Q2 2025 Inox Wind Ltd Earnings Call Transcript
Key Points
- Inox Wind Ltd (BOM:539083) reported a significant increase in revenue, reaching INR742 crores in Q2 FY25, a 93% YoY growth.
- The company achieved an EBITDA of INR189 crores in Q2 FY25, marking a 171% YoY increase.
- Inox Wind Ltd (BOM:539083) turned net cash as of September 30, 2024, indicating strong financial health.
- The company has a robust order book of 3.3 gigawatts, with expectations to exceed current execution guidance.
- Margins are expected to improve by 200 basis points, from 15% to 17%, due to factors like stopping royalty payments and backward integration activities.
- Interest expenses, although reducing, have been a concern due to past financial structuring.
- Execution challenges remain, particularly due to seasonal monsoon impacts affecting project timelines.
- The company faces competitive pressures from international players, which could impact pricing and margins.
- There is uncertainty regarding the timeline for the Resco business and its contribution to the company's financials.
- Potential risks in achieving future guidance due to market dynamics and execution capabilities.
Ladies and gentlemen, good day, and welcome to Q2 FY25 earnings conference call of Inox Wind hosted by Motilal Oswal Financial Services. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Abhishek Nigam from Motilal Oswal Financial Services. Thank you, and over to you.
Yes. Thank you so much. Good evening, everyone, and welcome to the Q2 FY25 earnings call of Inox Wind Limited. For today's call, we have with us Mr. Devansh Jain, Executive Director, Inox GFL Group; Mr. Kailash Tarachandani, group CEO, Inox Wind Limited; Mr. Akhil Jindal, Group CFO, Inox GFL Group; Mr. Rahul Roongta, CFO, Inox Wind; and other senior members of the management.
I would now hand over to the management for their initial remarks, after which we will open the floor for the Q&A session. Thank you.
Management team, I believe you are on mute mode.
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