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Inox Green Energy Share Price Declines As Q4 Profit Slips Over 70%

  • Inox Green Energy Services Ltd.'s share price declined by 3.25% after its Q4 financial results showed a major drop in profit.
  • Net profit fell 73.9% to Rs 5.6 crore in Q4 from Rs 21.3 crore, while Ebitda decreased by 92.9% to Rs 81 lakh.
  • Despite a 30.4% revenue increase to Rs 68.4 crore, the Ebitda margin shrank to 1.2% from 21.8%.
  • Higher expenses in various areas and increased tax costs contributed to the decline in profit after tax for Inox Green Energy.

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