Wednesday, Feb 8 2023 | Time 15:21 Hrs(IST)
image
Business EconomyPosted at: Nov 10 2022 9:05PM


Suzlon Energy posts Rs 56 crore net profit in Q2

New Delhi, Nov 10 (UNI) Renewable energy firm Suzlon Energy on Thursday posted a consolidated net profit of Rs 56.47 crore for the second quarter ending September, 2022.
The company had registered a net loss of Rs 12.40 crore in the corresponding quarter of the previous financial year.
The company's revenue from operation in July-September quarter of FY23 stood at Rs 1,430.38 crore, 6.2% higher compared to Rs 1,346.51 crore in the same quarter a year ago.
Commenting on the quarterly result, Girish Tanti, Vice Chairman, Suzlon Group, said that India has recorded an installation of 164.9 GW of renewable energy as on 30th September 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.
"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.
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." he further said.
Ashwani Kumar, Chief Executive Officer, Suzlon Group, termed the quarterly numbers as very satisfying considering various challenges.
"While we continue to show improvement in our performance, the highlight for us has been the order intake in recent months," he said.
UNI NK GNK
Please log in to get detailed story.
Tags: #Suzlon Energy posts Rs 56 crore net profit in Q2
More News
Repo rate hike is in line with expectations: FICCI

Repo rate hike is in line with expectations: FICCI

08 Feb 2023 | 3:06 PM

New Delhi, Feb 8 (UNI) Federation of Indian Chambers of Commerce and Industry (FICCI) on Wednesday welcomed the decision of the Reserve Bank of India (RBI) to increase repo rate by 25 bps and said the hike was in line with the
expectations.

see more..
RBI raises repo rate by 25 bps, lowers GDP growth forecast to 6 4 pc

RBI raises repo rate by 25 bps, lowers GDP growth forecast to 6 4 pc

08 Feb 2023 | 2:52 PM

Mumbai, Feb 8 (UNI) As widely expected, the Reserve Bank on Wednesday hiked the policy repo rate by 25 basis points to 6.50 per cent, with immediate effect, in a bid to contain inflation which has been above its tolerance level.

see more..
Valentine's Day 2023: Surprise your partner with unique gifts

Valentine's Day 2023: Surprise your partner with unique gifts

08 Feb 2023 | 2:33 PM

New Delhi, Feb 8 (UNI) Valentine's Day is celebrated to express the unconditional love we have for our partner.

see more..

ElectricPe launches Free charger Management Software

08 Feb 2023 | 1:51 PM

Mumbai, Feb 8 (UNI) ElectricPe, the leading electric vehicle (EV) charging aggregation platform in India on Wednesday announced a ground-breaking industry-first move by making a Charger Management Software (CMS) freely available to all users.

see more..

Warner Music India to acquire majority stake in Divo

08 Feb 2023 | 1:51 PM

Mumbai, Feb 8 (UNI) Warner Music India said it has signed a deal to acquire a majority stake in Divo, a leading digital media and music company in India with a presence across all four South Indian language music markets.

see more..
image