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Business EconomyPosted at: Nov 8 2024 8:27PM


Inox India profit jumps 10 pc to Rs 50 crore in Q2, revenue surges 21 pc

New Delhi, Nov 8 (UNI) Inox India on Friday reported a 10% year-on-year (YoY) rise in profit to Rs 50.1 crore for July-September quarter (Q2) of the current financial year 2024-25.
The company had posted a profit of Rs 45.5 crore in the Q2 of the previous financial year 2023-24.
Inox India's total revenue during the September quarter this year jumped 21% year-on-year to Rs 320 crore as against Rs 264.6 crore in the corresponding period of the previous financial year.
"Reflecting continued robust growth and progress in financial and operational performance, the company reported quarterly revenues of Rs 320 crore, representing a 21% increase YoY, EBITDA at Rs 77.3 crore, up by 17.7%, and profit after tax (PAT) at Rs 50.1 crore, reflecting 10% YoY growth," Inox India said in a media release.
The company reported order inflows totalling Rs 366 crore in the second quarter with total order backlog reaching the highest-ever mark of Rs 1178 crore.
Deepak Acharya, Chief Executive Officer, Inox India, said, “Building on last quarter’s outstanding performance, we are thrilled to report another period of exceptional growth and innovation. Our continued success is driven by a strong influx of orders and our proven execution capabilities, reflecting the strength of our strategies and our commitment to delivering impactful results. The momentum in our growth trajectory remains steady, with each segment making significant contributions to our overall progress."
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Tags: #Inox India profit jumps 10 pc to Rs 50 crore in Q2# revenue surges 21 pc
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