Shares of wind power solutions provider Inox Wind today soared over 8 per cent after the company reported a 77.5 per cent rise in consolidated net profit for the quarter ended March 31.
Boosted by the encouraging numbers, the stock rallied 8.25 per cent to Rs 261.75 on BSE.
At NSE, it surged 8.19 per cent to Rs 261.35.
Inox Wind on Friday reported a 77.5 per cent rise in consolidated net profit to Rs 209.2 crore for the quarter ended March 31, 2016.
The company had posted a net profit of Rs 117.8 crore in the year-ago period, it had said in a BSE filing.
Consolidated income from operations during January-March increased to Rs 1,828.65 crore over Rs 930.05 crore in the year-ago period.
The company achieved highest-ever annual installations by commissioning projects with a cumulative capacity of 786 mw during FY16.
