Suzlon Energy Ltd's Q3FY19 consolidated net loss narrows to Rs5cr yoy
The company’s consolidated revenue stood at Rs1,097cr, down 50.2% yoy and 8.2% qoq.
Feb 07, 2019 09:02 IST India Infoline Research Team
Suzlon Energy Ltd Q3FY19
Consolidated Results Q3FY19: (Rs. in cr)
| Q3FY19 | YoY (%) | |
|---|---|---|
| Revenue | 1,097 | [50.2] |
| EBITDA | 292 | [15.1] |
| EBITDA Margin (%) | 26.6 | 1,101 |
| Net Loss (adjusted) | 5 | NA |
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Suzlon Ltd saw net losses shrink in Q3FY19 due to favourable forex gains despite significant decline in revenues. Revenue fell by 50.2% yoy to Rs1,097cr for Q3FY19. EBITDA stood at Rs292cr (down 15.6% yoy), while EBIDTA margin rose by 1,101bps yoy to 26.6%. Adjusted Net Loss for the quarter stood at Rs5cr in Q3FY19 against an adjusted net loss of Rs31cr in Q3FY18.
- During the quarter, the company executed a volume of 67MW, down from 316MW in Q3FY18.
- The company won two orders totaling to 378MW of wind power generation capacity.
- EBITDA for the quarter was boosted by a Rs220cr gain due to forex movement. The adjusted EBITDA for the quarter stands at Rs72cr, down 70.6% yoy.
- The value of the order book stands at Rs7,749cr (1379MW).
- The total net debt of the company currently stands at Rs9,778cr.
Technical View:
Suzlon Energy Ltd ended at Rs. 4, up by 0.18 points or 4.71% from its previous closing of Rs. 3.82 on the BSE.
The scrip opened at Rs. 3.90 and touched a high and low of Rs. 4.10 and Rs. 3.85 respectively. A total of 3,17,23,893 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.
