Inox Wind March quarter loss narrows to Rs 105 cr

NEW DELHI: Wind's consolidated net loss narrowed to Rs 105.87 crore in the March 2021 quarter, mainly on the back of higher revenues.

The company's consolidated net loss had stood at Rs 192.17 crore in the quarter ended on March 31, 2020, according to a BSE filing.

Its total income during January-March 2021 rose to Rs 295.46 crore, compared with Rs 196.74 crore in the year-ago period.

For the full financial year 2020-21, consolidated net loss widened to Rs 307.12 crore as against Rs 279.40 crore loss in 2019-20.

Total income during the fiscal stood at Rs 783.42 crore, compared with Rs 784.38 crore in 2019-20.

About the COVID-19 impact, it stated that the management believes that the impact of this outbreak on the business and financial position of the group would not be significant as at the date of approval of these financial results.

The management does not see any risks in the group's ability to continue as a going concern and meeting its liabilities as and when they fall due, it added.

The group is engaged in the business of manufacturing of wind turbine generators and related services.