Q1 2025 Inox Wind Ltd Earnings Call Transcript
Key Points
- Inox Wind Ltd (BOM:539083) reported a significant increase in revenue, rising 85% YoY to INR651 crore in Q1 FY25.
- EBITDA saw a substantial growth of 349% YoY, reaching INR157 crore in Q1 FY25.
- The company turned net cash positive with a promoter infusion of INR900 crore, strengthening its balance sheet.
- Inox Wind Ltd (BOM:539083) achieved its highest-ever quarterly financial performance, setting a strong base for future growth.
- The company has a robust order book of over 2.9 gigawatts, with strong customer demand and significant order inflows.
- 110 megawatts of capacity are awaiting grid connectivity approval, which delayed potential revenue recognition.
- Despite the strong financial performance, the company faces ongoing execution challenges, particularly in logistics.
- Interest payments remain a concern, although they are expected to decrease significantly in the future.
- The company is cautious about potential acquisitions, emphasizing prudent capital allocation to avoid overpaying.
- There is uncertainty regarding the impact of commodity price fluctuations, although the company has measures in place to mitigate this risk.
Ladies and gentlemen, good day, and welcome to Q1 FY24 earnings conference call of Inox Wind hosted by Investec Capital Services. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Anuj Upadhyay from Investec Capital Services. Thank you.
Thank you, and good evening to every one of you. On behalf of Investec Capital, I would like to welcome you all to the Q1 FY25 earnings call of Inox Wind Limited. Today, we have with us Mr. Devansh Jain, Executive Director, Inox GFL Group; Mr. Kailash Tarachandani, CEO, Inox Wind Limited; Mr. Akhil Jindal, Group CFO, Inox GFL Group, and other senior members of the management.
I will now hand over the call to the management for their initial remarks, after which we can open the floor for the Q&A. Thank you, and over to you, sir.
Hi. Good evening, everyone. This is Devansh Jain. Welcome to the Q1 FY25 earnings
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