Is Suzlon turning around?

Suzlon is the world’s third largest wind turbine manufacturer and has recently won order from Germany to supply 47 turbines with a combined output of around 115 MW.

Commenting on the trend, BOA Merrill Lynch says the company’s business visibility has improved, with the group winning 214 Mw of orders in the last two weeks. Of this, 163 Mw of orders are in India, while REPower has won a 51-Mw order.  

Suzlon expects 26,000 crores Revenue in FY-12

Suzlon Energy reported profits in the fourth quarter of FY-11 giving some hopes to the investors that the worst for the company is probably over.

For the three months ended March 31, Suzlon posted a consolidated net profit of Rs 431.59 crore as compared to a net loss of Rs 188.47 crore in the corresponding period last year.

On yearly basis, its net loss increased to Rs 1,103.43 crore in FY 11 from the previous financial year’s Rs 982.56 crore.

Suzlon Energy is targeting to increase its total revenue by around 44% to Rs. 26,000 crores, and EBIT of around Rs. 2000 crores.