December 27, 2025 04:18 am (IST)

Make this your homepage

All Finance

Christmas vandalism sparks mass arrests in Raipur; Assam acts too with crackdown on 'religious intolerance' | BJP's VV Rajesh becomes Thiruvananthapuram Mayor after party topples Left's 45-year-rule in city corporation | ‘I can’t bear the pain’: Indian-origin father of three dies after 8-hour hospital wait in Canada hospital | Janhvi Kapoor, Kajal Aggarwal, Jaya Prada slam brutal lynching in Bangladesh, call out ‘selective outrage’ | Tarique Rahman returns to Bangladesh after 17 years | Shocking killing inside AMU campus: teacher shot dead during evening walk | Horror on Karnataka highway: sleeper bus bursts into flames after truck crash, 9 killed | PM Modi attends Christmas service at Delhi church, sends message of love and compassion | Delhi erupts over lynching of Hindu man in Bangladesh; protest outside High Commission | Targeted killing sparks global outrage: American lawmakers condemn mob lynching of Hindu man in Bangladesh

Suzlon posts positive EBITDA for 3rd consecutive quarter

India Blooms News Service | | Nov 01, 2014, at 02:39 am

#Suzlon posts positive EBITDA for 3rd consecutive quarter

Pune, Oct 31 (IBNS): Wind turbine manufacturer Suzlon Group on Friday announced its results for the Q2 FY15 where it posted a positive EBITDA for 3rd consecutive quarter.

The EBITDA stood at Rs. 114 crores as against Rs. 31 crores last year.

The company reported its H1 FY 15 revenues of Rs. 9,974 crores, which is16% YoY growth.

Its H1 FY 15 gross margins improved to 32.5% from 27.3%.

Tulsi Tanti, Chairman – Suzlon Group, said: “I take pride to share that we achieved a significant milestone of 25,000 MW installations globally. The group remains focused on high growth and profitable markets and is well positioned to gain in its core markets."

"Globally, we will leverage Senvion’s leadership in off-shore technology to capitalize on the growing demand in the offshore segment. The Indian market has witnessed a positive impact of the government’s thrust on clean energy and policy reforms. We have launched new products and will continue to invest in technology to provide clean and affordable energy for all," Tanti said.

Kirti Vagadia, Group Head of Finance, said: “We achieved a positive EBITDA in first half which is historically lower than the second half. We have improved our gross margin by 500 basis points in H1 FY15, primarily due to better product and market mix. We continue to optimize our working capital to improve our operational performance.“

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am

In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm