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Stock Report
Suzlon Energy Q4 net profit rises to Rs.437.82 crores, total income at Rs.2097.55 crores
Posted On : 2007-05-14 22:15:48( TIMEZONE : IST )
Suzlon Energy Ltd has announced the financial results for the quarter and year ended March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 4378.20 million for the quarter ended March 31, 2007 where as the same was at Rs 3601.60 million for the quarter ended March 31, 2006. Total Income is Rs 20975.50 million for the quarter ended March 31, 2007 where as the same was at Rs 15796.00 million for the quarter ended March 31, 2006.
The Audited results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 10611.40 million for the year ended March 31, 2007 where as the same was at Rs 8211.90 million for the year ended March 31, 2006. Total Income is Rs 54684.70 million for the year ended March 31, 2007 where as the same was at Rs 38577.40 million for the year ended March 31, 2006.
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 standalone results for the quarter / year ended March 31, 2007 do not include the sale of tubular towers aggregating approximately Rs 2765.30 million and Rs 6060 million respectively, which have been sold through the wholly owned subsidiary. Accordingly, income from operations and consumption of raw materials for the quarter / year ended March 31, 2007 are to that extent not comparable with the standalone financial results of prior periods presented.
The Unaudited consolidated results for the Quarter ended March 31, 2007 are as follows: The Group has posted a net profit after Minority interest of Rs 3590.00 million for the quarter ended March 31, 2007 where as the same was at Rs 3715.20 million for the quarter ended March 31, 2006. Total Income is Rs 29622.70 million for the quarter ended March 31, 2007 where as the same was at Rs 15601.20 million for the quarter ended March 31, 2006.
The Audited consolidated results for the Year ended March 31, 2007 are as follows: The Group has posted a net profit after Minority interest of Rs 8640.30 million for the year ended March 31, 2007 where as the same was at Rs 7595.00 million for the year ended March 31, 2006. Total Income is Rs 80822.30 million for the year ended March 31, 2007 where as the same was at Rs 39154.90 million for the year ended March 31, 2006.
The Company through its wholly owned subsidiary, AE-Rotor Holding B.V., The Netherlands ('AE-Rotor') has on May 09, 2006, purchased 100% of the share capital of Eve Holding NV, Belgium ('Eve Holding') for a consideration of Rs 25026.40 Million. By virtue of the acquisition of Eve Holding by AE-Rotor, the Company has 100% ownership of Hansen Transmissions International NV, Belgium along with its subsidiaries, which are engaged in the business of design, development, manufacturing and supply of industrial and wind gear boxes and is the second largest wind energy gearbox manufacturer in the world. The consolidated financial figures for the year ended March 31, 2007 inter alia include the financial figures of Eve Holding. Accordingly, the consolidated financial results for the quarter / year ended March 31, 2007 are to that extent not comparable with the consolidated financial figures of the prior year.
