Inox Wind share price saw a rise of more than 14 per cent on NSE to a touch a high of Rs 202.85 in today’s trading session. Today is the scheduled date for the Annual General Meeting of the Company.
Earlier on 2nd September 2016, the Company announced its financial results for the quarter ended 30th June 2016.
As per the press release, the Company posted a net sales/ Income from operations of Rs 37,412 lacs for Q1FY17 against Rs 58,734 lacs for Q1FY16. The other income for the quarter under audit was reported as Rs 264 lacs. Therefore, the total income from operations for the quarter ended 30th June 2016 was Rs 39,676 lacs, showing a quarter on quarter decline from Rs 58,940 lacs for Q1FY16.
The net profit for the period saw a drastic fall on a quarterly basis. For the quarter ended 30th June 2015 the net profit was Rs 6,882 lacs which dropped to a significant low of Rs 1,811 lacs for the quarter ended 30th June 2016.
As a result of the disappointing Inox Wind share price took a huge dip on the earlier trading sessions post the announcement of the Q1 results. However, the share price picked up heavily in today’s trading session.
Inox Wind share price is currently trading at Rs 200.05 apiece on NSE, up by 12.80 per cent. A total of 22,81,141 shares of the Company have been traded on the counter of NSE in today’s trading session.
Inox Wind is one of the Top 500 shares of the Dynamic levels list. Stay updated on the most important support and resistance levels of the share at Inox Wind share price forecast.
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