Focused evidence
▸ Other Q&A (0)
▸ Prepared remarks (2 blocks)
On a consolidated basis for the quarter, Inox Wind reported revenue of INR<strong>994 crore</strong>s for Q3 FY '25 versus INR507 crores in Q3 FY '24, which is an increase of 96% Y -o-Y. EBITDA for the quarter was INR290 crores - versus INR99 crores in Q3 FY '24, which is an increase of 192% Y-o-Y, which is the highest ever Q3 EBITDA in Inox Wind's history. Profit after tax came at INR112 crores in Q3 FY '25, which is also the highest ever profit for Q3 in the company's history versus INR2 crores in Q3 FY '24.
Inox Wind's credit ratings for our short -term bank facilities have been upgraded by two rating agencies to their highest ratings possible. Additionally, our long-term ratings have also been upgraded to A+ with a stable outlook.
In quarter 3, we have been able to improve our execution to 189 megawatts despite the on -ground project execution-related challenges.
I'm happy to announce that we will commission our nacelle manufacturing unit, operationalize our initial few cranes and commence our transformer manufacturing lines, all within quarter 4 FY '25.
Given our large and well-diversified order book of 3.3 gigawatts and the multiple negotiation and bids for new orders, we are very confident of achieving our FY '26 guidance, which should be reflected in our quarter 4 FY '25 performance.
Our group's latest venture into solar manufacturing through Inox Solar will create substantial synergistic benefits for Inox Wind.
In the current financial year, around 15.5 gigawatts of wind -related tenders have been awarded, including 13.6 gigawatts of hybrid/RTC/FDRE and 1.8 gigawatts of plain vanilla wind.