Suzlon Energy Q1 Results: Net profit triples to Rs 302 crore

economictimes.indiatimes.com:

Suzlon Energy on Monday reported a threefold increase in net profit for the April-June quarter of this fiscal on improved operational performance across businesses.

Net profit for the quarter came in at '302 crore, against '101 crore reported in the April-June quarter of the previous fiscal. Revenue, however, was down 7% at '2,016 crore against '2,179 crore in the June quarter of FY24.

During the quarter, Ebitda (earnings before interest, tax, depreciation, and amortisation) came in 3.6% higher at '370 crore. Ebitda margin stood at 18.4%, against 16.4% in the year-ago quarter.

«We have consistently outperformed ourselves across all performance parameters for the last several quarters. This is a good indication of our readiness to meet industry demand and leverage the tailwinds of the sector,» said Girish Tanti, vice chairman, Suzlon Group.

In a statement, the company said during the quarter it made highest-ever deliveries in seven years at 274 MW. It said it has the largest-ever order book of 3.8 GW since inception (29 years).
Himanshu Mody, CFO, Suzlon Group, said, «It is important to note that all our businesses have shown improvement in operational performance with tight control on costs, resulting in well-rounded and solid results.»