SUZLON ENERGY LTD. - 532667 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In continuation to our earlier communications in the subject matter, this is to inform that the audio recording of the conference call held on 10th February 2023 has been uploaded on the website of the Company and available at the following web link: https://www.suzlon.com/NewPdf/Financial_Reports_&_Presentations/2022-23/ICI0420230210145337.mp3. Q3FY23 Quarterly Result Announced for Suzlon Energy Ltd.
Heavy Electrical equipment firm Suzlon Energy announced Q3FY23 results: Consolidated Q3FY23 results: A healthier balance sheet with significantly reduced debt. Revenue of Rs 1,449 crore in Q3FY23. EBITDA of Rs 215 crore in Q3FY23 and EBITDA margin of 14.9%. PAT of Rs 78 crore in Q3FY23, YoY PAT growth of 107.5%. Girish Tanti, Vice Chairman, Suzlon Group, said, “The beginning of 2023 has been highly encouraging for the wind energy sector with a slew of crucial policy announcements. Some of the key announcements have been the MNRE order stating that India will invite bids for 8 GW of wind projects annually from 2023 to 2030 in addition to private sector orders, initiatives in the C&I; (Commercial & Industrial) segment along with the ISTS waiver extension, discontinuation of e-reverse bidding and ensuring the participation of all eight windy states in the bidding regime. These policies will provide much needed visibility, give momentum to industrial investors and drive balanced and viable growth of the sector.” “As industry leaders, we welcome these steps, which were imperative to achieve our national targets of 500 GW of non-fossil fuel installations by 2030 and our vision of an Aatmanirbhar Bharat. I believe that Indian wind energy is equipped and on track to contribute substantially towards India’s energy transition roadmap.” Ashwani Kumar, Chief Executive Officer, Suzlon Group, said, “Q3 has been a stable quarter for us in line with our plans. Our priority going forward is pursuing quality orders with higher value and better margins. Our service business continues to do well, and our focus remains on executing our orderbook. We commissioned the first machine of our largest wind turbine series, the S144-3.x MW at Sankaneri, Tamil Nadu, in December 2022, and the early performance reports are very encouraging.” “With the consistent strengthening of our fundamentals, Suzlon is now equipped to leverage the tailwinds of the sector from a position of strength as demonstrated by our consistently improving performance and relentless debt reduction endeavours.” Result PDF
Suzlon Energy Q3 PAT more than doubles to Rs 78 cr on reduced expenses
Suzlon Energy Limited on Thursday said its consolidated net profit more than doubled to Rs 78.28 crore during the December 2022 quarter, mainly due to reduced expenses. The company had clocked a net profit of Rs 36.77 crore during the October-December quarter of preceding fiscal, Suzlon Energy said in a regulatory filing. Its total income however fell to Rs 1,464 crore from Rs 1,615 crore a year ago. The expenses stood at Rs 1,386 crore in the quarter under review as against Rs 1,573 crore in the year ago quarter. In a separate statement, Girish Tanti, Vice Chairman, Suzlon Group, said: "The beginning of 2023 has been highly encouraging for the wind energy sector with a slew of crucial policy announcements. Indian wind energy is equipped and on track to contribute substantially towards India's energy transition roadmap." Ashwani Kumar, Chief Executive Officer, Suzlon Group, said: "Q3 has been a stable quarter for us. Our service business continues to do well, and our focus remains SUZLON ENERGY LTD. - 532667 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Suzlon announces Q3 FY23 Results / Call on Q3 FY23 Results SUZLON ENERGY LTD. - 532667 - Outcome Of The Board Meeting Dated 9Th February 2023.
Outcome of the Board Meeting dated 9th February 2023. SUZLON ENERGY LTD. - 532667 - Board Meeting Outcome for Outcome Of The Board Meeting Dated 9Th February 2023.
Outcome of the Board Meeting dated 9th February 2023. SUZLON ENERGY LTD. - 532667 - Board Meeting Intimation for Board Meeting Intimation
SUZLON ENERGY LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/02/2023 ,inter alia, to consider and approve The unaudited Financial Results of the Company on Standalone and Consolidated basis for the quarter and nine months ended on 31st December 2022. SUZLON ENERGY LTD. - 532667 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018
Suzlon Energy receives shareholders' approval for top brass appointments
Suzlon Energy has received shareholders' approval to appoint Vinod R Tanti as Managing Director, Girish R Tanti as the Executive Director and Pranav T Tanti as Director. A BSE filing showed that the three resolutions to appoint Vinod Tanti as Managing Director, Girish Tanti as Executive Director and Pranav Tanti as Director are passed with the requisite majority through postal ballot. The company has sought approval from the shareholders through postal ballot notice for these appointments. These appointments appear to be a part of the process for a succession plan after the demise of its founder Chairman and Managing Director Tulsi Tanti on October 1, 2022. The shareholders at the twenty-seventh annual general meeting held on September 29, 2022, had approved the appointment of Vinod Tanti as a Wholetime Director & Chief Operating Officer of the Company from October 1, 2022, for a further term of 3 (three) years -- up to September 30, 2025. However, the notice explained that due to SUZLON ENERGY LTD. - 532667 - Voting Results Of The Meeting Of The Shareholders Of Suzlon Energy Limited Held By Way Of Postal Ballot Initiated In Terms Of Postal Ballot Notice Dated 5Th December 2022.
Voting Results of the meeting of the shareholders of Suzlon Energy Limited held by way of postal ballot initiated in terms of Postal Ballot Notice dated 5th December 2022.