Inox Wind Energy Reports Outstanding Performance in Q2 FY25, Receives 'Hold' Rating from MarketsMOJO

Inox Wind Energy, a midcap company in the renewable energy industry, has recently declared its financial results for the quarter ending September 2024. According to the latest report, the company has shown an outstanding performance in this quarter, with a score of 38 out of 40. This is a significant improvement from the previous quarter’s score of 40.

One of the major factors contributing to this success is the company’s Profit Before Tax (PBT) less Other Income, which has grown by 2826.0% compared to the average PBT of the previous four quarters. This shows a very positive trend in the company’s near-term PBT performance. Similarly, the Profit After Tax (PAT) has also shown a significant growth of 1073.7% compared to the average PAT of the previous four quarters. This indicates a very positive trend in the company’s near-term PAT performance.

Moreover, Inox Wind Energy has also seen a steady growth in its Net Sales, with the highest recorded sales of Rs 733.01 crore in this quarter. This is a 43.5% increase compared to the average Net Sales of the previous four quarters, showing a very positive trend in the company’s near-term sales performance. Additionally, the company’s Operating Profit to Interest ratio has also improved, with the highest recorded ratio of 3.78 times in the last five quarters. This indicates the company’s ability to manage its interest payments effectively.

Furthermore, Inox Wind Energy has also generated a higher cash flow from its business operations, with the highest recorded Operating Cash Flow of Rs -367.14 crore in the last three years. This shows the company’s strong financial position and its ability to generate revenues from its operations. Additionally, the company’s Operating Profit (PBDIT) has also shown a positive trend, with the highest recorded profit of Rs 166.09 crore in the last five quarters.

Overall, Inox Wind Energy has shown a positive trend in its financial performance, with improvements in key areas such as PBT, PAT, Net Sales, and Operating Profit. This has resulted in a higher Earnings per Share (EPS) of Rs 21.29 in this quarter, indicating increasing profitability and higher returns for shareholders. Based on these factors, MarketsMOJO has given a ‘Hold’ call for Inox Wind Energy’s stock.