Suzlon Energy Limited reported that its consolidated net profit more than doubled to INR 78.28 crore during the December 2022 quarter, mainly due to reduced expenses. The company had clocked a net profit of INR 36.77 crore during the October-December quarter of preceding fiscal, Suzlon Energy said in a regulatory filing.<\/p>\n\n\n\n
Its total income however fell to INR 1,464 crore from INR 1,615 crore a year ago. The expenses stood at INR 1,386 crore in the quarter under review as against INR 1,573 crore in the year ago quarter.<\/p>\n\n\n\n
In a separate statement, Girish Tanti, Vice Chairman, Suzlon Group, said: \u201cThe 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\u2019s energy transition roadmap.\u201d Ashwani Kumar, Chief Executive Officer, Suzlon Group, said: \u201cQ3 has been a stable quarter for us. Our service business continues to do well, and our focus remains on executing our order book. 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.\u201d Pune-based Suzlon is India\u2019s largest energy solutions provider. PTI ABI HVA<\/p>\n","protected":false},"excerpt":{"rendered":"
Suzlon Energy Limited reported that its consolidated net profit more than doubled to INR 78.28 crore during the December 2022 quarter, mainly due to reduced expenses. The company had clocked a net profit of INR 36.77 crore during the October-December quarter of preceding fiscal, Suzlon Energy said in a regulatory filing. Its total income however […]<\/p>\n","protected":false},"author":1863,"featured_media":27118,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,5746],"tags":[11767,11766,11466],"class_list":["post-142944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-energy-stocks","tag-generators","tag-transformers","tag-wind-energy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":147837,"url":"https:\/\/alphastreet.com\/india\/suzlon-energy-ltd-ltd-q4fy23-results-out-revenue-drops-by-32\/","url_meta":{"origin":142944,"position":0},"title":"Suzlon Energy Ltd Ltd Q4FY23 results out, revenue drops by 32%","author":"Chirag Gupta","date":"May 31, 2023","format":false,"excerpt":"Suzlon Energy is primarily engaged in the business of manufacturing of wind turbine generators (WTGs) and related components of various capacities. Suzlon energy being a pioneer & market leader of wind energy is focused on manufacturing & OMS (Operations and Maintenance Services) of Wind Turbine Generators. 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Total Expenses for Q2FY24 of \u20b91,291.00 Crores down from \u20b91,428.00 Crores year on year,\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-26.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-26.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-26.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-26.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-26.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-26.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":158222,"url":"https:\/\/alphastreet.com\/india\/suzlon-energy-ltd-q3fy24-160-rise-in-profits\/","url_meta":{"origin":142944,"position":2},"title":"Suzlon Energy Ltd Q3FY24; 160% rise in Profits","author":"Chirag Gupta","date":"January 31, 2024","format":false,"excerpt":"Incorporated in 1995, Suzlon Energy Ltd manufactures wind turbine generators and related components Financial Results: Suzlon Energy Ltd reported Revenues for Q3FY24 of \u20b91,560.00 Crores up from \u20b91,458.00 Crore year on year, a rise of 7.0%. 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