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Economic Times
3 days ago
- Business
- Economic Times
Inox Wind shares slide 3% after Q4 results, but brokerages predict 21% upside
Here are the details: Inox Wind Q4 results Live Events Inox Wind share price target After the Q4 results, here's what the brokerage firms said: Nuvama: Buy | Target Price: Rs 236 ICICI Securities: Buy | Target Price: Rs 230 JM Financial: Buy | Target Price: Rs 216 (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Inox Wind on Monday slid 3.2% to their day's low of Rs 188.75 on the BSE despite a sharp 391% rise in its consolidated Q4FY25 PAT, its highest ever, reported at Rs 190.34 this, various brokerage firms have shared their views on the company's performance, giving target prices as high as Rs 236, which is an upside potential of 21% from the stock's closing price on the quarter ended March 30, 2025, the company's net profit rose 391% to Rs 190.34 crore, up from Rs 38.74 crore in the same quarter of the previous year, while the revenue from operations increased by 130% YoY to Rs 1,311 the company's order book also witnessed a robust growth of 21% YoY to Rs 3,203 crore versus Rs 2,656 crore in the corresponding quarter of the previous financial order book stood at 3.2 GW, as the FY25 order inflows stood at 1.5 Wind also informed that its subsidiary Inox Green's renewables O&M portfolio surged to 5.1 GW, with a foray into the solar O&M merger between Inox Wind Energy and IWL was also approved, while the liabilities on IWL's balance sheet were reduced by Rs 2,050 crore.'Inox Wind continues to deliver strong results, reporting its highest ever quarterly profit, a testament to the efforts of the company over the past quarters. I am also delighted to announce that the Hon'ble NCLT has approved the scheme of arrangement between Inox Wind Energy and Inox Wind, which further fortifies Inox Wind's balance sheet. With the strong and favourable macroeconomic environment for the Indian renewable energy sector, our Group is well positioned to capitalise on the opportunities as one of the leaders in energy transition with our presence across wind, solar, EVs, BESS and renewable power generation,' said Devansh Jain, Executive Director of INOXGFL Institutional Equities has given a 'Buy' rating on Inox Wind with a raised target price of Rs 236, up from Rs brokerage noted that Q4FY25 execution was modest at 236MW versus an estimate of 281MW, but strong EBITDA margins of 19.9% helped cushion the revenue miss. PAT of Rs 1.9 billion met estimates, backed by a product-heavy mix. Nuvama retained its FY26/27 execution guidance of 1.2GW/2GW and noted the company's visibility supported by a 3.2GW order backlog. The firm tweaked earnings to account for lower EPC execution, adjusted margins, and amalgamation-related EPS Securities has reiterated a 'Buy' rating on Inox Wind with a revised target price of Rs 230, up from Rs 228 brokerage highlighted that Inox Wind reported a strong FY25 performance, with revenue doubling to Rs 36 billion and execution rising to 0.7GW. EBITDA tripled to Rs 8 billion. The firm has factored in the execution of 1.2GW in FY26 and 1.7GW in FY27, driven by the company's robust order book of 3.2GW, which is 4.5x FY25 execution. The company also received fresh orders of 1.5GW and introduced a target to execute 2GW in FY27, supporting a positive Financial has maintained a 'Buy' rating on Inox Wind with a target price of Rs 216. The brokerage stated that Q4FY25 revenue rose 2.4x YoY to Rs 12.8 billion due to increased execution and improved blended realisation of Rs 54 million/MW. PAT stood at Rs 1.9 billion, in line with expectations, while EBITDA margin came in at 20%, up from 19% YoY. The firm expects execution to accelerate from 705MW in FY25 to 1,150MW in FY26 and 1,750MW in FY27, projecting revenue, EBITDA, and PAT CAGR of 45%, 46%, and 55%, respectively, for FY25–28.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
26-05-2025
- Business
- Time of India
INA Solar net surges 127%, at 126cr
Jaipur: The Pink City-headquartered Insolation Energy Ltd (INA Solar), one of India's leading solar panel manufacturers, reported a consolidated revenue growth of 81% to Rs 1,333.76 crore in 2024-25, compared to Rs 737.17 crore in 2023–24. Tired of too many ads? go ad free now Net profit surged to Rs 126.19 crore in 2024-25, registering a127.50% increase from Rs 55.47 crore in the previous year. Gross margin rose by 86.44%, reaching Rs 231.79 crore, while EBITDA more than doubled to Rs 170.32 crore, up 102.35% year-on-year, the company said in a release. Commenting on the growth plans, Manish Gupta, chairman of INA, said, "INA Solar has laid out ambitious expansion plans to reach 8 GW of module capacity, 3 GW of solar cell manufacturing, and 54,000 tonne of aluminum frame production by FY 2025–27." The company manufactures technologically advanced modules, including TOPCon, Monofacial, and Bifacial variants, in its facilities equipped with AI and robotics to ensure high precision and productivity. Jaipur: The Pink City-headquartered Insolation Energy Ltd (INA Solar), one of India's leading solar panel manufacturers, reported a consolidated revenue growth of 81% to Rs 1,333.76 crore in 2024-25, compared to Rs 737.17 crore in 2023–24. Net profit surged to Rs 126.19 crore in 2024-25, registering a127.50% increase from Rs 55.47 crore in the previous year. Gross margin rose by 86.44%, reaching Rs 231.79 crore, while EBITDA more than doubled to Rs 170.32 crore, up 102.35% year-on-year, the company said in a release. Commenting on the growth plans, Manish Gupta, chairman of INA, said, "INA Solar has laid out ambitious expansion plans to reach 8 GW of module capacity, 3 GW of solar cell manufacturing, and 54,000 tonne of aluminum frame production by FY 2025–27." The company manufactures technologically advanced modules, including TOPCon, Monofacial, and Bifacial variants, in its facilities equipped with AI and robotics to ensure high precision and productivity.
