Inox Wind posts Q1 net loss of Rs 100.77 cr
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The company reported standalone net loss during the quarter stood at Rs 100.77 crore as compared to net loss of Rs 34.56 crore in the previous year quarter. Net revenue of the company rose substantially by 41.27 per cent at Rs 172.77 crore in April-June quarter of this fiscal as against Rs 122.30 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 50.90 per cent to Rs 216.00 crore from Rs 143.14 crore in year ago period. Other Income dipped by 79.41 per cent at Rs 3.86 crore versus (Jun'21 Rs 18.75 crore). Operating Profit surged by 107.44 per cent to Rs -43.23 crore as against Rs -20.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 46.83 per cent in June quarter. Interest grew by 26.44 per cent y-o-y to Rs 52.31 crore
