Suzlon Energy Ltd. is in limelight in Monday’s trading session as the company posted good quarterly financial results.
The company’s consolidated revenue for the quarter came in at Rs 4992.6 crore, registering 55.1% Y-o-Y increase. This was primarily driven by 44% Y-o-Y increase in revenues from wind turbine generator business.
EBITDA for the quarter fell by 47.9% Y-o-Y to Rs. 235.6 crore with a corresponding margin contraction of 934 bps.
EBITDA margin for the quarter stood at 4.7%. This margin contraction was aided by adverse movements in inventories. Read More…