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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