Suzlon Energy announces Q1 results

Suzlon Energy Ltd has announced the following Unaudited Results for the quarter ended June 30, 2007

The Company has posted a net profit of Rs 894.00 million for the quarter ended June 30, 2007 where as the same was at Rs 1936.00 million for the quarter ended June 30, 2006. Total Income is Rs 8629.00 million for the quarter ended June 30, 2007 where as the same was at Rs 9467.00 million for the quarter ended June 30, 2006.Effective April 01, 2007.

The Company has commenced commissioning and installation of WTGs through a subsidiary Company, which earlier was done in an associate Company. Certain related assets of the promoter Company pertaining to this business have been transferred to the subsidiary. To that extent, the figures for the quarter ended June 30, 2007 are not comparable with prior periods presented.

The Consolidated Results are as follows:

The Group has posted a net profit after minority interest of Rs 188.90 million for the quarter ended June 30, 2007 where as the same was at Rs 952.70 million for the quarter ended June 30, 2006. Total Income is Rs 19872.70 million for the quarter ended June 30, 2007 where as the same was at Rs 10850.40 million for the quarter ended June 30, 2006.