Suzlon swings back to profit; Q4 net at Rs 579 crore

Wind turbine manufacturer Suzlon on Friday reported a consolidated net profit of Rs 578.99 crore in the fourth quarter ended March 31 mainly due to timely execution of orders.

The Pune-based company had posted a net loss of Rs 333.87 crore in the corresponding quarter of last fiscal.

Income from operations during the January-March period increased by 55.08 per cent to Rs 4992.59 crore from Rs 3219.30 crore a year-ago.

"We continue to demonstrate strong operational performance on every front, including volume growth, commissioning and order intake," Group CEO J P Chalasani said in a statement here.

He said the company has created 1,800 MW of blade manufacturing capacity in a single year.

"All the orders that we committed at the beginning of the year has been delivered and we look forward to capitalise on the potential in the industry," Chalasani added.

For the full year (FY17), the company's revenues and profit stood at Rs 12692.53 crore and Rs 839.47 crore, respectively. It had clocked revenues of Rs 9429.58 crore and profit of Rs 570.22 in FY16.

Suzlon recorded an all-time high commissioning by installing 1,779 MW in FY17, taking its cumulative installations to over 11 GW in India and over 17 GW globally.

"We started FY17 with a clear focus on profitability which we delivered by ramping up volumes and exercising better control over fixed costs.

"Despite achieving growth in volumes and profitability, we have managed to reduce our net working capital, optimised the debt profile and continue to maintain strong liquidity position for future ramp up," Group CFO Kirti Vagadia said.

The company's order book as on March 31, 2017 stood at 670 MW.

"The order intake during Q1 FY18 so far is 411 MW and an additional order of 250 MW from our customer in the SECI bidding. These orders have been received from IPP customers and retail for S111 90m and S111 120m. Further, we are carrying an order book of 231 MW in solar, taking our total order book to 1,562 MW. These orders will be commissioned in FY18," he added.

In FY17, Suzlon's net debt reduced to Rs 6,198 crore from Rs 6,528 crore in fiscal 2016.

Commenting on the results, Suzlon Chairman and Managing Director Tulsi Tanti said, "We delivered yet another profitable year. Our focus has been on restoring the confidence of every stakeholder. We continue to work towards scaling greater heights.

Value Pick - Cords Cable

CORDS CABLE :- Cords was established in 1987 by a group of industry professionals with an objective of catering to a growing requirement for high quality customized cables. Over the years Cords has developed a wide range of specialized cables to address the specific requirements of industries involving modern process technologies, instrumentation and communication demanding the highest standards of precision and reliability, and household users seeking products with assured quality and safety. COMPANY INTRODUCTION :- Cords is in the business of providing cost-effective and quality solutions for various electrical connectivity requirements. Presently, we accomplish this through customized design and development, quality manufacturing and reliable delivery of all types of LT range cables and household wires. http://www.moneycontr...

Hind Rectifiers Ltd. .. Bumper Results with Bumper Order Book.. Ready to Fly for 170++ soon

Hind Rectifiers Ltd. Buy at CMP- 1 17 , Targets - 172- 190, Time Frame - 6 to 24 Months , SL- 90 TRIGGERS Bagged 88 Cr Order recently with Its all time High Order Book of 300 Cr Profit in Q2 has Jumped 409% Biggest Beneficiary of Budget 2019 ( Railway Equipments Manufacturer) Hind Rectifiers, known as Hirect , is a leading manufacturer of rectifier equipment and semi-conductor devices. It also manufacturers a wide range of products used for railways, AC electric locomotives and AC electrical multiple units. The company has signed a technical collaboration agreement with Friem, Italy to manufacture water-cooling rectifiers for electrochemical applications. Based on this technology, it has received orders from Sterlite Industries, Chemfab Chlorates and Sree Rayalaseema Alkalies and Chemicals. It has a technical collaboration agreement with Electric Research & Development Centre, Kerala, to manufacture transistorised ...

Short Term Investment Mantra _Smartlink Network

SMARTLINK NETWORK SYSTEMS LTD D-Link India Ltd, incorporated in 1993 as Smart-Link Network Pvt Ltd , its name was changed to the present one subsequent to the financial participation from D-Link Corporation, Taiwan in 1995. The company started its software development activity in Goa in Feb. 2000 and had set up centers at Bangalore and New Bombay. The software engineers of the company are trained at D-Link Corporation, Taiwan in specialized software for the Networking field. The company intends to penetrate the Specialized Software Segment, a major one in the Networking and Communication Field. D-Link Corporation holds a dominant position in the Broadband space globally. It s a technology and market leader in the Broadband CPE space worldwide. It has became the world's first company to design, develop and commercially deploy the ADSL 2+ technology Broadband modern cum router. It also introduced the Wireless Media player which creates a seamless connection between computers...

Gabriel India Limited

Gabriel India Limited is the flagship company of ANAND, and a leading name in the Indian auto component industry . Established in 1961, the company provides the widest range of ride control products in India, including shock absorbers, struts, and front forks, across every automotive segment with over 300 product models offered. Market Leaders for more than 55 Years The history of Gabriel India dates back to 1961, when Mr. Deep C Anand, as a young entrepreneur, launched his very first business venture - Gabriel India, in collaboration with Maremont Corporation (now Gabriel Ride Control Products of ArvinMeritor Inc., USA), for the manufacturing of shock absorbers at Mulund, Mumbai. Today, the Gabriel brand is synonymous with shock absorbers in India, with a significant presence across all automotive customer segments, including original equipment manufacturers (OEM’s), replacement, and exports. Over the last 55 years, Gabriel India has established itself as a provider of...

Escorts -Ready for Multibagger Gains - 1100 Coming Soon

Buy at CMP 818 - for the Targets of 890 to 1090 , Time Frame - 5 Months to 12 Months TRIGGERS 1 ) Strong Q4 and YOY Profits are expected as Q3 Profit Up by 305% YOY at 92 cr. Q2 Profits up by 147% at 71 Cr. 2 ) Beneficiery of G overnment’s push on infrastructure, housing, construction, and the road segment also at which the government is planning to do the Bharatmala project 3 ) GST rates are reduced to 18% from 28% , especially on the earthmoving and road segment machinery. 4) On Jan 2018, Escorts Ltd. The company has reported net sales of Rs.1213.23 crores during the period ended December 31, 2017 as compared to Rs.1100.79 crores during the period ended December 31, 2016. 5) For the quarter ended December 31, 2017 (Q3FY18), Escorts reported 12% yoy tractor volume growth. This growth was led by 11% yoy growth in domestic volumes and a 41% yoy growth in exports. 6) ) The company sold 18,930 tractors in Q3FY18 agai...

INVESTORICH

Search This Blog