... Suzlon Energy likely to post Q2 loss of Rs 200 cr. Mercom also reported earlier that Suzlon had announced that it would sell two of its solar subsidiaries to Ostro Energy, a wholly-owned subsidiary of independent power producer ReNew Power. Latest Suzlon Energy Ltd News and Updates, Special Reports, Videos & Photos of Suzlon Energy Ltd on The Hindu BusinessLine. Get all the latest updates regarding quarterly, annual and yearly financial Results at BSE India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Suzlon Reports ₹6.75 Billion Net Profit in Q2 After Debt Restructuring. Total quarterly revenues were up 2% year-over-year to $9.8 billion. Total revenue was £293m down from £498m for FY2019. ASK AJIT: Stocks to hold or exit - … Share. Suzlon Energy Q2 results: Firm reports Rs 670 crore net profit . Swapnil Jain, CFO, Suzlon Group saidin the statement, In the Q2 results, we again see a clear improvement in EBIDTA over last year. Suzlon Energy Ltd today reported a consolidated loss of Rs 181.10 crore for the quarter ended September 30, 2015. Get the latest Suzlon results news, videos and headlines. For Immediate Release 10th November, 2020 Suzlon announces Q2 FY21 Results • Revenue of Rs 725 crores in Q2 FY21 • EBITDA of Rs 112 crores in Q2 FY21 and EBITDA margin of 15.4% in Q2 FY21 Pune, India: Suzlon Group, India’s largest renewable energy solutions provider, announced its second quarter results for the financial year 2020-21 (Q2 FY21). The main cause of the problems were a high level of debt combined with an oversupply of manufacturing capacity in India leading to unsustainably low prices in the power auctions as well as the cancellation of many projects due to problems of grid and land availability. The idea was that suppliers such as Suzlon would put together a package of wind power, solar power and batteries to provide a certain guaranteed electrical power to the distribution companies. 10-Nov-20 Suzlon announces Q2 FY21 Results Pune, India: Suzlon Group, India's largest renewable energy solutions provider, announced its second quarter results for the financial year 2020-21 (Q2 FY21). Revenue was still low at £124m (H1 FY2019: £164m) but EBITDA was positive at £20m (H1 2019: -£32m). The company’s current view of fiscal Q2 outcomes, which should not be viewed as guidance, is that sales will be near flat year -over-year and operating profit will be near break -even. As a result the final results for the financial year FY 2020, which runs from April 2019 to March 2020, were poor. SECTIONS. On top of this the government has been pushing hard its policy of “Aatmanirbhar Bharat” (self-reliant India). Ashwani Kumar, CEO, Suzlon Group said in statement, Q2 of FY21 was the first quarter post closure of our debt restructuring process. The company had reported a net loss of ₹3.99 billion (~$54.5 million) in Q1 of FY 2021. Still, a poor season might be expected to lead to more delays in installation. Suzlon Energy Q2 results: Firm reports Rs 670 crore net profit. Major Drilling Announces Strong Results for Q2 2021 MONCTON, New Brunswick (December 10, 2020) – Major Drilling Group International Inc. (TSX: MDI), a leading provider of specialized drilling services to the mining sector (“Major Drilling” or the “Company”), today reported results for its second quarter of fiscal year 2021, ended October 31, 2020. Suzlon to focus on India and hopes to be profitable by FY22: Chairman Tulsi Tanti - 21 Oct 2020. To participate in the conference call, dial 1-800-920-2776. 2017-16. For the quarter ended March 2019, SUZLON ENERGY has posted a net profit of Rs 3 bn (up 39.4% YoY). Oct 21, 2020 2:00 PM PDT View Webcast. Pune-based wind turbine manufacturer Suzlon Energy Limited reported a net profit of ₹6.75 billion (~$91.6 million), a turnaround from last year’s net loss of ₹7.78 billion (~$104.4 million). ASK AJIT: Stocks to … Total revenue was £293m down from £498m for FY2019. PTI; November 15, 2019, 07:31 IST; New Delhi: Suzlon Energy on Thursday reported widening of its consolidated net loss to Rs 777.52 crore in the quarter ended September 30, 2019. Suzlon: Get all the Latest News, Pictures, Videos and Special Report about Suzlon by mint. It attributed this increase to the higher margins and workforce optimization and operational expenditure (OPEX). Shareholder Tools. Wind energy in India is generated principally during the monsoon season from April to September and is very sensitive to the quality of the monsoon winds. The video game industry benefited significantly in 2020 due to the rise in gaming trends during the COVID-19 pandemic period. Cloud license and on-premise license revenues were down 3% to $1.1 billion. Suzlon Energy. 2020-19. Explore more for Suzlon results breaking news, opinions, special reports and more on mint. Schedule of Events: Date: October 7, 2020. Shree Cement Q2 Results 2020-21: Net profit rose 77.1% year-on-year to Rs 547.25 crore on the back of revenue that increased 7.8% to Rs 3,022.4 crore. As a result the final results for the financial year FY 2020, which runs from April 2019 to March 2020, were poor. FedEx Corporation reported second quarter 2021 earnings results today. Net profit attributable to shareholders stood at ₹6.8 billion from last year’s net loss of ₹7.5 billion, SECI Issues Tender to Construct a 25 MW Solar Project at a Coal Washery in West Bengal, Government Announces Financial Sops to Boost Ethanol Production, Tender Released for Supply of 1.8 Million Multicrystalline Solar Cells, Power Finance Corporation to Raise ₹100 Billion Through Bonds Issue, US Clean Energy Industry Lost 429,300 Jobs Since February 2020 Due to COVID-19, Module Technologies and Trends Dominating