Suzlon Energy has announced its September quarter result. The company has posted net loss of Rs 19.39 crore as against loss of Rs 89.05 crore, year-on-year, YoY.
It sales turnover of Rs 1,943.57 crore versus Rs 1,069.51 crore.
Mr. Tulsi R. Tanti, founder, Chairman and Managing Director - Suzlon Group, said: "We are pleased to report consistently improving performance. We have made significant progress on key strategic initiatives, including the completion of the Hansen sale, realizing about US$ 187 mn, and the continuation of the 'squeeze-out' process with REpower.
"Looking at our markets, we continue to see strong growth in India, Germany, France, UK, Canada and the offshore segment, reflected in our extremely strong US$ 6.5 bn orderbook - which saw US$ 1.78 bn of new orders over the past six months. As a Group, we see sustained momentum with our diversified geographic footprint, and a customer base primarily comprised of large utilities and IPPs."
Suzlon Group H1 FY12: Revenues Rs 9,397 crore, up 52%; EBIT Rs 588 crore versus Rs 662 crore, year-on-year, YoY.
- Gross profit margins improved to 35%
- Its PAT at Rs 108 crore/ USD 22 million, against a loss of Rs 1,281 crore / USD 256 million for H1 FY11.
