On Friday Renewable energy solutions provider Suzlon Energy has announce its quarter 4 results. Company has reported a nearly 21% decline in consolidated net profit to ₹254 crore in the March quarter, mainly due to certain exceptional items. The company reported a consolidated net profit of ₹320 crore in the year-ago period.
For the March quarter, Suzlon reported revenue growth of 30% from last year to ₹2,196 crore. For the year-ago quarter, Suzlon had reported revenue of ₹1,694 crore. The consolidated net profit in the 2023-24 fiscal year also declined to Rs 660 crore from Rs 2,887 crore a year earlier. Total income in the fiscal rose to Rs 6,567.51 crore from Rs 5,990.16 crore a year ago.
The company explained that PAT (profit after tax or net profit before exceptional items) for the March quarter increased 411 per cent to ₹281 crore on a year-on-year basis.
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