Mumbai — Inox Wind Limited reported a 34% year-over-year decline in consolidated net profit for the first quarter of fiscal 2027 as weaker operating margins weighed on largely steady revenue.
The wind energy solutions provider posted consolidated net profit of Rs 64.1 crore for the quarter ended June 30, down from Rs 97.3 crore in the same period a year earlier, according to a stock exchange filing.
Revenue from operations declined 1.5% to Rs 814.1 crore from Rs 826.3 crore in the year-ago quarter.
Operating performance also weakened, with earnings before interest, taxes, depreciation and amortization falling 17% to Rs 152.5 crore from Rs 183.7 crore. EBITDA margin narrowed to 18.7% from 22.2%.
Profit before tax dropped 31.2% to Rs 94.7 crore from Rs 137.6 crore a year earlier.
Profit attributable to the company’s owners fell more sharply, to Rs 44 crore from Rs 105.9 crore. The difference was partly driven by non-controlling interests, which recorded a profit of Rs 20.1 crore compared with a loss of Rs 8.5 crore in the same quarter last year.
On a standalone basis, Inox Wind reported revenue of Rs 743.5 crore, up 3.9% from Rs 715.6 crore a year earlier. Standalone net profit, however, declined 17.5% to Rs 71.5 crore from Rs 86.7 crore, while EBITDA stood at Rs 158.7 crore.
The company also disclosed investments in six special purpose vehicles through inter-corporate deposits and bank guarantees totaling Rs 55.78 crore that remain subject to regulatory proceedings.
Inox Wind said it expects to recover the deposits and secure the release of the guarantees once the matters are resolved. (Source: IANS)
