Inox Green Energy Services Ltd Reports Impressive 55% PAT Growth in Q1 FY2024

Inox Green Energy Services Ltd announced a 55% increase in consolidated profit after tax (PAT) for Q1 FY2024, reaching Rs 4.14 crore. This is up from Rs 2.67 crore in the same period last year. The company, a subsidiary of Inox Wind Limited, reported a total income of Rs 54.72 crore for the quarter.

In a significant financial milestone, Inox Green Energy Services Ltd announced on Friday a 55 per cent rise in consolidated profit after tax (PAT), amounting to Rs 4.14 crore for the June 2024 quarter. This growth marks a substantial increase from Rs 2.67 crore reported in the same quarter of the previous financial year.

The firm's total income for the reporting quarter was recorded at Rs 54.72 crore, a slight decrease from Rs 58.31 crore a year earlier. Despite this dip in total income, the company's PAT exhibited robust growth, pointing towards improved profitability and cost efficiency.

A subsidiary of Inox Wind Limited, Inox Green Energy Services Ltd specializes in providing wind energy solutions across India. Their client base includes independent power producers, utilities, public sector units, and corporate investors.

(With inputs from agencies.)