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Inox Wind Q3 results: Net loss widens to 52 crore

NEW DELHI: Inox Wind on Friday stated its consolidated web loss widens to Rs 51.97 crore within the December quarter.

It had reported Rs 27.47 crore loss in the identical interval a yr in the past.

The full earnings rose to Rs 209.44 crore within the quarter ended December 2020 from Rs 179.76 crore a yr in the past, the corporate stated in a BSE submitting.

“Contemplating that the group is within the enterprise of Manufacturing of Wind Turbine Generator which falls beneath the Renewable Power sector being the precedence sector, the administration believes that the influence of this (pandemic) outbreak on the enterprise and monetary place of the group won’t be important.

“The administration doesn’t see any dangers within the group’s skill to proceed as a going concern and assembly its liabilities as and after they fall due,” the corporate stated.

The group is engaged within the enterprise of manufacture of wind turbine turbines and in addition supplies associated erection, procurement & commissioning (EPC) companies, operations & upkeep (O&M) and customary infrastructure facility companies for WTGs and growth of initiatives for wind farms, which is taken into account as a single enterprise section.

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