For the quarter ended December 2018, SUZLON ENERGY has … 10-Nov-20 Suzlon announces Q2 FY21 Results Pune, India: Suzlon Group, ... 14-Aug-19 Suzlon announces Q1 FY20 results Pune, India: Suzlon Group, India's largest renewable energy solutions provider, announced its first quarter results for financial year 2019-20 (Q1 FY20). Suzlon Energy on Saturday reported widening of its consolidated net loss to Rs 398.86 crore in the April-June quarter compared to the year-ago period mainly due to lower revenues.. The Power Ministry announced the extension of the waiver of interstate transmission system (ISTS) charges and losses on the supply of power generated from wind and solar sources until June 30, 2023. Earlier, Suzlon announced that it had completed restructuring its debt with the unanimous approval from its secured lenders. FY20 Q1. The company had reported a net loss of ₹3.99 billion (~$54.5 million) in Q1 of FY 2021. Suzlon Energy on Saturday reported widening of its consolidated net loss to Rs 398.86 crore in the April-June quarter compared to the year-ago period mainly due to lower revenues. Pune-based wind turbine manufacturer Suzlon Energy Limited reported a net profit of ₹6.75 billion (~$91.6 million), a turnaround from last year’s net loss of ₹7.78 billion (~$104.4 million). Read more about Suzlon Energy Q1 net loss expands to Rs 398 cr on Business Standard. Investors looking for a long run must buy Suzlon as it can show the price targets of 389.25, 416.78, and 436.03 respectively. Press Release - AGEL commissions 25 MW Solar Power Plant at Chitrakoot Uttar Pradesh Jan 11, 2021 . Traders can hold Suzlon for medium term, says Ganesha. Suzlon shares jump nearly 12% buoyed by Q1 profit. Suzlon Group, a renewable energy solutions provider, announced its financial results for the first quarter (Q1) of the financial year (FY) 2020-21. Suzlon Energy Ltd surged as much as 12.1% in trade on Monday, after the wind turbine maker posted consolidated net profit of Rs 1,047.41 cr. Its notable installations in India include: The 1064 MW Jaisalmer Wind Park in Rajasthan. Speaking on the results, VR Tanti, the chief operating officer of Suzlon, said, “The COVID-19 pandemic and the implementation of the debt restructuring which was completed on June 30, 2020, impacted our wind turbine business in Q1. NON-GAAP AS A PERCENTAGE OF REVENUE. FY20 Q2. Q1 2021 Suzlon Energy Ltd Earnings Release Monday 6th July, 2020 Q4 2020 Suzlon Energy Ltd Earnings Release Tuesday 24th March, 2020 Suzlon Energy Ltd Extraordinary Shareholders Meeting ... Suzlon Energy is scheduled to issue upcoming financial results on the following dates: Interim results are scheduled for: 2021-06-30. Despite the challenges of the COVID-19 lockdown, our operations and maintenance service (OMS) business continues to deliver good performance, and SEForge, our forging and foundry business, has also performed well. Suzlon Energy Limited Result Presentation – Q1 FY11 13th August 2010 Suzlon's contribution to the renewable energy produced in India has been incomparably great and indisputable. Track performance, allocation, dividends, and risks. 2017-18 . Suzlon Energy Quarterly Results: Get the key information of Suzlon Energy Q1, Q2, Q3 and Q4 results, previous Quarterly Results, Quarterly Earnings and comparison on Economic Times. Suzlon Q1 Result Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. 2020-21 . Get latest articles and stories on Latest News at LatestLY. According to the statement issued by the company, the term debt reduced substantially, with an interest rate of 9% per year, repayable over ten years, starting July 01, 2020. Low share price is about … Latest News | Suzlon Energy Loss Widens to Nearly Rs 399 Cr in … Suzlon Energy shares gain post Q1 results Suzlon Energy shares gained 11.4 per cent on Monday after the wind turbine manufacturer reported a profit in the first quarter. Manufacturer / Importer; Havells India Ltd. Provisional Operational update 9M FY 21 Jan 12, 2021 . All Rights Reserved. Further, its earnings before interest, taxes, depreciation, and amortization (EBIDTA) for the quarter ended June 30, 2020, were ₹910 million (~$12.43 million), and the EBIDTA margin improved to 17.7% for the same period. The company attributed this to be a result of its debt restructuring process. Tentative dates of AGM and Q1 Results FY 2020-21: ... 