Home >Companies >Suzlon sees revenues rising by 44% to 26,000 cr in FY 12

Suzlon sees revenues rising by 44% to 26,000 cr in FY 12

Suzlon sees revenues rising by 44% to 26,000 cr in FY 12

Mumbai: Wind turbine maker Suzlon Energy, which returned to the black in Q4 FY 11, is targeting to increase its total revenues by around 44% to up to 26,000 crore in FY 12, a senior executive has said.

“Our revenues were around 18,000 crore in FY 11 and we are targeting them to grow to the 24,000 to 26,000 range in the next financial year," Suzlon chief financial officer Robin Banerjee said.

For FY 12, the Pune-headquartered firm is targeting an earnings before interest and taxes to be in 7-8% of the total sales, he added.

Banerjee said the company, which had an order book of 30,100 crore as of 13 May , will be concentrating on its established business areas in India, China, Brazil, South Africa and Latin American countries for achieving growth.

Though the company does not have any immediate plan of foraying into any newer market beyond the 32 countries it is already present in, it is looking at having a presence in Uruguay and Peru, he said.

The company has no capital expenditure-intensive project lined-up for FY 12 and will not be going for any fund raising either, he said.

Suzlon’s debt-to-equity ratio improved to 1.36:1 in Q4 FY 11 as compared to 1.50:1 in the same period previous year.

For the three months ended 31 March 2011, Suzlon posted a consolidated net profit of 431.59 crore as compared to a net loss of 188.47 crore in the corresponding period last year. On a yearly basis, its net loss increased to 1,103.43 crore in FY 11 from the previous fiscal’s 982.56 crore.

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