Inox Wind posts Q1 net loss of Rs 14.16 crore

The company’s total income declined to Rs 264.53 crore in the June quarter from Rs 433.74 crore a year ago

New Delhi: Wind turbine maker Inox Wind on Friday reported a consolidated net loss of Rs 14.16 crore in June quarter, mainly due to lower revenues in the period. The company had posted a consolidated net profit of Rs 10.37 crore in June quarter last year, a BSE filing stated.

The company’s total income declined to Rs 264.53 crore in the June quarter from Rs 433.74 crore a year ago.

The company manufactures wind turbine generators and also provides related erection, procurement & commissioning (EPC) services, operations & maintenance (O&M) and common infrastructure facility services for wind mills and development of projects for wind farms, which is considered as a single business segment.

Source: PTI