Inox Wind Q1 Net up 115% at Rs 50 cr

Company's total income was Rs 635.83 crore in the quarter under review compared to Rs 304.37 crore in the year-ago period

Inox Wind today reported 115 per cent increase in consolidated net profit at Rs 50.50 crore for the quarter ended June 30, 2015, against Rs 23.48 crore during the same period of the previous fiscal.

According to the statement, the company's total income from operations was Rs 635.83 crore in the quarter under review compared to Rs 304.37 crore in the year-ago period.

In a separate filing, it said that during Q1 FY16, the company continued to maintain growth momentum, leading to economies of scale and operating leverage, resulting into savings on variable and fixed costs.

Shares of the company closed at Rs 437.60 a piece, up 3.35 per cent at BSE today.