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Suzlon Energy Ltd

Company details

8.72
9.29
5.43
12.19
6M Return 36.39%
1Y Return -16.94%
Mkt Cap.(Cr) 11,313.09
Volume 42,118,247
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 42,118,247

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Suzlon Energy Ltd.

Q2FY23 Quarterly Result Announced for Suzlon Energy Ltd.

Heavy electronic Equipment Suzlon Energy announced Q2FY23 results:

  • Q2FY23:
    • Revenue of Rs 1,430 crore in Q2FY23 (YoY growth of ~6.2%)
    • EBITDA (pre-Fx) of Rs 208 crore in Q2FY23 and EBITDA margins (pre-Fx) of 14.5%, YoY EBITDA (pre-Fx) growth of ~8.3%
    • PAT of Rs 56 crore in Q2FY23

Girish Tanti, Vice-Chairman, Suzlon Group, said, “India has recorded an installation of 164.9GW* of renewable energy as on September 30, 2022, reflecting a healthy recovery of the sector despite the disruptions of the pandemic and the disastrous impact of the global geo-political situations on the supply chain and commodity prices. The environment of positive policy initiatives continues, and we believe that given the commitment and will of the Indian government, the country could very well achieve 500GW of renewable energy installations by 2030. As industry leaders we are fully equipped to leverage the tailwinds of the sector from a position of strength as demonstrated by our successful rights issue, consistently improving performance, a strong order book and our relentless debt reduction endeavours.”

Ashwani Kumar, Chief Executive Officer, Suzlon Group, said, “We have closed a very satisfying Q2 despite various challenges. While we continue to show improvement in our performance, the highlight for us has been the order intake in recent months. The confidence that our customers have reposed in us has always been our driving force. In line with our commercialisation plans, we recently dispatched the first set of blades of our newly launched larger turbines in the 3MW to 3.15MW series customised for Indian wind conditions with a rotor diameter of 144mts and an increased generation of ~45% over the S120. While our order book stood at 759MW as on 30th September 2022 we have subsequently added new orders of nearly 193MW. Our service business continues to do well, and our focus for the rest of the FY remains on executing our order book.”

Himanshu Mody, Chief Financial Officer, Suzlon Group, said, “At the outset, I would like to thank all our shareholders for showing tremendous faith in Suzlon as demonstrated through our recently closed rights issue which was oversubscribed by 1.8x. This show of confidence has reinforced our commitment towards creating more value for our stakeholders.”

“The Q2 of FY23 has seen us register consistent improvement resulting in a PAT positive quarter. We have seen a healthy YoY increase on all our key parameters of revenues, RR, EBITDA and PAT. We can also see the full impact of our consistent efforts to reduce debt on our decreasing finance costs further strengthening our balance sheet. In addition to our net debt position as on September 30, 2022, which stood at Rs 2,722 crores, we have subsequently reduced our debt by Rs 583.50 crores through the rights issue proceeds.”

Result PDF

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: -1,547.92 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 17,871.26 -28,732.63
LAST 3M 35,065.84 -30,146.79
LAST 6M 57,360.50 38,576.46
LAST 12M 186,944.70 -113,961.48

INFORMATION

Stock PE (TTM)

0

Promoter Holding

14.5%

Book Value

-0.3107

ROCE

0%

ROE

0%

Description

  • Suzlon Energy Ltd. is an Indian multinational company engaged in designing, developing, and manufacturing wind turbine generators in a range of capacities. It was incorporated in 1995 with its headquarters in Pune. For the quarter ended March 2022, the company reported consolidated net sales of Rs. 2,474.74 crore, up 117.82% from Rs. 1,136 crore in March 2021. On 21 June 2022, the company’s market capitalisation stood at Rs. 7,292 crore.

    Suzlon’s share is listed on the Bombay Stock Exchange with the code 532667, and on the National Stock Exchange with the code SUZLON.

    Suzlon Energy Ltd. is present in 17 countries across Asia, Australia, Africa, America, and Europe. Its vast range of robust and reliable products is backed by its cutting-edge R&D. The wind turbine generators are infused with high-quality technology in their towers, foundations, nacelle, and blades. The company has installed around 12,330 wind turbines across six continents and has 14 world-class wind turbine manufacturing facilities in India. During FY 2021-2022, the company reported a total revenue of Rs. 6,603.97 crore, up 96.22% from the previous financial year.

    As of 31 March 2022, the company’s shareholding pattern highlighted a 15.85% stake with promoters, 8.71% stake with foreign institutional investors, 10.38% stake with domestic institutional investors, and 65.06% stake with the public. The promoter’s pledge was 88.54%.

    Mr Tulsi R Tanti is the chairman and managing director of the company and Mr Vinod R Tanti, Mr Gautam Doshi, Mr Girish R Tanti, Mr Rakesh Sharma, Mr Hiten Tambadia, Mr Himanshu Mody, and Ms Geetanjali S Vaidya are directors of the company. The auditors are Deloitte Haskins & Sells LLP. As of 31 March 2022, the company disclosed a total of 921.74 crore shares outstanding.

    On 21 June 2022, Suzlon’s share price on BSE closed at Rs. 7.43. Suzlon’s share price on NSE closed at Rs. 7.45. The 52-week high for Suzlon’s share price was Rs. 13.10, and the 52-week low for Suzlon Energy’s share price was Rs. 5.70.

    The company is a component of key indices, including Nifty 500, Nifty Smallcap 100, S&P BSE 500, and S&P BSE AllCap, among others.

    Disclaimer- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Suzlon 5 Shrimali Society, Nr Krishna Complex Navrangpura, Ahmedabad, Gujarat, 380009

Tel : 91-079-66045000
Email : investors:suzlon.com
Website : http://www.suzlon.com

Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532667
NSE Code : SUZLON
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE040H01021

ICICIdirect Suzlon Energy Ltd FAQ

You can buy Suzlon Energy Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Suzlon Energy Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 03, 2023 04:01 PM the closing price of Suzlon Energy Ltd was ₹ 9.07.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 03, 2023 04:01 PM, the market cap of Suzlon Energy Ltd stood at ₹ 11,313.09.
The latest PE ratio of Suzlon Energy Ltd as of Feb 03, 2023 04:01 PM is 0
The latest PB ratio of Suzlon Energy Ltd as of Feb 03, 2023 04:01 PM is -0.03
The 52-week high of Suzlon Energy Ltd is ₹ 12.19 while the 52-week low is ₹ 5.43

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