Inox Wind shares end over 6% lower, m-cap dips by Rs 269 cr

Shares of wind turbine maker Inox Wind ended over 6 per cent lower today after the company reported an 80 per cent decline in consolidated net profit for the first quarter ended June 30.
After plunging 16 per cent to Rs 161 in intra-day trade, shares of the company finally settled at Rs 179.70, down 6.33 per cent on BSE.
On NSE, shares of the company dropped 5.84 per cent to close at Rs 180.45.
The company's market valuation declined by Rs 269.13 crore to Rs 3,987.87 crore.
In terms of volume, 4.72 lakh shares of the company were traded on BSE and over 27 lakh shares changed hands on NSE during the day.

Inox Wind on Friday reported an 80 per cent decline in consolidated net profit at Rs 11.82 crore for the quarter.

Stock exchanges remained closed yesterday on account of 'Ganesh Chaturthi'.
The firm had clocked a net profit of Rs 60.42 crore in the year-ago period, it had said in a BSE filing.
Total consolidated income of the company fell 32 per cent to Rs 435 crore in April-June quarter this fiscal from Rs 644 crore during the same quarter in 2015-16.
Its total expenses were lower at Rs 399 crore as against Rs 557 crore during the period under review.