Time of India
26-05-2025
- Business
- Time of India
Andhra Pradesh leads solar manufacturing push, Jupiter plans ₹2,700 cr facility
Jupiter Renewables will invest ₹2,700 crore to set up a solar cell manufacturing plant in Andhra Pradesh, becoming the third company to establish operations in the state, which is rapidly positioning itself as a leader in solar module and cell production. Jupiter Renewables, a subsidiary of Kolkata-based Jupiter International, plans to set up a 4.8 gigawatt (GW) solar photovoltaic (PV) cell and 1.5 GW module manufacturing facility at Rambilli in Anakapalli district, with an investment of ₹2,700 crore, according to state government's Industries & Commerce Department order approving the investment. The project will be set up in two phases (Phase-1 ₹1,504 crore and Phase-2 ₹1,196 crore), which has an employment generation potential of 2,216 persons, the order said. Phase-1 comprising 2.4 GW solar PV cell and 1.5 GW solar PV module manufacturing is to be commissioned by March 2026 and Phase-2 of 2.4 GW solar cell facility will come up by July 2026, it said. Jupiter is the third company to set up a solar manufacturing base in the state, which is now challenging established leaders like Gujarat, Rajasthan, and Tamil Nadu in the arena. Since the N. Chandrababu Naidu government came to power last year, the state has witnessed a surge in investments in the renewable energy sector. Previously, Indosol had won a nod for a ₹69,000 crore investment into a vertically integrated solar PV manufacturing unit. Premier Energies is also investing in the state in two phases - first phase of 5 GW ingot and solar wafer manufacturing with an investment of ₹1,742 crores, and the second phase is 8 GW solar cell manufacturing with ₹4,200 crore investment. Industry sources said discussions are in progress with other leading solar manufacturers as well. This move aligns with the state's ambitious plans to become a renewable energy hub, aiming to attract investments worth ₹10 lakh crore and create approximately 7.5 lakh jobs in the clean energy sector. India is introducing non-tariff barriers (NTBs) to strengthen domestic solar manufacturing, particularly targeting imports from China. Key measures include mandating the use of locally made solar cells in government projects starting June 2026 and enforcing the Approved List of Models and Manufacturers (ALMM). These steps aim to expand local capacity, reduce geopolitical dependence, and enhance export potential. Andhra Pradesh is taking advantage of this upcoming import barrier and ramping up incentives for solar cell manufacturers. The order approving Jupiter's investment said the state government has extended a certain special package of incentives to the company. These include in-principal approval for allotment of 142 acres of land (Phase-1: 87 acres and Phase-2: 55 acres), at a concessional rate of ₹50 lakh per acre. Also approved were grants of tailor-made incentives to be disbursed over 10 years. These include 50 per cent capital subsidy on building cost, plant and machinery cost, limited to ₹1,096.98 crore, decarbonization subsidy @50 per cent with a cap of ₹118.18 crore, reimbursement of 100 per cent of stamp duty on purchase of land and land conversion charges, and reimbursement of power tariff at ₹1 per unit for 10 years from Date of Commercial Production, limited to ₹341 crore, the order added.
