Suzlon consolidated net loss widens Rs1,154.5 crore in Q3
Consolidated total income dropped 19.6% to Rs4,047.7 crore from Rs5,033.5 crore during the same period
Suzlon Energy, one of the largest wind turbine suppliers, reported a consolidated net loss of Rs1,154.5 crore in the third quarter of FY13, a four-fold increase compared to a loss of Rs286.5 crore in a year ago period due to lower total income.
Consolidated total income dropped 19.6% to Rs4,047.7 crore from Rs5,033.5 crore during the same period.
The wind turbine maker posted a consolidated forex loss at Rs47 crore during the quarter as against loss of Rs34.3 crore in the corresponding quarter of last fiscal.
Outstanding order book of the company stood at Rs41,546 crore (approximately 5.7 GW) as on 13 February 2013. The order intake for the October-December quarter stood at Rs8,097 crore (1,104 MW).
The Suzlon group secured firm order wins of approximately 2,631 MW year-to-date FY13 despite a very challenging operational environment.
Meanwhile, the company has decided to close its rotor blade and control panel manufacturing units at the Puducherry (Pondicherry) manufacturing facility.
“The decision follows on account of the challenges faced in industrial relations at the manufacturing facility coupled with logistical issues faced by the facility in handling multi-MW wind turbine components of increasing size and the current financial position of the company,” Suzlon said.
More in Moneylife
TODAY'S TOP STORIES
How Safe Is Your Building
- “The suit and the NSE’s conduct seem to me attempts at deflection and evasion”
- FTII strike seems government-sponsored, based on RTI documents
- The pains of MF redemption when your child becomes major
- Bombay HC asks NSE to pay Rs50 lakh as cost, donation in Moneylife case
- Who killed 14 rail passengers in Mumbai on Sunday?
- Big Fines by SEBI, But No Funds
Grab a Discount Coupon here
What's your say?
What you said
Thanks for casting your votes! View Previous Polls