Suzlon has wind under its wings!
Suzlon Energy hit a new 52-week high today at Rs.22.25 within moments of the opening bell.
The market is obviously thrilled because it posted a turnaround for Q4Fy17. As against as loss of Rs.334 crore in previous Q4, it posted a net profit of Rs.579 crore in Q4FY17. This was on a very good 54% jump up in revenue at Rs.4999 crore. This was mainly on the back of its ability to execute projects in a timely manner.
Rationalisation of costs also helped and this was reflected in the EBITDA – it was up 184% at Rs.1033 crore with a fantastic 950 bps rise in EBITDA margin at 21%.
The company’s debt though continues to remain high at 9920 crore but has come down YoY by Rs.341 crore. Its interest outgo for Fy17 was at Rs.1199 crore v/s Rs.1206 crore in previous fiscal.
It ended the year with a consolidated net profit at Rs.839 crore, up 47%.
Total order book as at 31st March 2017 stood at 670 MW, worth Rs.4045 crore and its order intake in current Q1 till date is at Rs.411 crore.
22nd May 2017 at 12:47 pm