Suzlon Energy reports Rs 670 crore net profit in September quarter
Suzlon Energy has posted a consolidated net profit of around Rs 670 crore in the September quarter mainly due to lower expenses.
The company had recorded a consolidated net loss of over Rs 777 crore in the quarter ended on September 30, 2019, showed a BSE filing at midnight on Tuesday.
Total income of the company dipped to Rs 736.70 crore in the quarter from Rs 817.45 crore in the same period a year ago.
Total expenses of the firm came down to Rs 886.43 crore in the quarter from Rs 1,551.16 crore in the same period last year.
About COVID-19 pandemic, it said that the group’s ability to generate sufficient cash flows to meet its financial obligations in the foreseeable future could be impacted by the undetermined circumstances arising from the pandemic.
