{"id":581081,"date":"2023-06-01T12:15:04","date_gmt":"2023-06-01T06:45:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=581081"},"modified":"2023-06-01T12:15:04","modified_gmt":"2023-06-01T06:45:04","slug":"suzlon-net-profit-at-rs-320-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/suzlon-net-profit-at-rs-320-crore\/","title":{"rendered":"Suzlon net profit at Rs 320 crore"},"content":{"rendered":"<p>Renewable energy solutions provider, Suzlon Energy reported a consolidated net profit of `320 crore during the March 2023 quarter. The company posted a loss of Rs 203 crore in the March \u201922 quarter. Suzlon reported a 30% year-on-year (y-o-y) fall in revenues to Rs 1,690 crore. A 35% y-o-y decline in expenses to Rs 1,628.39 helped the company post profits during the quarter.<\/p>\n<p>Himanshu Mody, CFP, Suzlon Group, said, their balance sheet was stronger and leaner as a result of net debt reduction to Rs 1,180 crores with the successful rights issue in FY23 playing a crucial role. The net debt in the Marc \u201922 quarter was Rs 5,796 crore. Net finance costs reduced 44% on y-o-y basis. \u201cOur consolidated FY23 PAT before exceptional items of Rs 167 crore is the highest reported by the company in six years and we turned net worth positive after a decade,\u201d Mody said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renewable energy solutions provider, Suzlon Energy reported a consolidated net profit of `320 crore during the March 2023 quarter. The company posted a loss of Rs 203 crore in the March \u201922 quarter. Suzlon reported a 30% year-on-year (y-o-y) fall in revenues to Rs 1,690 crore. A 35% y-o-y decline in expenses to Rs 1,628.39 helped the company post profits during the quarter. Himanshu Mody, CFP, Suzlon Group, said, their balance sheet was stronger and leaner as a result of net debt reduction to Rs 1,180 crores with the successful rights issue in FY23 playing a crucial role. The net [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-581081","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=581081"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581081\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=581081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=581081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=581081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}