Suzlon Group Q1 Profit Soars 300%, Revenue Rises
By Rediff Money Desk, New Delhi 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.
![Suzlon Group Q1 Profit Soars 300%, Revenue Rises](https://im.rediff.com/money/2021/dec/24renewable-energy-wind.jpg)
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.
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.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.76 (+ 3.76)
- 403643100
- YES Bank Ltd.
- 25.67 (+ 3.59)
- 39175439
- Vodafone Idea L
- 15.89 (+ 0.06)
- 38020100
- Khoobsurat
- 1.56 (+ 4.70)
- 28455818
- NCL Research
- 0.91 (+ 4.60)
- 18225834
MORE NEWS
![India's Economic...](https://im.rediff.com/80-80/news/2017/nov/14creation-ai.gif)
India's Economic Survey: Robust Growth,...
India's economic survey shows strong growth but highlights concerns over inflation and...
![Mahindra...](https://im.rediff.com/80-80/money/2019/may/29logistics.jpg)
Mahindra Logistics Profit Drops 55% in Q1 FY25
Mahindra Logistics Ltd (MLL) reported a 55% decline in standalone profit to Rs 10.15...
![Mangaluru Airport...](https://im.rediff.com/80-80/money/2021/mar/18mumbai-airport.jpg)
Mangaluru Airport Passenger Traffic Rises 21% |...
Mangaluru International Airport sees a 21% surge in passenger traffic in Q1 FY24-25,...