News Details
Category : Company
Headline : Inox Wind Energy posts Q2 net loss of Rs 0.24 cr
Date: 03/12/2022 15:10
The company reported standalone net loss during the quarter stood at Rs 0.24 crore compared to net profit of Rs 99.94 crore in the previous year quarter.ΓΏ

Net revenue of the company declined moderately by 15.28 per cent at Rs 1.83 crore in July-September quarter of this fiscal as against Rs 2.16 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 96.24 per cent to Rs 0.63 crore from Rs 16.74 crore in year ago period.

Other Income dipped by 98.45 per cent at Rs 1.79 crore versus (Sep'21 Rs 115.42 crore).

Operating Profit surged by 108.23 per cent to Rs 1.20 crore as against Rs -14.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 109.71 per cent in September quarter.

Interest grew by 25000.00 per cent y-o-y to Rs 2.51 crore, while Taxation decreased by 17.24 per cent at Rs -0.24 crore (Sep'21 Rs -0.29 crore).