Inox Wind soars as company reports 75% jump in Q4 net profit

NEW DELHI: Shares of Inox Wind ended higher by 3.31 per cent on Monday after the company said its net profit in the quarter ending March 31, 2016 rose by 77.5 per cent to Rs 209.2 crore.

The company had a reported net profit of Rs 117.8 crore.

Reacting to the development, the scrip gained 8.25 per cent to hit a high of Rs 261.75 on the BSE. The stock has slumped 28 per cent in the year so far.

The consolidated income from operations during the January-March quarter increased to Rs 1,828.65 crore, over Rs 930.05 crore in the year-ago period.

Sales for the quarter were 328 MW and the full-year sales were 826 MW. The company achieved its highest ever annual installations by commissioning projects with a cumulative capacity of 786 MW during FY 2015-16.