Q3 2024 Inox Wind Ltd Earnings Call Transcript
Key Points
- Inox Wind Ltd (BOM:539083) reported a significant revenue increase of 113% YoY, reaching INR506.9 crore in Q3 FY24.
- The company achieved a positive EBITDA of INR99.5 crore in Q3 FY24, compared to an EBITDA loss of INR172.5 crore in Q3 FY23.
- Inox Wind Ltd (BOM:539083) secured a large 1,500 megawatt order from CESC, the single largest wind order ever awarded to any OEM in the country.
- The company has a robust order book of approximately 2.6 gigawatts, providing strong revenue growth visibility.
- Inox Wind Ltd (BOM:539083) has significantly reduced its debt levels and aims to achieve net debt zero status by H1 of the next financial year.
- The company faces challenges in executing turnkey projects due to the complexity and time required for project development and infrastructure setup.
- There is a significant shortage of quality BOP (Balance of Plant) service providers in the market, which could impact project execution timelines.
- The 4 megawatt turbine platform is still in the development phase and will take another two to three years before it becomes commercially available.
- The company’s ability to ramp up operations to meet the increasing demand may be constrained by the availability of cranes and other logistical challenges.
- Inox Wind Ltd (BOM:539083) has a high dependency on large orders from a few key customers, which could pose a risk if any of these customers face financial or operational difficulties.
Good evening, ladies and gentlemen, I'm Tanshia moderator for the conference call. Welcome to Inox Wind Q3 FY24 earnings conference call. (Operator Instructions) Please note that this conference is recorded. I would now like to hand over the floor to Mr. Mohit Kumar from ICICI Securities Limited. Thank you and over to you, sir.
Thank you, Tanshia. On behalf of ICICI Securities, I would like to welcome you all to the Q3 FY24 earnings call of Inox Wind Limited. Today, we have with us, Mr. Devansh Jain, Executive Director, Inox GFL Group; Mr. Kailash Lal Tarachandani, Chief Executive Officer, Inox Wind Limited; and other senior members of the management. Without much ado, I will now hand over the call to the management to start with a brief opening remarks, which will be followed by Q&A. Over to you, sir.
Good evening, everyone. Kailash Lal Tarachandani here. A very warm welcome to all to
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
