Suzlon Energy Limited, decreased expenses were a major factor in the December 2022 quarter's consolidated net profit more than doubling to Rs 78.28 crore. According to Suzlon Energy's regulatory filing, the business recorded a net profit of Rs 36.77 crore during the quarter from October to December of the previous year. However, it saw
a decrease in total revenue, which dropped from Rs. 1,615 crore. Compared to the same quarter a year earlier, the expenses were Rs 1,386 crore in the current quarter. Girish Tanti, vice chairman of the Suzlon Group, stated in a separate statement: "With a flurry of significant policy announcements at the start of 2023, the wind energy sector has experienced tremendous growth. Indian wind energy is prepared and on pace to make a significant contribution to India's strategy for energy change."
Suzlon Group Chief Executive Officer Ashwani Kumar said: "For us, Q3 has been a stable quarter. Our service company is doing well, and we are still concentrating on filling our order book. Early performance reviews for the S144-3.x MW, the first machine in our largest wind turbine series, are quite positive. It was installed at Sankaneri, Tamil Nadu, in December 2022." The leading supplier of energy solutions in India is Suzlon, situated in Pune.
