Suzlon Energy Limited
NSE Symbol SUZLON
SUZLON ENERGY LIMITED has announced its Q3 FY 2011 results. The consolidated Results are available in the Table below and analyzed here.
Net Sales : is Rs.4433 cr – up by 17.53% from Q2 FY 11; Up by 84.81% from Q1 FY 11; But DOWN by 20.7% from Q3 FY 10.
Total Expenditure : is Rs.4455 Cr – up by 16.97% from Q2 FY 11; up by 44.78% from Q1 FY 11; But DOWN by 19.02% from Q3 FY 10.
Profit from Operations is Rs.39.54 cr – up from the profit of Rs.10.92 cr in Q2 FY 11; Up from a Loss of Rs.672.48 cr in Q1 FY 11; and up from a Profit of Rs.107.35 cr in Q3 FY 10. The Profit from operations is slowly rising now.
Loss before tax is Rs.221.49 cr – compared to a Loss of Rs.236.48 cr in Q2 FY 11; a loss of Rs.947.33 cr in Q1 FY 11’ and a PROFIT of Rs.79.08 cr in Q3 FY 10.
Consolidated Net Loss is Rs.253.57 cr in Q3 FY 11; compared to a loss of Rs.369.23 cr in Q2 FY 11; a loss of Rs.912.22 cr in Q1 FY 11; and a profit of Rs.14.10 cr in Q3 FY 10. The Net loss is gradually coming down, as can be seen from these statistics.
Basic EPS(in Rs.) is Rs.(-)1.44 in Q3 FY 11; Rs.(-)2.14 in Q2 FY 11; Rs.(-)5.86 in Q1 FY 11; and Rs.0.09 in Q3 FY 10.
The brief Stand alone and consolidated results details of different quarters are also in ANNOUNCEMENTS TO NSE section below. The Announcements section also lists huge number of orders bagged by Suzlon during FY11.
While Suzlon has been orders consistently, and is slowly improving its revenues, it is seen that Expenditure and interest cost also has been rising. The company continues to incur losses beyond the operational Profit level. At Rs.4433 cr Net Sales, the operational loss is less than Rs.40 crores – which seems to indicates low margins. The consolidated Net loss is Rs.254 cr.
Suzlon is trading at around Rs.46.40. If margins improve, Suzlon could become a good performer financially, for the Investors.
CONSOLIDATED RESULTS TABLE :
| Q3 FY 11 | ||||
| Net Sales | 443290 | 377156 | 239865 | 559003 |
| Net Sales | 4433 | 17.53 | 84.81 | -20.7 |
| Other Oprtg Income | 6147 | 4776 | 579 | 1838 |
| Incr./Decr. in SIT / WIP | -1751 | -37763 | 5507 | 136818 |
| Raw Materials | 304773 | 291270 | 172161 | 230139 |
| Traded goods | 35 | 193 | 18 | 489 |
| Employees Cost | 41461 | 40797 | 39759 | 54235 |
| Depreciation | 14246 | 13728 | 12650 | 16729 |
| Other Expenditure | 86719 | 72615 | 77597 | 111696 |
| Total Expenditure | 445483 | 380840 | 307692 | 550106 |
| Total Expenditure | 4455 | 16.97 | 44.78 | -19.02 |
| Profit from Operations | 3954 | 1092 | -67248 | 10735 |
| Other Income | 3388 | 1969 | 2353 | 1749 |
| Profit before I & EI | 7342 | 3061 | -64895 | 12484 |
| Interest | 29491 | 26709 | 26110 | 28951 |
| Profit after Interest BB EI | -22149 | -23648 | -91005 | -16467 |
| Exceptional items | - | - | 3728 | -24375 |
| Loss before tax | 22149 | 23648 | 94733 | -7908 |
| Tax Expense | 3082 | 13233 | -2371 | 5638 |
| Net Loss | 25231 | 36881 | 92362 | -2270 |
| Minority Interest | -168 | -898 | -1830 | 1257 |
| Shares of Associates | 294 | 940 | 690 | -397 |
| Consolidated Net Loss | -25357 | -36923 | -91222 | 1410 |
| Face Value (in Rs.) | 2 | 2 | 2 | 2 |
| Paid-up Equity | 35547 | 34907 | 31135 | 31135 |
| Basic EPS(in Rs.) | -1.44 | -2.14 | -5.86 | 0.09 |
| Public holding (%) | 42.91 | 41.86 | 46.92 | 46.92 |
ANNOUNCEMENTS
TO THE NSE
04-02-2011 Suzlon Energy Limited has informed the Exchange regarding a press release dated February 4, 2011, titled "Suzlon Group Q3 : Record US$ 7.3 bn orderbook; steadily improving performance".
