Suzlon Energy reports Q3 loss of Rs 326 mn on weak operational performance

Total revenue for the company fell 34% to Rs 22.03 bn

Wind turbine manufacturer Suzlon slipped back into the red, with a net loss of Rs 326.8 million reported for the December 2017 ended quarter due to weak operational performance.

For the October-December 2017 period, the company reported a net loss of Rs 326.8 million on a consolidated basis, against a net profit of Rs 2.82 billion seen for the same quarter a year back.

Total revenue for the company fell 34 per cent to Rs 22.03 billion compared to Rs 33.15 billion a year ago. Total expenses for the same period were lower at Rs 22.80 billion, compared to Rs 30.37 billion in the same period a year back.

The total order backlog for the company stands at 1,132 megawatt, while consolidated net term debt, excluding foreign currency convertible bonds (FCCB), was at Rs 66.10 billion and working capital debt was at Rs 38.81 billion.