Suzlon Energy shares jump 11% post Q4 earnings
Shares of Suzlon Energy jumped nearly 11% to Rs 11.8 in Wednesday’s trade on BSE after the company posted a consolidated net profit of Rs 320 crore for the three months ended March quarter on lower expenses. The company had posted a consolidated net loss of Rs 205.52 crore in the year-ago period.
Its consolidated net profit for FY23 stood at Rs 2,852 crore against a net loss of Rs 258 crore in FY22.
Meanwhile, its total income for the March quarter fell 31% to Rs 1700 crore against Rs 2478 crore in the year-ago period. Total income for FY23 was down 9% at Rs 5990 crore.
