The result was announced on Saturday, 11 February 2012.

Meanwhile, the BSE Sensex was down 1.38 points, or 0.01%, to 17,747.31.

On BSE, 63.30 lakh shares were traded in the counter as against an average daily volume of 60.34 lakh shares in the past one quarter.

The stock hit a high of Rs 30.05 and a low of Rs 27.80 so far during the day. The stock had hit a record low of Rs 17.25 on 2 January 2012. The stock had hit a 52-week high of Rs 58.45 on 21 April 2011.

The stock had outperformed the market over the past one month until 10 February 2012, soaring 56.49% compared with the Sensex's 9.80% rise. The scrip had, however, underperformed the market in past one quarter, falling 13.87% as against 2.23% rise in the Sensex.

The mid-cap wind turbines maker has an equity capital of Rs 355.47 crore. Face value per share is Rs 2.

Suzlon Energy's net sales rose 12.5% to Rs 4985.79 crore in Q3 December 2011 over Q3 December 2010.

Suzlon cut its year ending March 2012 consolidated sales guidance to Rs 21000 crore – Rs 22000 crore, with EBIT margin of 5 – 6%, due to lower Q3 volumes.

Tulsi Tanti, Chairman – Suzlon Group, said, "Our performance over the past 12 months [Calendar Year 2011] has shown consistent improvement on all parameters. Our revenues of Rs 21660 crore are a year-on-year growth of over 30%; we booked orders of over US$ 5.6 billion / Rs 30000 crore, and achieved an EBIT margin of 7%, despite what continues to be a challenging economic environment. However, it is unfortunate that inspite of having our best-ever orderbook, we have had lower volumes in Q3 December 2011, leading to a downward revision of our full year guidance. These lower volumes were primarily due to an extended monsoon in India, grid infrastructure delays in China, and a procedural delay in closing our new working capital facilities. As a Group we are extremely well positioned in the global marketplace, and with our strong order backlog we expect to deliver nearly 40% growth in revenues in the next fiscal."

Robin Banerjee, Chief Financial Officer – Suzlon Energy, said, "Focusing on the third quarter, we have maintained our gross profit margins at a robust 33%. During Q3 we posted a cash profit of Rs 26 crore, against a net loss of Rs 286 crore, which was primarily due to certain non-cash items like international deferred tax liabilities of Rs 121 crore and depreciation of Rs 170 crore. We continue to see a rationalization in our operating expenses, including manpower costs. We have made progress in leveraging Group synergies with the re-alignment of our operations in Australia and Europe, alongside commencing manufacturing of the REpower MM92 turbine in India. I am pleased to report that we have now received an incremental sanction of Rs 1100 crore in our working capital facilities, which will facilitate our planned deliveries in Q4 and into the next fiscal."

Suzlon Group reported its highest ever order backlog of 5,755 megawatts (MW). The Group secured order inflows of 2.85 gigawatts (GW) in the first nine months of the year ending March 2012 (FY12), with approximately 1.5 GW in Q3 December 2011 alone; compared to 1.35 GW of inflows in all of first half of FY12. Over 50% of new orders came from repeat customers.

Suzlon Group subsidiary SE Forge also won a major order worth Rs 600 crore from a large bearings manufacturer, and secured major contracts with two large wind players. A strong mix of orders between emerging and developed markets, from an increasing share of large utilities and investors, creates robust visibility into the year ending March 2013, Suzlon said in a statement.

In its outlook, Suzlon said the industry continued to grow with strong momentum in emerging markets, the offshore segment and key developed markets. The Global Wind Energy Council (GWEC) reported that in 2011 the wind industry grew at over 21% with the addition of over 41 GW of new wind capacity worldwide. New offshore installations in Europe reached 866 MW in 2011, maintaining the momentum from 2010. The Indian market continued its growth, adding 3,000 MW in 2011 to reach over 16,000 MW in cumulative installations. With this growth, the Indian market is projected to reach 5 GW annually by 2015, and the offshore market's global share in total installations is likely to increase from ~3.5% in calendar year 2010 (CY10) to ~8-9% in CY15.

The Suzlon Group is ranked as the world's fifth largest wind turbine supplier, in terms of cumulative installed capacity, at the end of 2010. The company's global spread extends across Asia, Australia, Europe, Africa and North and South America with over 18,000 MW of wind energy capacity installed in 28 countries, operations across 32 countries and a workforce of over 13,000.