Suzlon Energy has posted a consolidated net profit of Rs 37.73 crore in the December 2021 quarter mainly on account of higher revenues. The company had reported a consolidated net loss of Rs 118.06 crore in the same quarter of the previous fiscal, according to a BSE filing released on Friday night.
Its total income rose to Rs 1,615.06 crore in the reported quarter from Rs 959.52 crore in the same period a year ago. “Q3 of FY22 saw us sustaining pace in our manufacturing and projects operations. However, with the current uncertainty, availability and prices of raw materials and components remain a challenge, eroding our margins and volumes,” Himanshu Mody, Chief Financial Officer, Suzlon Group, said in a statement.
