Electric Utilities company Inox Wind announced Q2FY25 results Strongest Q2 financial performance in 8 years. Revenue up 93% YoY; EBITDA up 171% YoY; highest quarterly PAT at Rs 90 crore since Q3FY17. 140 MW execution in Q2 FY25, up 82% YoY; 280 MW execution in H1FY25, up 96% YoY. Largest ever orderbook at ~ 3.3 GW; FY25 order inflows stand at ~1.2 GW with a strong order pipeline. Inox Wind’s balance sheet has achieved net cash status. H1FY25 operational cash flow turns positive. Net interest expense stood at Rs 28 crore excluding one time charges of ~ Rs 6 crore (consortium formation charges etc.) and interest income; expect significant reduction in interest expense from Q3FY25 onwards. Subsidiary Resco Global raised Rs 350 crore equity capital from marquee investors for a single digit dilution; Resco is expanding beyond EPC and purchasing cranes for captive requirements as well as to be rented out to third parties. Inox Wind signed a consortium agreement with banks for ~ Rs 2,200 crore, largely non-fund based (BGs & LCs). These limits have been sanctioned on the financial strength of IWL’s balance sheet and without the requirement of any corporate guarantees or any other support from Gujarat Fluorochemicals Ltd. Result PDF