External broker reports(aggregated public sources), Axis Direct

Axis Direct

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>FY25 was a turnaround year for Inox Wind Ltd. (IWL) with revenues more than doubling YoY and PAT standing at Rs 438 Cr (vs. a loss in FY24), while the balance sheet transitioned to a net cash position post the merger with Inox Wind Energy Ltd.</li><li>The company’s order book is now at a record high of ~3.1 GW, which provides good revenue visibility.</li><li>The commissioning of a nacelle and hub facility, backward integration into cranes and transformers, and progress on the 4.X MW platform enhance the company’s execution capability and margins. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

FY25 was a turnaround year for Inox Wind Ltd. (IWL) with revenues more than doubling YoY and PAT standing at Rs 438 Cr (vs. a loss in FY24), while the balance sheet transitioned to a net cash position post the merger with Inox Wind Energy Ltd.The company’s order book is now at a record high of ~3.1 GW, which provides good revenue visibility.The commissioning of a nacelle and hub facility, backward integration into cranes and transformers, and progress on the 4.X MW platform enhance the company’s execution capability and margins. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Axis Annual Analysis: Inox Wind - Deleveraged, Diversified, and Ready to Deliver!