November 22, 2008

Suzlon Q4 2008 net profit up by 10.2% YoY

Suzlon Energy has announced a net profit of INR 482.55 crore for January to March 2008 quarter up by 10.21% YoY as against INR 437.82 crore in January to March 2007 quarter. Total income was recorded at INR 2,786.83 crore for the quarter up by 32.8% YoY as against INR 2,097.55 crore for quarter ended March 31st 2007.

Suzlon Energy through its Netherlands based subsidiary AE Rotor Holding BV had purchased 100% of the share capital of Eve Holding NV of Belgium for a consideration of INR 2,502.64 crore. The financial figures for the year ended March 31st 2007 include the financial figures of Eve Holding.

By virtue of the acquisition of Eve Holding by AE Rotor, Suzlon Energy has 100% ownership of Belgium based Hansen Transmissions International NV, along with its subsidiaries.

For the year ended March 31st 2008, Suzlon reported a net profit of INR 1,265.71 crore up by 19.2% YoY as against INR 1,061.14 crore in the year ended March 31st 2007. Total income stood at INR 7,051.62 crore for the year ended March 31st 2008 up by 28.9% YoY as against INR 5,468.47 crore.