Inox Green Energy’s Impressive Q1 Report Post-Market Close: 55% Profit Surge, Keep an Eye on the Stock this Monday

Inox Green Energy Services Ltd has reported a remarkable 55% increase in profit in its Q1 report. Released after the market closed, the company’s net profit has risen to ₹4.14 crore. The stock has also seen a 10% rise over three days, with expectations of further gains on Monday.

Highlights:

• Inox Green Energy Services Ltd profits surge by 55%.
• Stock increases by 10% in three days.
• Stock opened at ₹175.15 on the weekly closing day.
• Closing price was ₹168.90.
• Expectation of a bullish trend on Monday.

Important Points Table:

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Inox Green Energy Services Ltd’s Q1 Report

Inox Green Energy Services Ltd has recently released its Q1 report, showcasing a significant 55% rise in profits. The company’s net profit now stands at ₹4.14 crore, up from ₹2.67 crore in the same quarter of the previous fiscal year. However, the company’s revenue for this quarter has decreased to ₹54.72 crore from ₹58.31 crore in the corresponding quarter last year.

Company Overview

Inox Green Energy is a leading provider of wind energy operations and maintenance services in India. The company offers various services, including WTG (Wind Turbine Generator) operations, coordination with DISCOM (Distribution Companies), management systems, predictive maintenance, and reactive maintenance. The company’s market capitalization is ₹5,095.24 crore, and the stock price is ₹168.94. Over the past year, the company’s stock has surged by 132.45%.

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Key Points from the June Quarter

In addition to the 55% profit increase, Inox Green Energy Services Ltd’s Q1 report highlights several other key points:

• Company Revenue: This quarter’s revenue decreased to ₹54.72 crore from ₹58.31 crore in the same quarter last fiscal year.
• Stock Performance: The stock has seen a 10% increase over the last three days.
• Market Closing: On the weekly closing day, the stock opened at ₹175.15 but closed at ₹168.90.

Weekly Closing and Future Prospects

The stock witnessed a sharp decline on the weekly closing day. However, with the release of the Q1 report, there is an expectation of a bullish trend on Monday. Experts believe that the company’s strong performance and profit growth could drive the stock higher.

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