Suzlon shares shed 5% after reporting a 20% decline in Q4 profit

Suzlon stated that it has posted a remarkable year with a standout performance across financial and operational parameters with the highest consolidated EBITDA and PAT before exceptional items in 7 years.

Suzlon has also recorded its largest-ever of 3.3 GW.“We have been able to create a solid foundation over the last FY across all business verticals of technology, manufacturing, projects, and OMS. This positions the company strongly to lead the sector in years to come. We stacked up our largest-ever order book of value‐driven orders for more than 3.3 GW. We also added several leading Indian conglomerates to our customer portfolio with long‐term relationships and repeat orders. This aligns well with our commitment to powering the industries’ net‐zero commitments with green energy. We rebuilt our organizational strength and expanded our leadership team, acquiring critical multi‐industry talent,” said , Vice Chairman, Group.

Earlier this week, Suzlon informed the exchanges that it had secured new orders of 402 MW from for the 3 MW series to supply 134 wind turbines.

The Suzlon Group is one of the world's leading solutions providers with 20.7 GW of capacity installed across 17 countries.

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