Websol Energy System on Thursday reported a net loss of Rs 54 crore for the December 2023 quarter, mainly due to the impairment of a few assets.
“The company has reported a loss of Rs 54.64 crore for the quarter ending December 2023,” a BSE filing stated.
The company explained that this loss will be carried forward and adjusted against future profits.
The reason for such loss is that few assets have to be impaired as new assets from the expansion will be replacing the same, it added.
