peer dropped 6% on the news. MOFSL said the company missed its revenue estimate by 15%, Ebitda by 18%, and adjusted PAT by 48%.
The management called the moderation momentary due to a shift from EPC to equipment supply, and expects recovery from H2FY27. It maintained revenue growth guidance of 70, 75% YoY and Ebitda margin of 20, 22%. JM Financial noted a corporate restructuring to create a vertically integrated renewable energy ecosystem and suggested 'Add' with a target of Rs 88. MOFSL set a target of Rs 92.
The Indian Opinion
The narrative that Inox Wind's quarterly dip signals a long-term decline is overblown, but so is blind faith in management's 70% growth guidance. Both sides ignore that the company is mid-restructuring, moving from EPC to equipment supply. The real test is whether the Wind World India integration and transition can deliver the promised H2 recovery. Watch the next quarter's execution numbers, not the stock price gyrations.
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
