Suzlon Energy Q4 Results: Firm posts net profit of Rs 320 crore against Rs 205.52 crore loss YoY

Wind energy solutions provider Suzlon Energy reported a consolidated net profit of INR320 crore ($42.5m) for the quarter ended 31 March. This contrasts with the same period in 2022 when it posted a net loss of INR205.52 crore ($27.4m). Total income for Q4 was INR1700 crore ($226m), a decrease from INR2478 crore ($329m) in 2022. Suzlon Energy’s net worth has become positive at INR1099 crores ($146m) after a decade and there has been substantial debt reduction dueto refinancing and a rights issue in FY23. The company’s cumulative orders reached 1,542 MW, the highest since 2019, demonstrated customers’ trust in the company’s expertise.