05.05.2021 (Wednesday) 05.05.2021 (Wednesday) Disclaimer: Details are tentative and subject to change. The company’s financials suffered due to the COVID-19 disruption as well as recent debt restructuring, SECI Issues Tender to Construct a 25 MW Solar Project at a Coal Washery in West Bengal, Government Announces Financial Sops to Boost Ethanol Production, Tender Released for Supply of 1.8 Million Multicrystalline Solar Cells, Power Finance Corporation to Raise ₹100 Billion Through Bonds Issue, US Clean Energy Industry Lost 429,300 Jobs Since February 2020 Due to COVID-19, Module Technologies and Trends Dominating the Indian Solar Market, Solar Sector Sees Broad-based Recovery, Funding Rises by 24% in 2020, EESL Issues Tender for 317,975 Solar Pumps Across India, Banking Charges, Ambiguity on Net Metering Rules Major Glitches in Gujarat Solar Policy, Chandigarh Invites Bids for 2 MW Grid-Connected Rooftop Solar Projects. R&D. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Rakesh is a staff reporter at Mercom India. Suzlon plunges on results, CEO exit Suzlon Energy on Saturday reported widening of its consolidated net loss to ₹398.86 crore in the April-June quarter compared to … However, part of the interest cost on securities issued to the lenders would keep getting charged to the statement of profit and loss in future years, which is notional. OPERATING EXPENSE. Brokerage ICICI Securities in a note said that the on-ground visits to various SEBs reinforced its believe that many of them are currently too weak to lend support to wind power. Q1 FY21 vs Q1 FY20 OPERATING EXPENSE CHANGE -4.2. pts. The 1100 MW wind park in the Kutch district, Gujarat, with plans to expand it to 2000 MW in the next four to six years. Toggle navigation ... we present the financial statements of Suzlon Energy Limited for the years gone by. 2021-20 . Stock analysis for Suzlon Energy Ltd (5SZ1) including stock price, stock chart, company news, key statistics, fundamentals and company profile. (India) Corporate Office: The Pune-based company had posted a net loss of Rs 333.87 crore in the same quarter of last fiscal. Suzlon Group, a renewable energy solutions provider, announced its financial results for the first quarter (Q1) of the financial year (FY) 2020-21. Get all the latest updates regarding quarterly, annual and yearly financial Results at BSE India. The S&P BSE Sensex plunged over 200 points in trade on Wednesday tracking muted trends observed across major global markets. By the end of 2019 Suzlon had defaulted over INR 7,300 crore approximately which included INR 6,717.44 as principal and INR 538.94 as interest. Investors can sell or short-sell Suzlon for very short term. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). 2016-17 . Total income dropped to Rs 851.09 crore compared with Rs 1,289.94 crore a year ago. Suzlon Q1 Result Blogs, Comments and Archive News on Economictimes.com FE Online - Aug 03, 2015 Suzlon Energy share price Low made is about 5.17% below the closing. © 2021 by Mercom Capital Group, LLC. 2013-14. The company is expected to post a net loss of Rs 90 cr for the quarter ended June 2012. Marg, New Delhi – 110001. Further, its earnings before interest, taxes, depreciation, and amortization (EBIDTA) for the quarter ended June 30, 2020, were ₹910 million (~$12.43 million), and the EBIDTA margin improved to 17.7% for the same period. Cadila Healthcare standalone Q1 net up 15-fold y-o-y at ₹398 crore. Wind turbine manufacturer Suzlon Group has expanded the capacity of its wind farm in Kutch, Gujarat, to 1100 megawatt (MW). FY20 Q3. Suzlon expands capacity of its wind farm in Kutch. Suzlon Energy rallies 14% as firm offers Rs 8,500 crore to lenders. 2014-15. G&A. Wind turbine maker Suzlon Energy Ltd today posted consolidated net profit of Rs 1,047.41 crore for the quarter ended on June 30. Search SEC filings. Never miss a great news story! Registered Office: 904, Surya Kiran Building, K.G. People with knowledge of the matter told Bloomberg creditors led by State Bank of India will have to take a haircut of as much as 44 per cent on Suzlon’s debt if the offer is accepted 2015-16. We have started securing new orders in Q1 and have a healthy order book of 867 MW. At an industry level, there have been several positive developments with a slew of policy announcements. Suzlon Energy slipped nearly 7% in early trade on Tuesday to hit its 52-week low of Rs 16.35 after the wind turbine maker reported a quarterly loss. Revenue at $5.702 Bn, +5.1% QoQ, +2.1% YoY. Find result date. 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