Indowind Energy reported a phenomenon drop in standalone net profit for the quarter ended December 2010.

During the quarter, the profit of the company declined 58.52% to INR 12.57 million from INR 30.31 million in the same quarter previous year.

The company’s net sales for the quarter for the quarter rose 5.79 times to INR 298.73 million, while total income for the quarter jumped 3.65 times to INR 311.75 million, when compared with the prior year period.