Wind energy major Suzlon reported a 32% fall in consolidated net profit at Rs 315 cr in it’s fourth quarterly results while the net revenue was up 85% at Rs 9120 cr.
Suzlon Q4 QUICKTAKES:
Q4 consolidated net profit down 32% at Rs 315 cr (YoY)
Q4 consolidated net revenue up 85% at Rs 9,120 cr (YOY)
Q4 net loss of Rs183 cr vs. net profit of Rs 483 cr (YoY)
Q4 net loss of Rs183 cr vs. net profit of Rs 483 CR (YoY)
Q4 loss of Rs 104 cr due to blade repair, retrofit plan
Net Sales down 25.8% at Rs 2037.02 cr vs Rs 2744.4 cr
EBITDA at Rs (-214.13) vs Rs 753.49
Order book at Rs 7,900 cr on June 25
Order book position excludes Hansen, repower
Retrofit programme 80% completed
Retrofit programme to be completed by mid-august
Wind energy sector to rebound by 2010
Suzlon Q4 HIGHLIGHTS:
Consolidated numbers not strictly comparable due to inclusion of RE Power’s numbers
Forex gain of Rs 303.15 cr on the FCCB’s
Provisioning for restoration and retrofit costs amounting to Rs 103.7 cr for Q4
MTM losses of Rs 128.68 cr for Q4
No comments yet on Hansen Stake sale
Other expenditure up 150% at Rs 835.3 cr
Interest cost up 380% at Rs 155.8 cr
Other Income up 59% at Rs 64.13 cr
Source: bloombergutv.com
