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Indowind Energy Ltd came out with superb results for the Q4FY09. The net sales of the company for the March, 2008 quarter came out to be Rs.31.91 Cr as against Rs.3.44 Cr in the same period previous year. THE PROFIT BEFORE DEPRECIATION AND TAX CAME OUT TO BE WHOPPING Rs.2.14 Cr against around Rs.99.9 lakhs  in the same period previous year.

The profit after tax (PAT) of the company for Q4FY09, came out to be Rs.92.1 lakhs against Rs.50.6 lakhs in the same period previous year. This jump in net profit is inspite of higher tax, higher depreciation and higher interest outgo.

The company recently commenced operation from a new project. The company is expected to get Carbon Credit and this will further boost the top and bottom lines of the company

Indowind Energy Ltd has recently informed that the Company have commissioned its II phase of 9 MW Wind Energy Project on March 28, 2009 at Chitradurga. With this the total capacity of Indowind Power Division is 35.65 MW (including .75 MW commissioned in TN in Mar 09) & Capacity of Asset Management Service Division is 31.26 MW. And the overall capacity under Indowind Energy Ltd as on date is 66.91 MW.

A very good stock at Rs.25, which can be purchased for a target of Rs.37–Rs.42, in the short to medium term.

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