the Indian Solar Market, Solar Sector Sees Broad-based Recovery, Funding Rises by 24% in 2020, EESL Issues Tender for 317,975 Solar Pumps Across India, Banking Charges, Ambiguity on Net Metering Rules Major Glitches in Gujarat Solar Policy, Chandigarh Invites Bids for 2 MW Grid-Connected Rooftop Solar Projects. Gross margins also rose to 60.3% during the half from 34.8% in the same half last year. Q2 Fiscal Year 2021 Financial Results Conference Call. company is withdrawing its fiscal 2021 annual guidance and will not provide specific fiscal Q2 guidance due to the global economic contraction caused by COVID -19. To ensure your participation, please dial in approximately five minutes before the call. ts revenue from operations fell to Rs 803.09 crore during the quarter under review as against Rs 1,194.99 crore in the year-ago period. Suzlon plunges on results, CEO exit Suzlon Energy on Saturday reported widening of its consolidated net loss to ₹398.86 crore in the April-June quarter compared to … Nintendo confirmed that Nintendo Switch sales crossed 63 million consoles sold through to customers and 68.3 million consoles shipped. New Delhi: Suzlon Energy Ltd on Friday reported a consolidated loss of Rs 181.10 crore for the quarter ended September 30, 2015. Mumbai: Renewable energy solution provider Suzlon Energy is in talks with two financial investors to sell up to 49% in its operations and maintenance subsidiary, Suzlon Global Services, in an attempt to raise funds to pare debt, people involved with the deal told ET. Meanwhile Suzlon feels that its troubles are behind it and that it is in a strong position as the leading Indian wind turbine manufacturer, with a “firm” order book of 0.9GW, auction prices up from their low of £24.3 per MWh to £30, and technology improvements in the pipeline. Perhaps because of this a new type of auction was introduced last year: Round-the-Clock power supply. Suzlon Energy Q2 net loss widens to Rs 777 cr. The company had reported a net loss of ₹3.99 billion (~$54.5 million) in Q1 of FY 2021. The net revenue at the end of the second quarter (Q2) of the financial year (FY) 2021 stood at ₹7.25 billion (~$97.6 million). Articles on Suzlon Energy Ltd, Complete Coverage on Suzlon Energy Ltd Swapnil Jain, CFO, Suzlon Group saidin the statement, “In the Q2 results, we again see a clear improvement in EBIDTA over last year. For the first half of the fiscal year overall, net sales rose to roughly $7.4 billion, while operating income reached $2.7 billion. Q2 1920 Q2 2021 Q2 1920 Q2 2021 Q2 1920 Q2 2021 Q2 1920 Q2 2021 +22% +47% +15% +11% 1 Enterprise/SMB (ENT/SMB): previously non-hyperscale 2 SDI: Software Defined Infrastructure 3 IaaS: Infrastructure -as a Service Source: IDC and Internal Data 8 Suzlon is believed to be looking for a valuation of Rs 8,000 crore for the services business. Suzlon Energy Ltd today reported a consolidated loss of Rs 181.10 crore for the quarter ended September 30, 2015. Abc Large. PALO ALTO, Calif.--(BUSINESS WIRE)--VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced financial results for the second quarter of fiscal 2021… Find result date. November 20, 2020 05:00 PM Eastern Standard Time. Suzlon’s EBITDA during 1H of FY 2021 was also up at ₹2.03 billion (~$27.3 million), up 162% from last year’s loss of ₹3.24 billion (~$43.6 million) due to higher margins and better-optimized workforce and OPEX costs. Read management/analysis’ comments on quarterly results . 2012-11. The company registered revenues of ₹5.13 billion (~$70.1 million) in Q1 of FY 20201, a 39% decline compared to ₹8.33 billion (~$113.7 million) during the same period last year. Home; Maharashtra Talathi Result 2019; Results; Suzlon Energy Ltd Vacancies 2021 Apply Now for Latest Jobs PAN India Q2 2020-21 Earnings Release: Schedule of Events and Dial-in Details. Oracle Announces Fiscal 2021 Second Quarter Financial Results Q2 FY2021 GAAP EPS up 16% to $0.80, Non-GAAP EPS up 19% to $1.06 Oracle Gen2 Cloud Infrastructure and Autonomous Database revenue up over 100% Fusion Cloud ERP revenue up 33%, NetSuite Cloud ERP revenue up 21% REDWOOD SHORES, Calif., December 10, 2020 -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results… Find result date. Sandeep Doshi Latest Business News, Market News November 11, 2020. share. Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results. Comment . Suzlon Energy Q2 results: Firm reports Rs 670 crore net profit - 11 Nov 2020. SUZLON ENERGY Share Price Down by 5%; BSE OIL & GAS Index Down 0.7% - 05 Jan 2021. has posted a consolidated net profit of around Rs 670 crore in the September quarter mainly due to lower expenses. Pune-based wind turbine manufacturer Suzlon Energy Limited reported a net profit of ₹6.75 billion (~$91.6 million), a turnaround from last year’s net loss of ₹7.78 billion (~$104.4 million). Suzlon’s revenues and profit stood at Rs 12692.53 crore and Rs 839.47 crore, respectively. Suzlon Energy Quarterly Results: Get the key information of Suzlon Energy Q1, Q2, Q3 and Q4 results, previous Quarterly Results, Quarterly Earnings and comparison on Economic Times. Share on Share on Share on Share on . Indian 1279 days ago. 2008-07. Q2 FY21 Financial Results. The main factor here was a large restructuring of the debt which caused interest costs to be reduced by seventy per cent. Cloud services and license support revenues were up 4% to $7.1 billion. 637.81 Cr in Q2FY18 when compared to the previous quarter. Opex ) explore more for Suzlon results news, opinions, special reports more... 30, 2020 Switch sales crossed 63 million consoles sold through to customers and 68.3 million sold... 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