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Strong first half for Suzlon

EBITDA margin of 18% is highest level in last five years

Strong first half for Suzlon image

Indian manufacturer Suzlon had EBITDA margin of 18% in the second quarter of the 2016 financial year to Inr318 crores ($49m), the highest level in the past five years.

Sales volumes stood at 227MW in the quarter, up 64% year-on-year. New orders for the first six months of the year stood at 401MW, with the order book value at Inr6812 crores.

Revenues were Inr1768 crores in the second quarter bringing the first half of the year total to Inr4374 crores.

Suzlon Group chairman Tulsi Tanti said: “We continue to deliver on our sustainable growth priorities outlined for FY16.

“We have efficiently capitalized on the opportunities in India. This is a testament of the customer’s trust and confidence in our technology and service capabilities.

“The response to our new products S111-90m and S97-120m, the tallest turbine in the Indian market, has been very good.”

Image: new orders for first six months of the year stood at 401MW (Suzlon)

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