Indowind Energy Reports December 2024 Results: Cash Reserves Rise Amid Profit Decline

Indowind Energy has recently reported its financial results for the quarter ending December 2024, revealing notable shifts in its performance metrics. The company, operating in the Power Generation/Distribution industry, has experienced a significant adjustment in its evaluation, with its score declining to -6 from a previous score of 6 over the last three months.
On a positive note, Indowind Energy's cash and cash equivalents have reached their highest level in the last six half-yearly periods, totaling Rs 25.05 crore, indicating an improvement in short-term liquidity. This aspect may provide some stability amid the challenges faced.

Conversely, the financial results highlight several areas of concern. The Profit After Tax (PAT) has decreased to Rs 0.02 crore, reflecting a substantial year-on-year decline of 75%. Additionally, net sales have also shown a downward trend, reported at Rs 7.94 crore, which is an 18.40% decrease compared to the previous year. Furthermore, the Earnings per Share (EPS) has fallen to Rs 0.00, marking the lowest level in the last five quarters, suggesting a decline in profitability and lower earnings for shareholders.

For more insights on Indowind Energy's financial trends and evaluation changes, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.