Wind energy solutions provider Inox Wind on Friday reported a consolidated net loss of Rs 27.47 crore during the quarter ended December 31, 2019.
The company had posted a net profit of Rs 1.69 crore during the corresponding quarter a year ago, Inox Wind said in a BSE filing.
During the October-December 2019 period, its total income fell to Rs 179.76 crore from Rs 394.45 crore in the year-ago period.
In a statement, the company said, "It has an Ebitda (earnings before interest, tax, depreciation and amortisation) of Rs 24 crore as compared to an Ebitda of Rs 4 crore. The improvement in financial results is due to fresh supplies of WTGs (wind turbine generators) for new orders."