The overall net loss of Suzlon Energy decreased to Rs 54.25 crore in the quarter ended March 31, 2021, owing to increasing sales.
According to a regulatory filing, the company’s consolidated net loss for the quarter ended March 31, 2020 was Rs 834.22 crore.
Total revenue increased to Rs 1,141.15 crore in the quarter, up from Rs 658.89 crore a year before.
The firm made a consolidated net profit of Rs 103.59 crore in fiscal year 2020-21, compared to a consolidated net loss of Rs 2,691.84 crore in fiscal year 2019-20.
The total income for the fiscal year increased to Rs 3,365.59 crore, up from Rs 3,000.42 crore in the previous fiscal year.
The overall net loss of Suzlon Energy decreased to Rs 54.25 crore in the quarter ended March 31, 2021, owing to increasing sales.
According to a regulatory filing, the company’s consolidated net loss for the quarter ended March 31, 2020 was Rs 834.22 crore.
Total revenue increased to Rs 1,141.15 crore in the quarter, up from Rs 658.89 crore a year before.
The firm made a consolidated net profit of Rs 103.59 crore in fiscal year 2020-21, compared to a consolidated net loss of Rs 2,691.84 crore in fiscal year 2019-20.
The total income for the fiscal year increased to Rs 3,365.59 crore, up from Rs 3,000.42 crore in the previous fiscal year.
“The COVID-19 epidemic damaged economies all across the world, making it an unusual and difficult year… The sector (wind energy) was confined to low volumes, with installations of just 1.5GW, a decrease of over 30% from previous year, resulting in approximately 15 to 18% capacity utilisation in India “Tulsi Tanti, Chairman and Managing Director of Suzlon Group, stated in a statement
“SWECO’s board of directors made this choice in light of the company’s operations’ ongoing financial difficulties throughout the epidemic. We do not believe that this judgement would have any direct or significant consequences for Suzlon Energy Ltd “It was said.
