Latest news with #IWL
Time of India
2 days ago
- Business
- Time of India
Inox Wind shares slide 3% after Q4 results, but brokerages predict 21% upside
Shares of Inox Wind on Monday slid 3.2 per cent to their day's low of ₹188.75 on the BSE despite a sharp 391 per cent rise in its consolidated Q4FY25 PAT, its highest ever, reported at ₹190.34 crore. For the quarter ended March 30, 2025, the company's net profit rose 391 per cent to ₹190.34 crore, up from ₹38.74 crore in the same quarter of the previous year, while the revenue from operations increased by 130 per cent YoY to ₹1,311 crore. Further, the company's order book also witnessed a robust growth of 21 per cent YoY to ₹3,203 crore versus ₹2,656 crore in the corresponding quarter of the previous financial year. The order book stood at 3.2 GW, as the FY25 order inflows stood at 1.5 GW. Inox 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 segment. The merger between Inox Wind Energy and IWL was also approved, while the liabilities on IWL's balance sheet were reduced by ₹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 Group.
Time of India
2 days ago
- Business
- Time of India
Inox Wind shares slide 3% after Q4 results, but brokerages predict 21% upside
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 crore. Following 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 Friday. Here are the details: Inox Wind Q4 results For 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 crore. Further, 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 year. Live Events The order book stood at 3.2 GW, as the FY25 order inflows stood at 1.5 GW. Inox 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 segment. The 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 Group. Also read: No betting on market till July; AI companies to take a couple of years to take off in India: Ajay Bagga Inox Wind share price target After the Q4 results, here's what the brokerage firms said: Nuvama: Buy | Target Price: Rs 236 Nuvama Institutional Equities has given a 'Buy' rating on Inox Wind with a raised target price of Rs 236, up from Rs 223. The 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 dilution. ICICI Securities: Buy | Target Price: Rs 230 ICICI Securities has reiterated a 'Buy' rating on Inox Wind with a revised target price of Rs 230, up from Rs 228 earlier. The 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 outlook. JM Financial: Buy | Target Price: Rs 216 JM 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. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ETMarkets WhatsApp channel )
Hans India
3 days ago
- Sport
- Hans India
Debutants Manisha, Malavika, Priyadharshini reflect on 'dream come true' after first India cap
As the Blue Tigresses faced Uzbekistan in the first of two FIFA Women's International Friendlies, three youngsters got a taste of what international football at the highest level was actually about – Manisha Naik, Malavika P, and Priyadharshini Selladurai. While Manisha and Malavika made their India debuts as part of the starting XI, Priyadharshini got her first cap when she replaced Dangmei Grace in the 74th minute. For Manisha Naik, May 30, will forever be etched in memory. 'I was really happy and proud when I got the call-up. It felt surreal. But I was also nervous, wondering how I would perform in my first match. Thankfully, the seniors supported me and helped me settle in,' she said. Her rise has been steady and impressive – seven goals for Sports Odisha in the 2022–23 Odisha Women's League, followed by a standout season with Nita FA in the 2024–25 IWL, where she netted a brace against HOPS FC. While India didn't clinch the win on her debut, Manisha's perspective remained positive. 'We tried to give our best, but the match didn't go our way. Still, we'll come back stronger. We've seen how Uzbekistan play and will use that experience to prepare better for the next game,' she said. At age 21, Malavika P from Kasargod, Kerala, is known for her pace and creativity on the wing. Her footballing journey has been one of steady rise. Starting from sub-junior levels, she worked her way in women's football in her state, even being named the Best Female Player of 2024 in Kerala, by the Kerala Football Association. Thereafter, she worked her way to Sethu FC, where she has played a crucial role in the 2024-25 season. 'There were people in my own village who criticised me for playing football, but my mother stood by me through it all. She's my strength. So is my coach and family, they've been my backbone, and it's because of their support that I'm here today,' she shared. Looking back at her international debut, she said, 'It's my first match for India, and honestly, I don't even know how to put this feeling into words. I'm just so happy and proud. It's like a dream come true. We played well, but this is football anything can happen. What matters now is that we come back stronger.' When Priyadharshini Selladurai pulled on the Indian jersey for the first time, it was more than just a personal milestone, it was a moment of pride for her village, her family, and every young girl who dares to dream. The 22-year-old midfielder from Savalakaran village in Tiruchirappalli became the first-ever player from her community to represent India at the senior level. 'It's exciting that my dream is coming true. I've been waiting for this chance to wear the India jersey and represent my country,' she said. Her football journey began back in sixth standard when her school coach, V. Muthukumar, encouraged her to pursue the sport despite societal barriers. Already a top scorer in the 2024 Kerala State League, a Khelo India representative for Tamil Nadu, and part of the IWL runners-up team with Gokulam Kerala, Priyadharshini is determined to inspire the next generation. 'I'll work hard and do my best to represent the country. I hope my story inspires more girls back home to chase their dreams, too.'
