Suzlon posts revenue of Rs 725 crore for Q2 FY21
EBITDA of Rs 112 crore
image credit: https://www.suzlon.com
India's largest renewable energy solutions provider, Suzlon Group has announced its second quarter results for the financial year 2020-21 (Q2 FY21). The company's Q2 FY21 consolidated numbers indicate Revenue of Rs 725 crore, with EBITDA at Rs 112 crore, EBIT at Rs 43 crore and PAT at Rs 670 crore in Q2 FY21. Ashwani Kumar, CEO, Suzlon Group said, "Q2 of FY 21 was the first quarter post closure of our debt restructuring process.
This quarter marked the restart of our operations and entry back into the market amidst the constraints of COVID 19. I am encouraged by the financial performance of our operations and service business in these challenging times. Overall despite the ongoing challenges, I remain confident of growing momentum in the coming months''.
According to him, the government's focus on 'Aatmanirbhar Bharat' and the overall encouraging environment would pave the way for boosting the sector and attracting diverse investors. "We are particularly enthusiastic about forthcoming bids being conducted by Solar Energy Corporation of India Limited (SECI) for round the clock (RTC) renewable energy power and wind-solar-storage hybrid power procurement,'' he added.
Swapnil Jain, CFO, Suzlon Group said, "In the Q2 results we again see a clear improvement in EBIDTA over last year. Our focus on controlling operating and fixed cost as well as reduction in finance costs is reflected in our P&L performance.