You are here: Home » Companies » Results
Business Standard

Inox Wind consolidated net loss widens to 52 cr in December quarter

It had reported Rs 27.47 crore loss in the same period a year ago

Inox Wind  | Q3 results

Press Trust of India  |  New Delhi 

Inox Wind

on Friday said its consolidated net loss widens to Rs 51.97 crore in the December quarter.

It had reported Rs 27.47 crore loss in the same period a year ago.

The total income rose to Rs 209.44 crore in the quarter ended December 2020 from Rs 179.76 crore a year ago, the company said in a BSE filing.

"Considering that the group is in the business of Manufacturing of Wind Turbine Generator which falls under the Renewable Energy sector being the priority sector, the management believes that the impact of this (pandemic) outbreak on the business and financial position of the group will not be significant.

"The management does not see any risks in the group's ability to continue as a going concern and meeting its liabilities as and when they fall due," the company said.

The group is engaged in the business of manufacture of wind turbine generators and also provides related erection, procurement & commissioning (EPC) services, operations & maintenance (O&M) and common infrastructure facility services for WTGs and development of projects for wind farms, which is considered as a single business segment.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, February 12 2021. 22:37 IST