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.