Suzlon Energy Q1 net triples to Rs 193.6 crore

Mumbai, July 29 (UNI) Suzlon Energy Ltd has posted a net profit of Rs 193.60 crore for the quarter ended June 30, 2006 as compared to Rs 60.14 crore for the quarter ended June 30, 2005, a jump of 221.91 per cent.

Announcing the results, the company said its total income is Rs 946.70 crore for the quarter ended June 30, 2006 as against Rs 315.62 crore for the quarter ended June 30, 2005.

The Company, as part of its long-term plans of having independent manufacturing units for various components of a Wind Turbine Generator ('WTG'), has realigned its operations and has commenced sale of tubular towers through one of its wholly-owned subsidiaries.

Accordingly, the sales of WTG's for the quarter ended June 30, 2006, do not include the sale of tubular tower aggregating approximately Rs 93.45 crore, which have been sold through the wholly-owned subsidiary.

Further, the sales realizations and gross margins during the quarter ended June 30, 2006 are to that extent not comparable with the results of prior periods presented.

UNI SN GB SKB1806