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Category :
Company
Headline :
Inox Wind posts Q2 net loss of Rs 100.35 cr
Date:
03/12/2022 15:40
The company reported standalone net loss during the quarter stood at Rs 100.35 crore as compared to net loss of Rs 50.60 crore in the previous year quarter.
Net revenue of the company declined substantially by 65.06 per cent at Rs 80.73 crore in July-September quarter of this fiscal as against Rs 231.03 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 55.03 per cent to Rs 117.09 crore from Rs 260.39 crore in year ago period.
Other Income dipped by 27.68 per cent at Rs 5.20 crore versus (Sep'21 Rs 7.19 crore).
Operating Profit surged by 23.84 per cent to Rs -36.36 crore as against Rs -29.36 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 254.37 per cent in September quarter.
Interest grew by 30.12 per cent y-o-y to Rs 59.71 crore
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