Remain invested in Suzlon Energy: Mayuresh Joshi

Mayuresh Joshi of Angel Broking told CNBC-TV18, "Looking at the ways Suzlon Energy has deleveraged by selling off Senvion, that clearly is playing out very meaningfully on the balance sheet. When you are talking about the sales volumes specifically in comparison to the first half of this year, they have actually done around 431 megawatts which is 20 percent higher than what they did in the first half of FY15. So, clearly, what you are talking about is the increasing sales volumes coming through.""You are probably looking at the government initiative of 60GW over the next few years. So, that definitely is a plus with accelerated depreciation benefits coming through, offtake increasing, cost optimisation probably taking place within the company itself. You are probably looking at the EBITDA level itself increasing, so the EBITDA itself came at around Rs 215-216 odd crore compared to a loss of Rs 180 odd crore.""The margin significantly improved to that 15-16 percent mark against the 1.5-2 percent kind of mark. So, clearly operationally, the company is on an uptrend, the numbers are indicating that the company is probably looking at profits over the next few years. So, have patience, hold on to the stock, I think you will make decent money," he said.