Suzlon Group is expecting strong growth over the next year, on the back of a good start to the 2017 financial year.
In the company’s first quarter results, Suzlon reported revenue of Rs1650 Crores, EBITDA of Rs171 Crores, with an EBITDA margin of 10.4%.
It noted that no comparison could be made with the 2016 financial year, because last year included an “exceptional” one-time gain of Rs1289 Crores.
The company’s order book stood at 1205MW in the first quarter and was valued at Rs7657 Crores .
It said 55% of the order book is for new products, such as the 120-metre S97 and 90m S111 wind turbines.
Suzlon Group chief financial officer Kirti Vagadia said: “In FY17, we are focused on ramping up volumes by executing our strong order backlog, ensuring that we continue to maintain tighter control on our working capital and fixed costs.
“We are also adequately capitalized to deliver high volume in the coming quarters.”
Image: Suzlon
