Suzlon Energy’s consolidated net loss narrowed to Rs 54.25 crore in the quarter ended March 31, 2021 mainly on the back of higher revenues. The consolidated net loss of the company was at Rs 834.22 crore in the quarter ended March 31, 2020, according to a regulatory filing. Total income rose to Rs 1,141.15 crore in the quarter, from Rs 658.89 crore in the same period a year ago. For the financial year 2020-21, the company posted a consolidated net profit of Rs 103.59 crore, whereas it had reported a consolidated net loss of Rs 2,691.84 crore in 2019-20.
Total income during the fiscal rose to Rs 3,365.59 crore, from Rs 3,000.42 crore in 2019-20. “”It was an unprecedented and challenging year where economies around the world were impacted by the COVID-19 pandemic… The sector (wind energy) was restricted to low volumes with installations of only 1.5GW which is lower by almost 30 per cent from last year which amounts to only 15 to 18 per cent capacity utilization in India,” Tulsi Tanti, Chairman and Managing Director, Suzlon Group said in a statement.
