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Suzlon Energy reports Q4 consolidated loss of Rs 3 bn

Posted by sandhyaravii on May 26, 2012

Suzlon Energy has posted a consolidated net loss of Rs. 3,002.40 million for the quarter ended Mar. 31, 2012 where as the same was at net profit of Rs. 2.11 billion for the quarter ended Mar. 31, 2011.

Total consolidated income decreased 7.38% to Rs. 68.55 billion for the quarter ended Mar. 31, 2012 where as the same was at Rs. 74.01 billion for the quarter ended Mar. 31, 2011.

On standalone basis, the company has posted a net loss of Rs. 3.09 billion for the quarter ended Mar. 31, 2012 where as the same was at net profit of Rs. 3.09 billion for the quarter ended Mar. 31, 2011.

Total income has increased 27.14% to Rs. 21.08 billion for the quarter ended Mar. 31, 2012 where as the same was at Rs. 16.58 billion for the quarter ended Mar. 31, 2011.

The board of directors has approved issuance of equity shares and / or FCCB and / or GDR and / or IDR and / or FCD and / or such other equity linked instruments and / or any otherinstruments and/ or combination of instruments to an extent of Rs. 50 billion, subject however to the approval of the members at the ensuing seventeenth annual general meeting of the company.

Shares of the company declined Rs 0.05, or 0.24%, to settle at Rs 20.85. The total volume of shares traded was 2,236,254 at the BSE.

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