Suzlon Energy tumbles after weak Q1FY17
DSIJ Intelligence / 14 Sep 2016
Suzlon Energy announced Q1FY17 results on Tuesday. The company’s revenue decreased by 36.22 per cent to Rs 1650 crore as of Q1FY17 as compared to same period in previous financial year.
Suzlon Energy announced Q1FY17 results on Tuesday. The company’s revenue decreased by 36.22 per cent to Rs 1650 crore as of Q1FY17 as compared to same period in previous financial year. Its EBITDA too reduced by 33.72 per cent to Rs 171 crore in Q1FY17 on yearly basis. Suzlon Energy’s EBITDA margin expanded by 40 basis points to 10.4 per cent in Q1FY17 as compared to same period in previous fiscal year. The company posted net loss of Rs 212 crore in Q1FY17 against net profit of Rs 1014 crore in Q1FY16.
Suzlon Energy’s order book stands at 1205 MW valued at Rs 7657 crore as of Q1FY17. Out of its total order book, 55 per cent resulting from new products (S97 120m and S111 90m). The company’s gross debt stood at Rs 7526 crore in Q1FY17. Its rupee term debt reduced by Rs 228 crore in Q1FY17 on quarterly basis. Suzlon Energy’s net working capital in days stood at 61 days in Q1FY17 while 56 days in Q4FY16.
The share price of Suzlon Energy declined by 9.28 per cent on bourses in early trades is trading at Rs 16.15 on intraday basis.
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