Suzlon posts Rs.4.69 billion loss

Wind energy major Suzlon posted a net loss of Rs 4.69 billion in the last fiscal compared to a profit of Rs 12.65 billion in the previous fiscal, the company said Monday.

Wind energy major Suzlon posted a net loss of Rs 4.69 billion in the last fiscal compared to a profit of Rs 12.65 billion in the previous fiscal, the company said Monday.

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The total income of the company grew 5.12 per cent to Rs 74.12 billion for the year ended March 31 from Rs 70.51 billion in the previous period.

The company attributed the poor performance to the external economic environment.

"FY2008-09 has been a challenging year for all industries, and the wind sector is no exception," said Tulsi Tanti, chairman and managing director of Suzlon Energy Limited.

The group, along with its subsidiaries, posted a net consolidated profit of Rs 2.36 billion in 2008-09, a decrease of 77.04 per cent from Rs 10.3 billion for the year ended March 31, 2008.

The total income of the group stood at Rs 265.3 billion for the period under review, up from Rs 139.47 billion in the previous fiscal.