India’s Suzlon Energy June-Quarter Consol Net Loss Narrows


India’s Suzlon Energy June-Quarter Consol Net Loss Narrows

Suzlon Energy’s consolidated net loss narrowed to Rs 336.88 crore in the June quarter, on account of lower expenses. The company had reported a loss of Rs 575.10 crore in the corresponding period of the previous financial year.

Its total expenses in the April-June 2019 quarter declined to Rs 1,178.39 crore as compared with Rs 1,866.04 crore in the year-ago period, according to a BSE filing. The firm’s total income dropped to Rs 851.09 crore, compared with Rs 1,289.94 crore a year ago.

In the January-March quarter this year, it had reported a loss of Rs 294.64 crore. The company had reported a net loss of Rs 1,537.19 crore in 2018-19. Read More

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