04-02-2011 Suzlon Energy Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 443290 lacs for quarter ending on 31-DEC-2010 against Rs. 559003 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. (25357) lacs for the quarter ending on 31-DEC-2010 against Rs. 1410 lacs for the quarter ending on 31-DEC-2009. -
04-02-2011 Suzlon Energy Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 121996 lacs for quarter ending on 31-DEC-2010 against Rs. 74868 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 120 lacs for the quarter ending on 31-DEC-2010 against Rs. (28514) lacs for the quarter ending on 31-DEC-2009. -
28-01-2011 Suzlon Energy Limited has informed the Exchange regarding a press release dated January 28, 2011, titled "Suzlon Group signs 1,000 MW business partnership agreement with Caparo Energy India".
21-01-2011 Suzlon Energy Limited has informed the Exchange regarding a press release dated January 21, 2011, titled "Suzlon secures 218 MW order in Brazil".
17-01-2011 Suzlon Energy Limited has informed the Exchange regarding a press release dated January 17, 2011, titled "Suzlon Group announces largest onshore order for REpower".
12-01-2011 Suzlon Energy Limited has informed the Exchange regarding a press release dated January 12, 2011, titled "Suzlon Group signs MoU with Gujarat Government to develop 1,000 MW of wind power".
06-01-2011 Suzlon Energy Limited has informed the Exchange regarding a press release dated January 6, 2011, titled "Vedanta Group signs USD 191 mn agreement with Suzlon for 150 MW wind projects in India".
16-12-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated December 16, 2010, titled "Suzlon Group crosses 15,000 MW in wind installations across the world".
15-12-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated December 15, 2010, titled "REpower signs contract for 51 MW US wind farm project".
30-11-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated November 30, 2010, titled "REpower signs 43.05 MW order with Energiekontor UK".
26-11-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated November 26, 2010, titled "REpower signs 295 MW contract with C-Power for Thornton Bank offshore wind farm".
01-11-2010 Suzlon Energy Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 106795 lacs for quarter ending on 30-SEP-2010 against Rs. 61602 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. (8905) lacs for the quarter ending on 30-SEP-2010 against Rs. (18491) lacs for the quarter ending on 30-SEP-2009. -
01-11-2010 Suzlon Energy Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 377156 lacs for quarter ending on 30-SEP-2010 against Rs. 479334 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. (36923) lacs for the quarter ending on 30-SEP-2010 against Rs. (35552) lacs for the quarter ending on 30-SEP-2009.
15-10-2010 Suzlon Energy Limited has informed the Exchange regarding the press release dated October 15, 2010, titled "Suzlon announces 168.5 MW of new orders in India".
29-09-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated September 29, 2010, titled "REpower wins 74.8 MW order in Germany".
24-09-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated September 24, 2010, titled "Suzlon celebrates 5,000 MW of wind power installations in India".
21-09-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated September 21, 2010, titled "Suzlon wins a 202 MW order of ~INR 1149 crore from Techno Electric Group".
15-09-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated September 15, 2010 , titled "REpower enters Swedish wind energy market".
14-09-2010 Suzlon Energy Limited has informed the Exchange vide its letter dated September 14, 2010 that "Suzlon receives 50 MW repeat order from major Chinese Power Producer".
03-09-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated September 03, 2010 , titled "Suzlon wins 30 MW order from Altrade Group".
01-09-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated September 01, 2010 titled "Suzlon inaugurates new technology center in Rostock, Germany".
31-08-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated August 31, 2010 titled "REpower Systems AG inaugurates new technology center on the Kiel Canal".
13-08-2010 Suzlon Energy Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 50343 lacs for quarter ending on 30-JUN-2010 against Rs. 31495 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. (40763) lacs for the quarter ending on 30-JUN-2010 against Rs. (16047) lacs for the quarter ending on 30-JUN-2009.
13-08-2010 Suzlon Energy Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 239865 lacs for quarter ending on 30-JUN-2010 against Rs. 415268 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. (91222) lacs for the quarter ending on 30-JUN-2010 against Rs. (45267) lacs for the quarter ending on 30-JUN-2009.
