Suzlon had results yesterday and a few interesting things came out. Here's a quick series of thoughts:
Note: We have sourced all info from their FY16 presentation.
1. Positive EBIT But Still Doesn't Make Enough To Pay Interest
For the second consecutive quarter Suzlon reported a profit at the EBIT level. Meaning they are operationally profitably. But they are paying so much interest that the real profit is getting wiped out by interest allocations and payments . . .