Suzlon Energy gains on decent Q4 show

Suzlon Energy gained 0.76% to Rs 310.30 at 12.41 IST on BSE after posting 10.22% rise in net profit to Rs 482.55 crore on 32.86% increase in total income to Rs 2786.83 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 314 and a low of Rs 300.50 so far during the day. The stock had a 52-week high of Rs 460 on 9 January 2008 and the stock hit a 52-week low of Rs 220.10 on 7 March 2008.

The company’s current equity is Rs 299.38 crore. Face value per share is Rs 2.

The current price of Rs 310.30 discounts its Q3 December 2007 annualised EPS of Rs 9.04, by a PE multiple of 34.33.

Suzlon Energy’s net profit rose 19.28% to Rs 1265.71 crore on 28.95% increase in total income to Rs 7051.62 crore in the year ended March 2008 (FY 2008) over the year ended March 2007 (FY 2007).

On 5 April 2008, Suzlon Energy’s wholly owned subsidiary Suzlon Energy (Tianjin) secured orders totaling nearly 200-megawatt of capacity for wind farm projects in China.

On 2 April 2008, Suzlon Wind Energy Corporation, USA, a step-down subsidiary of the company signed an additional order for 200-megawatt of wind turbine capacity with Horizon Wind.

On 8 February 2008, Suzlon Energy’s wholly owned subsidiary Suzlon Wing Energy A/S, Denmark received an order from Spanish Saving Bank Unicaja, Spain for 102.90 megawatt of wind turbine capacity.

On 5 February 2008, the company’s wholly owned subsidiary Suzlon Energy Australia secured an order for 56.7 megawatt of wind turbine from Pacific Hydro, Australia.

Suzlon Energy provides customers with total wind power solutions.