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13/11/2021 21:20

Suzlon Energy posts Q2 net loss of Rs 236.94 cr

The company reported standalone net loss during the quarter stood at Rs 236.94 crore compared to net profit of Rs 558.46 crore in the previous year quarter.ÿ

Net revenue of the company rose two fold by 278.64 per cent at Rs 751.14 crore in July-September quarter of this fiscal as against Rs 198.38 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 215.90 per cent to Rs 782.13 crore from Rs 247.59 crore in year ago period.

Other Income grew by 97.71 per cent at Rs 35.33 crore versus (Sep'20 Rs 17.87 crore).

Operating Profit slipped by 4.50 per cent to Rs -30.99 crore as against Rs -32.45 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 74.76 per cent in September quarter.

Interest declined by 1.39 per cent y-o-y to Rs 194.47 crore