Suzlon Energy Q2 net profit dips by 95 pc

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Mumbai, Oct 31: Wind turbine manufacturer Suzlon Energy's net profit declined by 95.22 per cent to Rs 16.98 crore during the second quarter ended Sep 30, over the net profit of Rs 355.56 in the corresponding period a year ago.

The total income rose to Rs 2,234.47 crore for the quarter under review, from Rs 1,594.57 crore for the same quarter last year, the Company informed in a filing to the Bombay Stock Exchange. For the half-year ended September 30, Suzlon Energy posted a net profit of Rs 105.02 crore, a 76.39 per cent decline against the same period a year ago. Total income increased to Rs 3,707.71 crore for the six-month ended September 30, from Rs 2,534.89 crore for the same period a year ago.

As on date, Company's order book position of Rs 14,052 crore comprises of Rs 1,261 crore of domestic orders and Rs 12,791 crore of export orders. Additionally, the order book position for component business is Rs 1,080 crores, the Company said.

The above-order book positions do not include the orders of Hansen and REpower, the filing said.

Further, Suzlon Energy said its board of directors has decided to drop plans to invest in new tower manufacturing facility and accordingly the total capex plan would stand reduced by Rs 669 crore.

UNI

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