Suzlon Energy Ltd reports net revenue of Rs 11.35 billion in Q1 2022
POWER & RENEWABLE ENERGY

Suzlon Energy Ltd reports net revenue of Rs 11.35 billion in Q1 2022

Suzlon Energy Limited, a Pune-based renewable energy solutions provider, revealed the results for Q1 2022. The firm reported net revenue of Rs 11.35 billion, a 122% increase compared to Rs 5.31 billion during the same time last year.

The company recorded a gross profit of Rs 4.88 billion compared to Rs 3.56 billion, a 37% growth throughout the same period last year.

The net loss was Rs 794.8 million in Q1 FY 2022, compared to a Rs 3.84 billion loss in Q1 FY 2021.

The earnings before interest, taxes, depreciation and amortization (EBITDA) reached Rs 1.54 billion in Q2 FY 2022, a growth of 69% compared to Rs 910 million in Q1 2021. The EBITDA margin was at 13.6%.

Ashwani Kumar, Chief Executive Officer, Suzlon Group, said that due to the second wave of the Covid-19 pandemic, Q1 FY22 was affected, which made it challenging to grow the execution. He said that the abrupt growth in steel prices by approximately 73.8% in a year severely affected the firm's margins.

However, the renewable company is keeping track of its operations.

The company has provided turbines to more than 12.9 GW of wind installations in India, 33% of the cumulative wind energy installations, making it the biggest player in the industry.

In July 2021, the firm announced a 12.34% rise in its net revenue in FY 2021. The net revenue of the company reached Rs 32.95 billion in FY2021 as compared to Rs 29.33 billion throughout the same time last year.

Earlier, Suzlon revealed that it won an order from CLP India to establish a 252 MW wind power project. The project is located in Sidhpur, Gujarat, and is likely to be approved in 2022. The company would establish 120 units of S120-140 M wind turbine generators (WTGs), including a hybrid lattice tubular tower, with a rated capacity of 2.1 MW each.

Image Source


Also read: Suzlon Energy registers Rs 32.95 bn revenue in FY21

Suzlon Energy Limited, a Pune-based renewable energy solutions provider, revealed the results for Q1 2022. The firm reported net revenue of Rs 11.35 billion, a 122% increase compared to Rs 5.31 billion during the same time last year. The company recorded a gross profit of Rs 4.88 billion compared to Rs 3.56 billion, a 37% growth throughout the same period last year. The net loss was Rs 794.8 million in Q1 FY 2022, compared to a Rs 3.84 billion loss in Q1 FY 2021. The earnings before interest, taxes, depreciation and amortization (EBITDA) reached Rs 1.54 billion in Q2 FY 2022, a growth of 69% compared to Rs 910 million in Q1 2021. The EBITDA margin was at 13.6%. Ashwani Kumar, Chief Executive Officer, Suzlon Group, said that due to the second wave of the Covid-19 pandemic, Q1 FY22 was affected, which made it challenging to grow the execution. He said that the abrupt growth in steel prices by approximately 73.8% in a year severely affected the firm's margins. However, the renewable company is keeping track of its operations. The company has provided turbines to more than 12.9 GW of wind installations in India, 33% of the cumulative wind energy installations, making it the biggest player in the industry. In July 2021, the firm announced a 12.34% rise in its net revenue in FY 2021. The net revenue of the company reached Rs 32.95 billion in FY2021 as compared to Rs 29.33 billion throughout the same time last year. Earlier, Suzlon revealed that it won an order from CLP India to establish a 252 MW wind power project. The project is located in Sidhpur, Gujarat, and is likely to be approved in 2022. The company would establish 120 units of S120-140 M wind turbine generators (WTGs), including a hybrid lattice tubular tower, with a rated capacity of 2.1 MW each. Image Source Also read: Suzlon Energy registers Rs 32.95 bn revenue in FY21

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?