Inox Wind Ltd board is scheduled to meet tomorrow - 17 July 2025 - to consider rights issue of equity shares and other fundraising proposals. Inox Wind Ltd shares fell 0.6% today to Rs 163.8, extending its previous day's 6.7% fall. The stock has lost more than 7% in two days. Inox Wind has a market capitalization of 26,610 Crore.
The decision regarding the rights issue carries significant implications for Inox Wind’s capital structure and future growth prospects. A rights issue allows existing shareholders to purchase additional shares, typically at a discounted price, thereby raising capital while giving current investors the opportunity to maintain their proportional ownership in the company. The terms, including the ratio and premium, are yet to be determined, pending the board's deliberation.
From a financial standpoint, Inox Wind has demonstrated notable improvements in its performance. According to the consolidated yearly data, the company's revenue surged from Rs 1,743.23 Crore in March 2024 to Rs 3,557.15 Crore in March 2025. The net profit also saw a significant turnaround, moving from a loss of Rs -50.78 Crore in March 2024 to a profit of Rs 437.62 Crore in March 2025. The Earnings Per Share (EPS) followed a similar trend, rising from Rs -1.56 to Rs 2.77 during the same period.
Quarterly performance data reveals consistent growth in revenue and net profit. Revenue increased from Rs 527.73 Crore in March 2024 to Rs 1,274.82 Crore in March 2025. Net profit also climbed from Rs 36.72 Crore to Rs 190.34 Crore over the same period, reflecting enhanced operational efficiency and market demand.
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Revenue | 3,557.15 | 1,743.23 | 736.98 | 624.62 | 710.73 |
| Net Profit | 437.62 | -50.78 | -670.70 | -429.80 | -280.69 |
| EPS | 2.77 | -1.56 | -20.58 | -19.37 | -13.84 |
The cash flow statement reveals that the net cash flow turned positive in March 2025, with Rs 8 Crore compared to Rs -9 Crore in March 2024. This positive shift is primarily attributed to changes in operating, investing, and financing activities.
The board meeting outcome regarding the rights issue will be crucial for shareholders and potential investors, as it will determine the extent of equity dilution and the company's financial strategy moving forward. The details of the rights issue, when announced, will provide further clarity on Inox Wind's strategic direction.
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