Suzlon Energy Ltd posts December quarter profit

Suzlon Energy Ltd posts December quarter profit

Leading wind turbine manufacturer and solar developer Suzlon Energy Ltd consolidated the turnaround it had shown in its December quarter by posting a profit after tax (PAT) of Rs 543 crore in 2016/17 against a loss of Rs 268 crore in 2015/16. In the March quarter, it had a profit of Rs 268 crore against a mere Rs 15 crore in the corresponding quarter a year ago.

In the December 2016 quarter too, it had achieved a PAT of Rs 274.34 crore against a loss of Rs 121.84 crore in the same quarter the previous year.

“We started 2016/17 with a clear focus on profitability which we have delivered by ramping up volumes and exercising better control over fixed costs,” said Kirti Vagadia, Group CFO, Suzlon. Read More…

 

Credit By : The Economics Times

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