Inox Wind Q2 profit, revenue, EBITDA may surge over 50%

Inox Wind, the wind turbine generator manufacture, is likely to report spectacular performance in quarterly earnings today. According to a CNBC-TV18 poll, consolidated profit is expected to increase 52 percent year-on-year to Rs 83 crore in July-September quarter.

Revenue during the quarter may jump 56 percent to Rs 846 crore with operating profit rising 59 percent to Rs 132 crore and margin expansion of 30 basis points compared to year-ago period.

Earnings growth may be driven by a low base and strong execution. Margin growth may be slowed due to investments in substations revenues. Analysts expect forex expenses to increase due to strengthening Euro (20 percent sales in forex).