Page 7 - Suzlon Energy

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

Suzlon loss widens to Rs 834 cr in March quarter due to lower revenues

The group continued to incur losses in 2019-20 primarily due to lower volumes, high finance cost and provisions for impairment, the company said

Suzlon board okays proposals to restructure outstanding debt, bonds dues

A company official said the company's outstanding debt is close to Rs 12,500 crore, while due bonds are worth USD 172 million

Suzlon Energy's total debt at Rs 14,262 cr, includes FCCB worth Rs 1,376 cr

The company's total outstanding borrowing from banks or financial institutions is Rs 12,885.75 crore, according to a regulatory filing by Suzlon.

Suzlon Energy bondholders okay resolution plan for $172 million bonds

The company had called a meeting of bondholders on April 6 seeking their nod for resolution of the outstanding $172 million bonds.

Suzlon Energy set to get Rs 400-cr infusion through various securities

Tanti Holdings Private Limited (promoter), Shanghvi Finance Pvt. Ltd and associates will infuse capital in company

NCLT route ruled out for Suzlon Energy, lenders to set up escrow account

Barring one bank, all lenders are ready to convert more than 50% of the total debt into new debt

Suzlon Energy to offer India banks 68% haircut on debt restructure deal

The fresh proposal follows an assessment by Suzlon's rating company, on how much debt can be sustainably recast. A meeting with creditors is planned for next week, one person said