Suzlon Energy hit an upper circuit limit of 5% at Rs 11.94 after the company reported a consolidated net profit of Rs 37.69 crore in Q3 December 2021 as against net loss of Rs 117.07 crore in Q3 December 2020.
It reported an EBITDA of Rs 76.31 crores for the quarter ending December 2021, against Rs 59.69 crores for the quarter ending December 2020, reflecting a growth of 27.8% YoY.
Reliance New Energy (RNEL), a wholly owned subsidiary of Reliance Industries, has on 28 January 2022 completed the acquisition from the public shareholders of Sterling & Wilson Renewable Energy (SWREL) of 84,76,251 equity shares of SWREL of face value of Rs 1 each at a price of Rs 375/- per equity share aggregating Rs 317.85 crore pursuant to the open offer made by RNEL (together […]
60% of the consumers during the sale were from Tier 2 and Tier 3 cities.
PAT stood at Rs10.5cr during the quarter as compared to Rs8.5cr in Q3FY21. Revenues in Q3FY22 increased by 56% to Rs132.6cr.
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