Suzlon Energy registers Rs 32.95 bn revenue in FY21

02 Jul 2021 CW Team

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%

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%

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..