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Suzlon swings back to profit; Q4 net at Rs 579 crore

Pune-based company had posted a net loss of Rs 333 crore in the corresponding quarter of last fiscal

Press Trust of India  |  Mumbai 

Wind turbine manufacturer Suzlon on Friday reported a consolidated net profit of Rs 578.99 crore in the fourth quarter ended March 31 mainly due to timely execution of orders. The Pune-based company had posted a net loss of Rs 333.87 crore in the corresponding quarter of last fiscal. Income from operations during the January-March period increased by 55.08 per cent to Rs 4992.59 crore from Rs 3219.30 crore a year-ago. "We continue to demonstrate strong operational performance on every front, including volume growth, commissioning and order intake," Group CEO J P Chalasani ...

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First Published: Sat, May 20 2017. 02:47 IST
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