Shares of Inox Green Energy Services Limited dropped over 2% in morning trade after the company announced its financial results for the fourth quarter of the fiscal year. Despite a rise in revenue, profitability metrics showed a sharp decline, weighing on investor sentiment. As of 9:44 AM, the shares were trading 2.27% lower at Rs 179.35.
In the fourth quarter, the company reported a year-on-year increase in consolidated revenue, rising to ₹68.4 crore from ₹52.4 crore. However, this top-line growth was overshadowed by a steep fall in operating profit. EBITDA came in significantly lower at ₹81 lakh, compared to ₹11.5 crore in the same quarter last year. As a result, EBITDA margin shrank to 1.2% from 21.8%, indicating pressure on operating efficiency.
The net profit also declined sharply, falling to ₹5.6 crore from ₹21.3 crore, reflecting a year-on-year drop of nearly 74%.
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