On Tuesday, Suzlon Energy announced a consolidated net profit of Rs 320 crore for the three months ended in the March quarter. According to a regulatory filing, the company reported a consolidated net loss of Rs 205.52 crore during the prior quarter. Compared to a net loss of Rs 258 crore in FY22, the combined net profit for FY23 was Rs 2852 crore.
Compared to the same period last year, the March quarter's total revenue decreased by 31% to Rs 1700 crore from Rs 2478 crore. At Rs 5990 crore, the total revenues for FY23 was down 9%.
"As evident from these results, we closed FY23 with a strong financial performance and the successful launch of our powerful 3 MW solar array," stated Girish Tanti, Vice Chairman of the Suzlon Group.
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