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HomeMarketStocksSuzlon Energy Q2 Results: Firm posts profit at Rs 56 crore

Suzlon Energy Q2 Results: Firm posts profit at Rs 56 crore

Mumbai: Suzlon Energy on Thursday posted a consolidated web revenue of Rs 56.47 crore within the September quarter, on the again of upper revenues.

Within the year-ago interval, the corporate had posted a web lack of Rs 12.40 crore.

In the course of the quarter, whole revenue rose to Rs 1,442.58 crore, up from Rs 1,361.62 crore in the identical interval a yr in the past.

Girish Tanti, Vice Chairman of

Group, stated, “as trade leaders, we’re absolutely outfitted to leverage the tailwinds of the sector from a place of energy as demonstrated by our profitable rights challenge, constantly enhancing efficiency, a powerful order ebook and our relentless debt discount endeavours.”

Himanshu Mody, Chief Monetary Officer of Suzlon Group, stated the corporate has decreased debt by Rs 583.50 crore by means of the rights challenge proceeds.

““We have now closed a really satisfying Q2 regardless of numerous challenges. Whereas we proceed to point out enchancment in our efficiency, the spotlight for us has been the order consumption in current months,” stated Ashwani Kumar, Chief Govt Officer of Suzlon Group, including that whereas the order-book stood at 759 MW as on thirtieth September 2022, the corporate has subsequently added new orders of practically 193 MW.

On the finish of September, the corporate’s web debt was Rs 2,722 crore.

The corporate’s scrip ended at Rs 8.30 a chunk, up 0.97% on the BSE Thursday.

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