Suzlon Energy announced results for the financial year ended March 31, 2008, reporting 71% growth in revenues.
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The company reported consolidated wind turbine sales volume for FY08 at 2,311MW, compared to 1,456MW in the previous year, a growth of 59%. Annual revenues stood at INR 13,679.43 crore in FY08, a 71% growth over the previous year. Revenues from overseas sales stood at INR 8,107.83 crore, around 59.3% of total sales during the period. Profit after tax (PAT) before exceptional items stood at INR 1168.32 crore. Exceptional items consist of INR 65.46 crore for site restoration, and INR 121.71 crore for rotor blade retrofit program affecting the PAT by INR 151.17 crore (net of tax). PAT after Exceptional Items, share in profit of associates, and minority interest stood at INR 1,030.10 crore.
