Suzlon Energy Q3 net at Rs 152 cr | business | Hindustan Times
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Suzlon Energy Q3 net at Rs 152 cr

Wind power major Suzlon Energy posts a net profit of Rs 151.69 crore for the quarter ending on December 31, 2007.

business Updated: Jan 29, 2008 11:32 IST

Wind power major Suzlon Energy on Tuesday posted a net profit of Rs 151.69 crore for the quarter ended on December 31, 2007, while it was Rs 174.39 crore in the corresponding period last year.

The total income of the firm increased to Rs 3,242.29 crore for the quarter under review, whereas, it was Rs 1,939.29 crore during the same quarter in 2006, the company said in a filing to the Bombay Stock Exchange.

The standalone net profit of the firm stood at Rs 338.18 crore for the latest quarter, whereas, it was Rs 176.23 crore in the same period last year.

The income of the firm stood increased at Rs 1,683.16 crore for the quarter under review, while it was Rs 1,126.07 crore in the year-ago period.

Earlier in 2006, the company through its Netherlands-based subsidiary had acquired Eve Holding NV, Belgium, for over Rs 2,502 crore. The company is engaged in the business of design, development, manufacturing and supply of industrial and wind gear boxes.

The consolidated results for the quarter ended December 31, 2006 and year ended March 31, 2007 include the financial figures of Eve Holding. Accordingly, the consolidated financial results for the latest quarter are not comparable with the consolidated financial figures of the prior periods.