Suzlon Energy reported revenue growth of 45% during the quarter to ₹5,494 crore compared to ₹3,790 crore last year.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) during the quarter grew by 67% year-on-year to ₹965 crore from ₹578 crore last year, while margins expanded to 17.6% from 15.3% in the year-ago period.
The company also reported highest-ever annual and quarterly delivery volume of 2,456 MW and 830 MW respectively. Net cash position at the end of the quarter stood at ₹2,384 crore.
“Our flagship S144 platform has already achieved ~9GW of cumulative order intake and the WTG business has delivered 55% CAGR growth over the last three years. Together, these factors position Suzlon strongly to capitalize on the large market opportunity ahead,” Suzlon Group Vice Chairman Girish Tanti said.
Shares of Suzlon Energy are off the highs of the day after the results announcement, currently trading 0.5% higher at ₹54.04. The stock is down 6% in the last one month.
