Inox Green Energy Services Ltd shares gained 3% in morning trade on Monday after the company posted strong Q1 FY25 earnings. As of 9:22 AM, the shares were trading 1.79% higher at Rs 157.11.
The company reported revenue of ₹56.20 crore for the quarter ended June 2024, up 10.5% year-on-year from ₹50.86 crore in Q1 FY24. The topline growth was supported by higher operational efficiency.
Net profit witnessed a remarkable surge, climbing to ₹22.39 crore in Q1 FY25 from ₹4.15 crore in the year-ago period — an increase of 439.5% YoY. This strong bottom-line growth reflects improved cost management and better realizations.
On the other hand, operating performance showed some pressure. EBITDA fell 64% YoY to ₹6.12 crore compared to ₹16.92 crore in Q1 FY24, while the EBITDA margin contracted sharply to 10.9% from 33.3% a year earlier.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
