Suzlon Energy registers Rs 32.95 bn revenue in FY21
POWER & RENEWABLE ENERGY

Suzlon Energy registers Rs 32.95 bn revenue in FY21

Suzlon Energy Limited, a wind turbine manufacturer, announced a 12.34% boost in its net revenue in FY21. The company’s net income stood at Rs 32.95 billion in FY 2021 compared to Rs 29.33 billion throughout the same time the previous year.

The Pune-based company reduced its net loss by 73% to Rs 7.02 billion in FY21 from Rs 26.26 billion in the last financial year.

The firm's earnings before interest, taxes, depreciation and amortization (EBITA) also witnessed a turnaround to Rs 5.34 billion profit from a loss of Rs 8.60 billion in the previous fiscal year.

According to Suzlon, it has a worldwide wind energy capacity of over 18.8 GW. The firm has more than 12.8 GW of installations in India, which is 33% of the country’s total wind installations.

The company told the media that its net revenue stood at Rs 11.2 billion in the fourth quarter (Q4) of FY21 compared to Rs 6.43 billion in the same time the previous year, recording a 74% profit.

Its net loss in Q4 2021 narrowed over 35% down to Rs 5.3 billion in Q4 2020 from Rs 8.23 billion.

Moreover, the firm said its EBITDA also observed a turnaround in Q4 2021 to Rs 1.96 billion from a loss of Rs 3.67 billion at the same time last year.

Suzlon Group also notified it won an order from CLP India to construct a 252 MW wind power project.

The project that is in Sidhpur, Gujarat, is expected to be commissioned in 2022.

After an increase in its wind turbine generator business after debt restructuring, the firm announced a 43% boost in its net revenue in the Q3 of FY21.

Ashwani Kumar, Chief Executive Officer of Suzlon Group, said their installations were slow however, the strategic imperatives were restarting their manufacturing abilities, and an increase in commodity prices such as steel affected their profitability in India.

Image Source


Also read: Sterling & Wilson Solar incurred Rs 2.9 bn losses in FY21

Also read: NALCO Q4 results: Net profit in FY21 up 800%

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Suzlon Energy Limited, a wind turbine manufacturer, announced a 12.34% boost in its net revenue in FY21. The company’s net income stood at Rs 32.95 billion in FY 2021 compared to Rs 29.33 billion throughout the same time the previous year. The Pune-based company reduced its net loss by 73% to Rs 7.02 billion in FY21 from Rs 26.26 billion in the last financial year. The firm's earnings before interest, taxes, depreciation and amortization (EBITA) also witnessed a turnaround to Rs 5.34 billion profit from a loss of Rs 8.60 billion in the previous fiscal year. According to Suzlon, it has a worldwide wind energy capacity of over 18.8 GW. The firm has more than 12.8 GW of installations in India, which is 33% of the country’s total wind installations. The company told the media that its net revenue stood at Rs 11.2 billion in the fourth quarter (Q4) of FY21 compared to Rs 6.43 billion in the same time the previous year, recording a 74% profit. Its net loss in Q4 2021 narrowed over 35% down to Rs 5.3 billion in Q4 2020 from Rs 8.23 billion. Moreover, the firm said its EBITDA also observed a turnaround in Q4 2021 to Rs 1.96 billion from a loss of Rs 3.67 billion at the same time last year. Suzlon Group also notified it won an order from CLP India to construct a 252 MW wind power project. The project that is in Sidhpur, Gujarat, is expected to be commissioned in 2022. After an increase in its wind turbine generator business after debt restructuring, the firm announced a 43% boost in its net revenue in the Q3 of FY21. Ashwani Kumar, Chief Executive Officer of Suzlon Group, said their installations were slow however, the strategic imperatives were restarting their manufacturing abilities, and an increase in commodity prices such as steel affected their profitability in India. Image Source Also read: Sterling & Wilson Solar incurred Rs 2.9 bn losses in FY21 Also read: NALCO Q4 results: Net profit in FY21 up 800%

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?