Shares of Inox Wind Ltd rose 6% to the touch a day’s excessive of Rs 148.21 on nineteenth August, after the corporate stated it had divested a stake price about Rs 175 crore in its subsidiary Inox Renewable Options Ltd. (IRSL).
Inox Wind acknowledged in a regulatory submitting that it has signed agreements, executed on 18th August, to promote 49.6 lakh fairness shares of its EPC arm, IRSL, valued at roughly Rs 7,400 crore. The stake sale, price Rs 175 crore, is anticipated to shut inside seven days.
IRSL, earlier generally known as Resco World Wind Companies, posted income of Rs 217.98 crore in FY25, contributing 6% to Inox Wind’s consolidated income. Its web price stood at Rs 935 crore, or 14% of the mother or father firm’s web price.
For Q1 FY26, Inox Wind reported a consolidated web revenue of Rs 105.8 crore, up sharply from Rs 10.3 crore a yr earlier, supported by greater different revenue and decrease finance prices. Income grew 29.2% year-over-year to Rs 826.3 crore, whereas EBITDA margin expanded to 22.2% from 21.1%.
The corporate additionally took a deferred tax cost of Rs 40 crore, reversing deferred tax belongings recognised earlier. Order consumption in the course of the quarter was 51 MW, bringing the full order ebook to three.1 GW with an execution horizon of over 24 months.
At 12:48 PM, the shares of Inox Wind have been buying and selling 2.97% greater at Rs 144.15 on NSE.
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