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Suzlon Energy posts Rs 56 crore profit in September quarter

The company's total income rose to Rs 1,442.58 crore in the second quarter of the current fiscal from Rs 1,361.62 crore in the same period a year ago.

November 10, 2022 / 07:37 PM IST

Suzlon Energy on Thursday posted a consolidated net profit of Rs 56.47 crore in the September quarter, mainly due to higher revenues.

In the year-ago period, the company had a net loss of Rs 12.40 crore, according to a BSE filing.

The company's total income rose to Rs 1,442.58 crore in the second quarter of the current fiscal from Rs 1,361.62 crore in the same period a year ago.

In a statement, Girish Tanti, Vice Chairman of Suzlon Group, said, "as industry leaders, we are fully equipped to leverage the tailwinds of the sector from a position of strength as demonstrated by our successful rights issue, consistently improving performance, a strong order book and our relentless debt reduction endeavours."