Inox Green Energy Reports Mixed Q4 Results Amid Declining Profit and Sales Growth

Inox Green Energy Services has recently reported its financial results for the quarter ending December 2024, revealing a mixed landscape in its performance metrics. The company has experienced an adjustment in its evaluation, with its score reflecting a notable shift over the past three months.
On a positive note, Inox Green's debt-equity ratio stands at a low 0.09 times, indicating a consistent reduction in borrowing relative to equity capital over the last five half-year periods. Additionally, net sales reached Rs 61.13 crore, marking the highest figure in the last five quarters, suggesting a favorable near-term sales trend.

Conversely, the company faces challenges, particularly in its profit after tax (PAT), which has seen a significant decline to Rs 4.44 crore, down 40.6% from the average of the previous four quarters. Furthermore, both the inventory turnover ratio and the debtors turnover ratio have reached their lowest points in five half-year periods, indicating a slowdown in the pace of selling inventory and settling debts, respectively. The reliance on non-operating income, which constitutes 110.21% of profit before tax, raises concerns about the sustainability of its business model.

In summary, Inox Green Energy Services is navigating a complex financial landscape, with both strengths and weaknesses evident in its recent performance metrics.

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