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Business Standard
20-05-2025
- Business
- Business Standard
Power generation stock soars 25% in 2 days; bounce back 94% from April low
Inox Green Energy Services share price today: Shares of Inox Green Energy Services hit an eight-month high of ₹186, surging 15 per cent on the BSE in Tuesday's intra-day, extending its previous day's rally, amid heavy volumes in otherwise a weak market. The stock is trading at its highest level since October 21, 2024. In the past two trading days, the stock price of smallcap power generation company has soared 25 per cent. It has bounced back 94 per cent from its previous month low of ₹95.65, which is also its 52-week low, touched on April 7, 2025. The stock had hit a 52-week high of ₹224.65 on September 13, 2024. At 12:30 PM, Inox Green Energy Services was trading 11 per cent higher at ₹179.45, as compared to 0.33 per cent decline in the BSE Sensex. The average trading volumes on the counter jumped over five-fold. A combined 15.58 million equity shares representing 4.24 per cent of total equity of Inox Green Energy have changed hands on the NSE and BSE. Catch Stock Market Updates Today LIVE Inox Green signs agreements for O&M of 285 MWp of solar projects On Monday, May 19, 2025, after market hours, Inox Green Energy Services announced that the company has entered into agreements to provide operations and maintenance (O&M) services for 285 MWp of solar projects of two of India's leading renewable energy companies. The projects are located across multiple sites, which are owned by the said companies. With this agreement, Inox Green's solar O&M portfolio has grown to 1 gigawatt (Gw) within a month of entering into this segment. As developers across India continue to add multi-gigawatt solar capacities every month, the management believes that through the company's expertise, credentials and tailor-made solutions for solar project O&M, Inox Green Energy is well placed to grow rapidly in this segment. Earlier, on April 30, the company has entered into an agreement to provide O&M services for 675 megawatt peak (MWp) of solar projects of one of India's leading renewable energy companies. The projects are located at sites owned by the said company across multiple states. Crisil Ratings view on Inox Green Energy Services Inox Green Energy Services handles the O&M projects of the parent, Inox Wind (IWL), post commissioning and is strategically important to IWL. IWL had a healthy net order book of around 3.2 GW as of December 31, 2024, which provides revenue visibility for the next two years, supported by policy tailwinds in the wind sector. The operating margin is expected to remain strong over the medium term, given the stable annuity-based business. 'Operating profitability is likely to sustain above 16 per cent over the medium term, backed by strong execution of the order book, mostly comprising the higher-margin 3.3-MW turbines as well as backwards integration measures, such as crane services, planned in the engineering, procurement and construction (EPC) segment. Ability to maintain profitability with an increase in scale of operations will be monitorable', Crisil Ratings said in the rationale. Crisil Ratings believes Inox Green Energy Services will continue to benefit from its strong linkages with IWL. The business risk profile will be driven by its healthy order book and growing O&M portfolio. The financial risk profile will continue to be supported by the INOX-GFL group. About Inox Green Energy Services Inox Green Energy Services is one of the major renewable power operations and maintenance (O&M) service providers in India with > 4 GW of renewable assets under management. The company is engaged in the business of providing long-term O&M services for renewable energy projects.
New Indian Express
17-05-2025
- Business
- New Indian Express
AIFF rejects Odisha FC licence, club & govt play blame game
BHUBANESWAR: Odisha FC, state's only professional Indian Super League (ISL) club, suffered a body blow after the AIFF refused to grant licence to it on Thursday. The Club Licensing Committee of AIFF concluded the evaluation process for the Premier 1 Licence for the 2025–26 season. The national body rejected the licence of Odisha FC due to multiple failures across A and B criteria. Odisha FC had a terrible Kalinga Super Cup 2025 season and faced relegation from the Indian Women's League (IWL) too. It was the runners-up in 2023-2024 but finished seventh this season. Odisha FC owner Rohan Sharma took to X to express his anguish over what he called lack of Odisha government support. 'I was aware that we were going to fail club licensing this season, Unfortunately, we have no letter from the Government granting us access to the stadium and practice ground this season,' his post stated. Sharma further said, 'Despite multiple requests both in person and letters to have a meeting to discuss the MoU, no one from the government has acknowledged or granted a meeting. I have personally went (sic) to Delhi to speak to very senior ministers to get this resolved... still nothing.' 'It feels like the government doesn't want us in Odisha which is quite sad. We have tried to be as polite and respectful to build is this perceived notion we are Pro-BJD when in reality we are so uninvolved in Indian politics. I'm an American citizen, our business is in Dubai we just have a football club in India that we are investing,' Sharma's X post stated. State Sports department sources said Odisha FC performed miserably in Kalinga Super Cup and the IWL season. To deflect criticism, the club was putting the blame on Odisha government, they said. 'Several meetings were held between Sports department and Odisha FC management for development of football ecosystem in Odisha. For the signing of MoU, the date of October 22, 2024 was fixed, but the Odisha FC management did not turn up,' department sources claimed. More than Rs 50 crore in support and all facilities were given to the club, a senior officer said adding, return on investment (ROI) was negligible. 'Not even one Odia player featured in the team,' the officer said.