16-07-2010 Suzlon Energy Limited had informed the Exchange regarding the press release dated July 16, 2010 titled "Suzlon wins 19.2 MW repeat order from the Baidyanath Group". The Company has now informed the Exchange that there was an error in the information provided in the Press Release. The order comprises of seven units of Suzlon's S88-2.1MW, and three units of Suzlon's S82-1.5 MW wind turbine generators (WTG) (which was erroneously stated at four units of the S82-1.5 MW turbines). Further the Company has submitted to the Exchange a copy of rectified press release being issued by the company on the aforesaid order.
16-07-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated July 16, 2010, titled "Suzlon wins 19.2 MW repeat order from the Baidyanath Group".
15-07-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated July 15, 2010, titled "Suzlon receives 37.8 MW order from Serum Institute of India Ltd.".
12-07-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated July 12, 2010, titled "Suzlon wins 19.8 MW repeat order from the Malpani Group".
08-07-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated July 08, 2010, titled "Suzlon receives 25.5 MW order from Hindustan Petroleum Corporation Limited".
06-07-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated July 06, 2010 , titled "Tulsi Tanti Conferred the title 'Wind Visionary of Asia' by Asian Development Bank".
25-06-2010 Suzlon Energy Limited has informed the Exchange that "Suzlon receives 48.3 MW order from a Chinese Power Producer".
31-05-2010 Suzlon Energy Limited has informed the Exchange that the Board of Directors in their meeting held on May 29, 2010 has approved the following : (1) Issue of equity shares of the face value of Rs.2 each of the Company to the existing equity shareholders of the Company on a rights basis (Rights issue), subject to all applicable statutory and regulatory approvals. The terms and conditions of the Rights Issue including the rights entitlement ratio, the issue price, record date, timeline, etc. shall be decided by a special committee of Board constituted for this purpose.
31-05-2010 Suzlon Energy Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 348868 lacs for year ending on 31-MAR-2010 against Rs. 723558 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. (141409) lacs for the year ending on 31-MAR-2010 against Rs. (46927) lacs for the year ending on 31-MAR-2009.
31-05-2010 Suzlon Energy Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 180903 lacs for quarter ending on 31-MAR-2010 against Rs. 203707 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. (78357) lacs for the quarter ending on 31-MAR-2010 against Rs. (18336) lacs for the quarter ending on 31-MAR-2009.
31-05-2010 Suzlon Energy Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 2061966 lacs for year ending on 31-MAR-2010 against Rs. 2608170 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. (98256) lacs for the year ending on 31-MAR-2010 against Rs. 23648 lacs for the year ending on 31-MAR-2009.
31-05-2010 Suzlon Energy Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 608361 lacs for quarter ending on 31-MAR-2010 against Rs. 912127 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. (18847) lacs for the quarter ending on 31-MAR-2010 against Rs. 31489 lacs for the quarter ending on 31-MAR-2009.
28-04-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated April 28, 2010, titled "REpower-built 'alpha ventus' starts operations; Germany's first offshore wind farm"
28-04-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated April 28, 2010, titled " Suzlon enters Joint Venture with Volkswind to develop wind energy market in Bulgaria."
23-04-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated April 23, 2010, titled " SBI banking on Green Energy with Suzlon."
20-04-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated April 20, 2010, titled " REpower to supply 44 wind turbines to Turkey for the first time."
08-04-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated April 08, 2010, titled " REpower expanding output of one of the largest Italian wind farms by 36.9 MW."
06-04-2010 Suzlon Energy Limited has informed the Exchange regarding a press release dated April 06, 2010, titled " Suzlon receives 18 MW repeat order from Gujarat State Fertilizers & Chemicals Ltd".
01-02-2010 Suzlon Energy Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-DEC-2009 as follows: Net Sales of Rs. 559003 lacs for quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 1410 lacs for the quarter ending on 31-DEC-2009. -
01-02-2010 Suzlon Energy Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2009 as follows: Net Sales of Rs. 74868 lacs for quarter ending on 31-DEC-2009 against Rs. 150167 lacs for the quarter ending on 31-DEC-2008. Net Profit / (Loss) of Rs. (28514) lacs for the quarter ending on 31-DEC-2009 against Rs. (39093) lacs for the quarter ending on 31-DEC-2008.
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