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Suzlon Energy hits 1-year high on robust Q3 numbers

Total income of the company rose 20.3 percent at Rs 3311.4 crore versus Rs 2,752.1 crore.

February 13, 2017 / 11:56 IST
     
     
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    Moneycontrol BureauShares of Suzlon Energy touched 52-week high of Rs 19.10, rises 11 percent intraday Monday as it has posted strong numbers in the quarter ended December 2016.The company has registered 15.4 percent jump in its Q3FY17consolidated net profit at Rs 274.3 crore against Rs 237.6 crore, reported in Q2FY17.Total income of the company rose 20.3 percent at Rs 3311.4 crore versus Rs 2,752.1 crore.The company's operating profit (EBITDA) was up 15.8 percent at Rs 716.3 crore and operating margin was at 21.6 percent.The company is looking to offload stake in 130 MW project which is likely to fetch Rs 110 crore.At 11:52 hrs Suzlon Energy was quoting at Rs 18, up Rs 0.80, or 4.65 percent on the BSE.Posted by Rakesh Patil

    first published: Feb 13, 2017 11:56 am

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