Time of India
26-05-2025
- Business
- Time of India
Andhra Pradesh leads solar manufacturing push, Jupiter plans Rs 2,700 cr facility
Jupiter Renewables will invest Rs 2,700 crore to set up a solar cell manufacturing plant in Andhra Pradesh, becoming the third company to establish operations in the state, which is rapidly positioning itself as a leader in solar module and cell production. Jupiter Renewables, a subsidiary of Kolkata-based Jupiter International, plans to set up a 4.8 gigawatt (GW) solar photovoltaic (PV) cell and 1.5 GW module manufacturing facility at Rambilli in Anakapalli district, with an investment of Rs 2,700 crore, according to state government's Industries & Commerce Department order approving the investment. The project will be set up in two phases (Phase-1 Rs 1,504 crore and Phase-2 Rs 1,196 crore), which has an employment generation potential of 2,216 persons, the order said. Phase-1 comprising 2.4 GW solar PV cell and 1.5 GW solar PV module manufacturing is to be commissioned by March 2026 and Phase-2 of 2.4 GW solar cell facility will come up by July 2026, it said. Ads By Google Ad will close in 30 Skip ad in 5 Skip Ad by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Incredible: The world's toughest smartwatch designed for the military Indestructible Smartwatch Undo Jupiter is the third company to set up a solar manufacturing base in the state, which is now challenging established leaders like Gujarat, Rajasthan, and Tamil Nadu in the arena. Since the N. Chandrababu Naidu government came to power last year, the state has witnessed a surge in investments in the renewable energy sector. Live Events Previously, Indosol had won a nod for a Rs 69,000 crore investment into a vertically integrated solar PV manufacturing unit. Premier Energies is also investing in the state in two phases - first phase of 5 GW ingot and solar wafer manufacturing with an investment of Rs 1,742 crores, and the second phase is 8 GW solar cell manufacturing with Rs 4,200 crore investment. Industry sources said discussions are in progress with other leading solar manufacturers as well. This move aligns with the state's ambitious plans to become a renewable energy hub, aiming to attract investments worth Rs 10 lakh crore and create approximately 7.5 lakh jobs in the clean energy sector. India is introducing non-tariff barriers (NTBs) to strengthen domestic solar manufacturing, particularly targeting imports from China. Key measures include mandating the use of locally made solar cells in government projects starting June 2026 and enforcing the Approved List of Models and Manufacturers (ALMM). These steps aim to expand local capacity, reduce geopolitical dependence, and enhance export potential. Andhra Pradesh is taking advantage of this upcoming import barrier and ramping up incentives for solar cell manufacturers. The order approving Jupiter's investment said the state government has extended a certain special package of incentives to the company. These include in-principal approval for allotment of 142 acres of land (Phase-1: 87 acres and Phase-2: 55 acres), at a concessional rate of Rs 50 lakh per acre. Also approved were grants of tailor-made incentives to be disbursed over 10 years. These include 50 per cent capital subsidy on building cost, plant and machinery cost, limited to Rs 1,096.98 crore, decarbonization subsidy @50 per cent with a cap of Rs 118.18 crore, reimbursement of 100 per cent of stamp duty on purchase of land and land conversion charges, and reimbursement of power tariff at Rs 1 per unit for 10 years from Date of Commercial Production, limited to Rs 341 crore, the order added.
Engadget
22-05-2025
- Entertainment
- Engadget
Boltgun — Words of Vengeance is Warhammer's grimdark answer to Typing of the Dead
Games Workshop, maker of the popular Warhammer 40K tabletop game, held its annual Warhammer Skulls festival today, and announced a slew of new video games, remasters and DLC for its properties. I've collected some of the more exciting announcements below. First, let's start with Space Marine 2 . In March, Games Workshop announced a sequel was already in development. At the time, the company said the new game was "likely years away from release," but it also reiterated post-launch support for Space Marine 2 would continue. Today we got an update on Space Marine 2's long awaited horde mode, called here Siege Mode. It will arrive as part of a free update slated for release on June 26. To view this content, you'll need to update your privacy settings. Please click here and view the "Content and social-media partners" setting to do so. However, that's not all. On June 10th, GW will release Space Marine — Master Crafted Edition . It's a remaster of the 2011 original developed by Relic Entertainment. The new version features updated textures and character models, with support for 4K resolutions, modernized controls and a refreshed user interface. If you've not played Space Marine , it's worth revisiting if only to hear Mark Strong voice protagonist Captain Titus. Master Crafted Edition arrives on June 10 on Xbox Series X/S and PC through Steam and GOG. Speaking of Relic, a remaster of the studio's excellent Dawn of War is also on the way. No word on an exact release date yet, but GW says Dawn of War – Definitive Edition will feature updated visuals, camera controls and a new HUD . The re-release will be compatible with mods for the existing game, and has a 64-bit code base to ensure it's playable on modern systems for years to come. To view this content, you'll need to update your privacy settings. Please click here and view the "Content and social-media partners" setting to do so. For fans of boomer shooters, there's Boltgun game on the way. It will arrive in 2026, and it's coming to Steam, Xbox Series X/S and PS5. The new game will pick up right where the first game ended, with a new non-linear single player campaign that has new enemies for players to overcome. Of course, you'll also have access to new weapons with which to vanquish the Emperor's enemies in the most cartoonishly violent way possible. In the meantime, today you can download Boltgun — Words of Vengeance , a free typing action game that will have you spelling words and phrases from Warhammer lore like "thin your paints" and "Ghazghkull." You bet I'm downloading it right now. To view this content, you'll need to update your privacy settings. Please click here and view the "Content and social-media partners" setting to do so. Last but not least, Owlcat, creator of the CRPG Pathfinder: Wrath of the Righteous , is working on a sequel to the criminally underrated Rogue Trader . The new game is adaptation of GW's Dark Heresy RPG and casts the player as the leader of an Inquisition party. It looks like Owlcat has a bigger budget this time around, which is a great sign for the project. Rogue Trader had moments where it felt like if Owlcat had the time and resources that Larian did to work on Baldur's Gate 3, it would have been every bit as popular . Again, those are just some of the announcements Games Workshop made today, so be sure to check out the Warhammer Community website to get the full story.
