Inox Green Energy Services Ltd reported a robust year-on-year (YoY) performance for the first quarter of FY25, driven by higher operational efficiency and improved margins.
The company’s revenue jumped to ₹56.20 crore in Q1 FY25, compared to ₹50.86 crore in the same period last year, marking a 10.5% YoY growth.
Net profit surged sharply to ₹22.39 crore in Q1 FY25 from ₹4.15 crore in Q1 FY24, reflecting an impressive 439.5% YoY increase.
However, EBITDA dropped sharply by 64% to ₹6.12 crore from ₹16.92 crore a year ago, with the EBITDA margin contracting to 10.9% from 33.3% in the same period last year.
In the meantime, Inox Green Energy Services shares ended marginally lower in Thursday’s trade, slipping 0.27% to close at ₹154.89 on the NSE. The stock opened at ₹155.61 and touched an intraday high of ₹158.90, before hitting a low of ₹151.10 during the session. In the past year, Inox Green shares have traded between a 52-week high of ₹224.65 and a 52-week low of ₹104.00.
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