![]() On 21 June 2022, the company’s market capitalisation stood at Rs. For the quarter ended March 2022, the company reported consolidated net sales of Rs. It was incorporated in 1995 with its headquarters in Pune. is an Indian multinational company engaged in designing, developing, and manufacturing wind turbine generators in a range of capacities. In addition to our net debt position as on September 30, 2022, which stood at Rs 2,722 crores, we have subsequently reduced our debt by Rs 583.50 crores through the rights issue proceeds.” We can also see the full impact of our consistent efforts to reduce debt on our decreasing finance costs further strengthening our balance sheet. We have seen a healthy YoY increase on all our key parameters of revenues, RR, EBITDA and PAT. “The Q2 of FY23 has seen us register consistent improvement resulting in a PAT positive quarter. This show of confidence has reinforced our commitment towards creating more value for our stakeholders.” Himanshu Mody, Chief Financial Officer, Suzlon Group, said, “At the outset, I would like to thank all our shareholders for showing tremendous faith in Suzlon as demonstrated through our recently closed rights issue which was oversubscribed by 1.8x. Our service business continues to do well, and our focus for the rest of the FY remains on executing our order book.” While our order book stood at 759MW as on 30th September 2022 we have subsequently added new orders of nearly 193MW. In line with our commercialisation plans, we recently dispatched the first set of blades of our newly launched larger turbines in the 3MW to 3.15MW series customised for Indian wind conditions with a rotor diameter of 144mts and an increased generation of ~45% over the S120. The confidence that our customers have reposed in us has always been our driving force. While we continue to show improvement in our performance, the highlight for us has been the order intake in recent months. As industry leaders we are fully equipped to leverage the tailwinds of the sector from a position of strength as demonstrated by our successful rights issue, consistently improving performance, a strong order book and our relentless debt reduction endeavours.”Īshwani Kumar, Chief Executive Officer, Suzlon Group, said, “We have closed a very satisfying Q2 despite various challenges. The environment of positive policy initiatives continues, and we believe that given the commitment and will of the Indian government, the country could very well achieve 500GW of renewable energy installations by 2030. Girish Tanti, Vice-Chairman, Suzlon Group, said, “India has recorded an installation of 164.9GW* of renewable energy as on September 30, 2022, reflecting a healthy recovery of the sector despite the disruptions of the pandemic and the disastrous impact of the global geo-political situations on the supply chain and commodity prices. EBITDA (pre-Fx) of Rs 208 crore in Q2FY23 and EBITDA margins (pre-Fx) of 14.5%, YoY EBITDA (pre-Fx) growth of ~8.3%.Revenue of Rs 1,430 crore in Q2FY23 (YoY growth of ~6.2%). ![]() Heavy electronic Equipment Suzlon Energy announced Q2FY23 results: Q2FY23 Quarterly Result Announced for Suzlon Energy Ltd.
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