Suzlon Energy Vs Inox Wind
Suzlon Energy and Inox Wind are leading players in India’s wind energy sector, both showcasing impressive second-quarter results. Inox Wind’s net sales surged nearly 100%, transforming last year’s loss into a profit of ₹90 crore. Meanwhile, Suzlon’s net profit jumped to ₹201 crore, highlighting robust quarterly performance for both firms.
Second Quarter Results
Inox Wind’s net sales rose by 97.56% year-on-year to ₹732.24 crore, with a significant turnaround in profitability. Suzlon Energy also excelled, doubling its net profit and achieving a 48% revenue increase to ₹2,093 crore.
About Order Book and Manufacturing Capacity
The competition is heating up as both companies expand their order books. Inox Wind has secured orders totaling 1.2 GW, adding to a backlog of 3.3 GW, while Suzlon boasts an impressive order book of 5.1 GW. Suzlon leads as India’s largest domestic producer with a capacity of 3,600 MW, compared to Inox Wind’s current capacity of 800 MW, which it aims to double.
Financial Performance and Future Prospects
Inox Wind recorded an operating profit margin of 18.60%, outperforming Suzlon’s 16.40%. However, Suzlon’s profit for 2024 soared to ₹660 crore. Inox Wind shares trade at a P/E ratio of 381.99, while Suzlon’s stands at 106.18. Both companies plan to enhance their offerings and expand manufacturing capabilities.
What Was the Market Reaction?
Despite a recent decline, Inox Wind shares are trading at ₹208, while Suzlon shares are at ₹67 following a 5% drop. Both remain key players in India’s renewable energy landscape, but investors should approach with caution amid market volatility.
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Summary at glance
Suzlon Energy and Inox Wind are major competitors in India’s wind energy sector, both reporting significant growth in their second-quarter results. Inox Wind’s net sales surged by 97.56%, leading to a profit of ₹90 crore, while Suzlon’s net profit rose to ₹201 crore. Suzlon boasts a robust order book of 5.1 GW compared to Inox’s 1.2 GW. Despite recent share price fluctuations, both companies remain strong players in the renewable energy market, with distinct future growth strategies.
Superfast News Coverage by DelhiBreakings.com team.
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