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We will give you, the business development portfolio and pay you handsome amounts for your efforts. It does not matter, in which part of the world you are, as long as you can bring businesses. If you are interested, please send me at mail at: suman2005s@rediffmail.com.

Saturday, November 01, 2014

Suzlon Energy Ltd: Result Update
Wind turbine maker  Suzlon Energy on Friday posted net loss of Rs.656.21 crore for the second quarter ended September 30, 2014-15. The company had reported a net loss of Rs.782.37 crore for the July-September quarter, 2013-14. Suzlon Energy Ltd’s net loss narrowed by Rs.126.16 crore, Y-o-Y, because of a better operational performance and market mix. 

Its total income in Q2, 2014-15 increased from Rs.4,820.54 crore a year ago to Rs.5,391.76 crore. Ebitda for the reporting quarter was at Rs.114 crore against an operating loss of Rs.31 crore for the corresponding quarter last year. Suzlon’s order book stood at 4.6 GigaWatt, valued at $6.3 billion (~Rs.39, 000 Cr). Suzlon plans to list its German subsidiary Senvion on the London Stock Exchange through an initial public offer which is likely to garner close to Rs.7,000 crore. The company renamed its subsidiary REpower as Senvion, last year. REpower, which was founded in 2001, was acquired by Suzlon Energy in December 2009. 

The Paid Members, who had short term horizon, were asked to book profits, this week. I hold the view that the company would need some more time to recover from its blues, though in a statement, Suzlon Energy said it had posted its third consecutive quarter of positive earnings before interest, depreciation, taxes and amortization (Ebitda) at a consolidated level. Hence, I suggest the short term investors who still did not book profit, to hold on to their positions in the counter, with a SL of Rs.12.70. Also, the short term target is reduced to Rs.15, from Rs.17.
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