• Source:JND
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Inox Wind shares price climbed over 17% during intraday trading on the BSE and the stock reached a 52-week high of Rs 204.80 following the earnings in the June quarter. On a yearly basis, the company has come out of loss and made profits. On Monday, Inox Green Energy's stock also rose by up to 13% and the company's shares reached Rs 189.50 during intraday trading.

June quarter results

Inox Wind recently released the results for the April-June quarter of the financial year 2024-25 (Q1FY25). In the June quarter, the wind energy solution provider Inox Wind made a profit of Rs 50 crore on a consolidated basis. The company had suffered a loss of Rs 65 crore in the same quarter a year ago. Its operating profit increased by 350% to Rs 157 crore in the June quarter. It stood at Rs 35 crore in the same quarter last year. The wind energy solution provider's revenue grew by 83.18 percent year-on-year (YoY) to Rs 638.81 crore for Q1FY25.

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Brokerage firm Axis Securities gave a 'buy' call on the stock with a target price of Rs 205 per share. Nuvama Institutional Equities has also given a buy rating. The company's shares have climbed 55% so far this year YTD and 302% in a year. Last year the price of this stock was Rs 50. In the last five years, this stock has climbed over 1800%. The company's stock's 52-week high price is Rs 204.80 and its 52-week low price is Rs 46.50. The market cap of Inox Wind has reached Rs 26,375.75 crore.

Disclaimer: This is not an advice for investing. Please do take expert opinion before investing.

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