Suzlon posts Q1 loss of Rs 576 cr
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Suzlon posts Rs. 575 crore
Q1 loss on sales decline
Renewable energy firm Suzlon Group has posted a consolidated net loss of Rs. 575 crore for the quarter ended June due to decline in sales and increase in forex losses. The company had reported a net profit of Rs. 47.84 crore in the same period a year earlier. “Indian wind market is on a growth trajectory with 7.5 GW of capacity already auctioned, from this we have the highest order share,” Suzlon Group CEO J.P. Chalasani said.
Source: PTI
