Page 5 - Suzlon Energy

Suzlon Energy's net profit jumps multi-fold to Rs 2,432 cr in June quarter

Suzlon Energy posted a multi-fold rise in its net profit to Rs 2,432.55 crore in the June quarter compared to the year-ago period, helped by exceptional gains

Suzlon Energy consolidated net loss widens to Rs 205 cr in March quarter

Suzlon Energy on Wednesday reported a consolidated net loss of Rs 205.52 crore in the March quarter. The consolidated net loss of the company stood at Rs 54.25 crore in the quarter ended March 2021, according to a regulatory filing. Total income in the quarter under review rose to Rs 2,478.73 crore from Rs 1,141.15 crore in the same period a year ago. The company also reported a consolidated net loss of Rs 176.55 crore for 2021-22. The same stood at Rs 103.59 crore in the year-ago period. Total income in FY22 rose to Rs 6,603.97 crore as against Rs 3,365.59 crore in 2020-21. The company said it has successfully concluded refinancing of its debt of the State Bank of India-led existing consortium of 16 lenders with REC Limited-led consortium of two lenders. Suzlon's board has approved the re-appointment of Vinod R Tanti as the Whole Time Director & Chief Operating Officer of the company with effect from October 1, 2022 for a further period of three years, or up to September 30, ...

Suzlon Energy plans to raise about Rs 3,000 crore to refinance debt

The company is looking at refinancing in order to streamline the lenders, avail better terms from restrictions on cash usage, and bolster growth of the business

Suzlon Energy awaits shareholder approval for a third bailout package

The new lenders are bailing out the company by infusing additional funds and converting their loans worth Rs 4,100 crore into equity

Lenders agree to raise wind energy firm Suzlon Energy stake to 35%

Promoters' holding to fall to 12.7% as creditors convert loan into equity

Stocks to Watch: Indian Hotels, TCS, Dabur, Bosch, Ashok Leyland, Insurance

Insurance related stocks could see some action as the India Protection Quotient (IPQ) survey 4, stated that term insurance ownership has gone up from 36 per cent to 43 per cent in the last two years.

Suzlon Energy seeks Rs 4,200-crore bailout from govt-owned PFC, REC

The company had net debt of nearly Rs 6,405 crore as of September last year

Suzlon Energy posts net profit of Rs 37 cr in Dec quarter

Suzlon Energy has posted a consolidated net profit of Rs 37.73 crore in the December 2021 quarter mainly on account of higher revenues

Suzlon Energy reports net profit of Rs 37 crore in December quarter

The company had reported a consolidated net loss of Rs 118.06 crore in the quarter ended on December 31, 2020

Suzlon Energy reports Rs 12.40 crore net loss in September quarter

The company on Friday reported a consolidated net loss

Suzlon posts loss of Rs 79 crore, Q1 turnover at Rs 1,135 crore

India's largest renewable energy solutions provider Suzlon has reported a net loss of Rs 79 crore in the quarter ended June on a revenue of Rs 1,135 crore.In Q1 FY21, it had posted a net loss of Rs 384 crore on a revenue of Rs 513 crore.Earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled Rs 154 crore in Q1 FY22 with EBITDA margin of 13.57 per cent. Earnings before interest and taxes (EBIT) were at Rs 96 crore.Ashwani Kumar, Chief Executive Officer, said the Q1 of FY22 was impacted by second wave of Covid-19 pandemic, making it difficult to ramp up execution. Rising global demand disrupted the supply chain, impacting availability and prices across the value chain."Steep increase in steel prices by nearly 73.8 per cent in a year has adversely impacted our margins. Despite that, we are keeping our operations on track and continuing to build on the foundation that we created in FY21."Kumar said the company continues to keep a strict control on costs. The order

Suzlon Energy posts consolidated profit of Rs 3.64 crore in June quarter

Suzlon Energy has reported a consolidated net profit of Rs 3.64 crore for the quarter ended June. The company had reported a consolidated net loss of Rs 398.86 crore in the same quarter of the previous fiscal, it said in a BSE filing. Total income rose to Rs 1,148.61 crore in the quarter from Rs 528.22 crore in the same period a year ago. The company also said the agenda pertaining to the enabling resolution for issue of securities to an extent of Rs.1,000 crore has been dropped. "The Q1 of FY22 was impacted by the second wave of the Covid-19 pandemic, making it difficult to ramp up execution. Rising global demand has disrupted the supply chain impacting availability and prices across the value chain. "Steep increase in steel prices by nearly 73.8 per cent in a year has adversely impacted our margins. Despite that, we are keeping our operations on track and continuing to build on the foundation that we created in FY21. We have maintained our quarter on quarter (QoQ) performance a

Suzlon Energy loss narrows to Rs 54 cr in March quarter on higher revenues

Suzlon Energy's consolidated net loss narrowed to Rs 54.25 crore in the quarter ended March 31, 2021 mainly on the back of higher revenues.

Suzlon board okays allotment of 2.36 cr shares post conversion of bonds

Suzlon Energy on Thursday said its board has approved allotment of 2.36 crore equity shares following conversion of dollar denominated bonds.

Sebi appoints forensic auditor to vet financial statements of Suzlon Energy

Suzlon Energy on Tuesday said market regulator Sebi has appointed forensic auditor to carry out forensic audit of its financial statements.

Suzlon December quarter loss narrows to Rs 118 crore on higher revenues

Total income from operations rose to Rs 959.52 crore in the quarter under review, from Rs 672.99 crore in the same period a year ago

Suzlon Energy reports Rs 670 crore net profit in September quarter

The company had recorded a consolidated net loss of over Rs 777 crore in the quarter ended on September 30, 2019, showed a BSE filing at midnight on Tuesday

Better policies needed to tap wind potential in nine states: Tulsi Tanti

Tulsi Tanti, chairman and managing director for the company, speaks to Jyoti Mukul and Amritha Pillay, on the road ahead

Suzlon Energy reports Q1 net loss at Rs 399 cr due to lower revenues

The consolidated net loss of the company was Rs 336.88 crore in the quarter ended on June 30, 2019, a BSE filing said

Suzlon board okays issuance of NCDs worth Rs 4.4K cr under debt recast plan

The company's BSE filing read that Suzlon and its subsidiaries have recently concluded a comprehensive debt restructuring and issued various convertible and optional securities pursuant to the same