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Monday, June 29, 2009

Suzlon Energy reported a 77% decline in its net profit at Rs236.48 crore in fiscal year 2009

HALLE, GERMANY - MARCH 16: Workers 100m above...

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The country’s largest wind turbine maker, Suzlon Energy, on Sunday reported a 77% decline in its net profit at Rs236.48 crore in fiscal year 2009 on the back of currency losses and replacement of defective blades.

The company’s net profit (after share in associates profit and minority interest) was Rs1,030.10 crore in fiscal year 2008.

Revenues took a hit last year after some clients in the US cancelled orders and the company undertook replacement of defective blades.

For audited financial statement, please click here 

Consolidated statement of Suzlon

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