Suzlon Group Q1 Profit Soars 300%, Revenue Rises
Jul 22, 2024 21:36
Suzlon Group's Q1 PAT nearly tripled to Rs 302 crore on strong revenue growth. The company also boasts a record order book of 3.8 GW. Read more.
Photograph: Toru Hanai/Reuters
New Delhi, Jul 22 (PTI) Suzlon Group on Monday said its profit after tax (PAT) went up almost three-fold to Rs 302 crore in the June quarter, on the back of higher revenues.
It had clocked a PAT of Rs 101 in the year-ago period, the company said in a statement.
The company's revenues also rose to Rs 2,016 crore from Rs 1,348 crore in the year-ago quarter.
"Our largest-ever order book of 3.8 GW gives us great visibility for the future," Suzlon Group Vice Chairman Girish Tanti said.
The company had a net cash position of Rs 1,197 crore as of June 30, 2024.
Pune-based Suzlon Group is one of the leading renewable energy solutions providers in the world with 20.8 GW of wind energy capacity installed across 17 countries.
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