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Home » Finance » Inox Wind consolidated net loss of Rs.39 crore in Q1FY18, vs net profit of Rs. 11.8 crore in Q1FY17

Inox Wind consolidated net loss of Rs.39 crore in Q1FY18, vs net profit of Rs. 11.8 crore in Q1FY17

Inox Wind standalone revenue for the quarter came in at Rs. 105.9 crore, registering 75.6% yoy decline.

EBITDA for the quarter reported loss of Rs. 13.42 crore vs EBITDA profit of Rs.45.5 crore in corresponding quarter previous year

Further poor operating performance led to net loss of Rs.39 crore in Q1FY18 vs net profit of Rs.11.81 crore in Q1FY17.

The company sees this as a temprory downtrurn caused due to change in FIT based market regime to auction based  market regime. Also, it sees order inflows to pick up in coming quarters. The company is highly optimistic about robust growth by FY19.

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