Electric Utilities company Inox Wind announced Q4FY24 results: Financial Highlights: Revenue jumps over 190% YoY to Rs 563 crore in Q4 FY24 EBITDA at Rs 140 crore, a massive jump over EBITDA loss of Rs 25 crore in Q4FY23 PAT at Rs 38 crore, a quantum jump sequentially as well as on YoY basis Robust orderbook at ~ 2.7 GW provides large future revenue growth visibility Healthy balance sheet strengthened by substantial reduction in net debt Commenting on the results, Kailash Tarachandani, CEO of Inox Wind, said, “Q4 has been a milestone quarter for the company as we successfully transitioned to 3 MW WTG supplies from 2 MW WTGs. Our EBITDA run rate in Q4 places us on a strong footing for FY25. Our debt levels have also come down drastically and we expect to be net debt free within H1 FY25. The macro tailwinds are reflected in the strong orderbook which stands at ~ 2.7 GW today. Our other initiatives including ramping up operations, strengthening our balance sheet, coupled with our large order book, will translate into higher order execution from FY25 onwards, resulting in strong growth in profitability.” Result PDF