EBITDA was 3.28bn rupees ($550m), an improvement of 9.23bn rupees year-on-year, on revenues that were up 54% to 65.8bn rupees.
The return to profits reflected stronger profitability at Senvion, the company’s Germany-based subsidiary (formerly known as REpower), where the group reported a ~26% increase in EBIT despite ~19% decline in revenues – as well as the benefits of restructuring.
Suzlon, the world's fifth largest wind turbine maker with Senvion on its books, noted that it has achieved a 31% reduction in fixed-operating expenditure since its 2012 fiscal year.
