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

पोस्ट को फेसबुक, ट्विटर या पिंटरेस्ट पर शेयर करने के 20-20 प्वाइंट

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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:

Important Points Table:

DetailsFigures
Company NameInox Green Energy Services Ltd
Stock Opening Price₹175.15
Stock Closing Price₹168.90
Q1 Profit₹4.14 crore
Profit for the Same Quarter Last Fiscal Year₹2.67 crore
Company Revenue (This Quarter)₹54.72 crore

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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.

Also Read: Hold or Sell: Ola Electric Shares Gains 20% on Stock Market Debut – Hit Upper Circuit on First Day of Trading

FAQ

What does Inox Green Energy Services Ltd do?

Inox Green Energy is a leading company in India providing wind energy operations and maintenance services. The company offers services like WTG operations, coordination with DISCOM, management systems, predictive maintenance, and reactive maintenance.

What is the current stock price of the company?

The current stock price of the company is ₹168.94.

What is the 52-week high and low of the company’s stock?

The 52-week high of the company’s stock is ₹188, and the low is ₹60.40.

What is the market cap of Inox Green Energy Services Ltd?

The company’s market capitalization is ₹5,095.24 crore.

How much has the company’s profit increased?

The company’s profit has increased by 55%, with its net profit now at ₹4.14 crore.


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