Wind turbine maker Suzlon Energy, which returned to the black in the fourth quarter of 2010-11, is targeting to increase its total revenues by around 44 per cent to up to Rs 26,000 crore in 2011-12, a senior executive has said.
“Our revenues were around Rs 18,000 crore in 2010-11 and we are targeting them to grow in the range of Rs 24,000-Rs 26,000 crore in the next financial year,” Suzlon Chief Financial Officer Robin Banerjee said.
For 2011-12, the Pune-headquartered firm is targeting an earnings before interest and taxes to be in 7-8 per cent of the total sales, he added.
Banerjee said the company, which had an order book of Rs 30,100 crore as of May 13, will be concentrating on its established business areas in India, China, Brazil, South Africa and Latin American countries for achieving growth.
Though the company does not have any immediate plan of foraying into any newer market beyond the 32 countries it is already present in, it is looking at having a presence in the Uruguay and Peru, he said.
The company has no capital expenditure-intensive project lined-up for 2011-12 and will not be going for any fund raising either, he said.
More From This Section
Suzlon’s debt-to-equity ratio improved to 1.36:1 in fourth quarter of 2010-11 as compared to 1.50:1 in the same period previous year. For the three months ended March 31, Suzlon posted a consolidated net profit of Rs 431.59 crore as compared to a net loss of Rs 188.47 crore in the corresponding period last year.
On a yearly basis, its net loss increased to Rs 1,103.43 crore in FY 11 from the previous financial year’s Rs 982.56 crore.