Suzlon Energy posts consolidated net loss at Rs 469 cr in Mar quarter


Suzlon Energy posts consolidated net loss at Rs 469 cr in Mar quarter

Suzlon Energy today reported a consolidated net loss of Rs 469.85 crore in the quarter ended March 2018 mainly due to lower income.

The company posted Rs 588.75 crore consolidated net profit in the quarter ended March 2017, a Suzlon Energy statement said.

According to the statement, the company’s total income from operations was Rs 2,259.71 crore in March quarter down from Rs 5,023.84 crore year ago. The company’s consolidated net loss in 2017-18 stood at Rs 384.01 crore while it had earned a profit of Rs 851.64 crore in the previous financial year.

Besides, the board in its meeting also approved the proposal for issuance of redeemable non-convertible debentures/non-equity linked instruments in one or more tranches to an extent of Rs 900 crore on private placement basis for replacement of existing debt. Read More

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