• Tue. Feb 27th, 2024

Suslon Energy Q1 results: Net profit falls 96% to Rs 101 crore, stock sinks 5%

Suslon Energy Q1 results: Net profit falls 96% to Rs 101 crore, stock sinks 5%

Suslon Energy Q1 Results: Suslon Energy announced its April-June quarter results for fiscal year 2023-24 (Q1FY24) on July 25, reporting a sharp 96 percent decline in consolidated net profit. 101 crore in comparison It was Rs 2,433.33 crore during the same period last year. The renewable company’s revenue from operations in the first quarter of the current financial year 1,347.52 crore as compared to Rs.2 per cent decline 1,377.58 crore in the corresponding period last year.

Suslon Energy Q1 Results: Suslon Energy announced its April-June quarter results for fiscal year 2023-24 (Q1FY24) on July 25, reporting a sharp 96 percent decline in consolidated net profit. 101 crore in comparison It was Rs 2,433.33 crore during the same period last year. The renewable company’s revenue from operations in the first quarter of the current financial year 1,347.52 crore as compared to Rs.2 per cent decline 1,377.58 crore in the corresponding period last year.

“With the effectiveness of our initiatives to strengthen the balance sheet and reduce debt, our focus is on scaling up our operations to deliver our cumulative orders which currently stands at a healthy 1,582 MW.

“With the effectiveness of our initiatives to strengthen the balance sheet and reduce debt, our focus is on scaling up our operations to deliver our cumulative orders which currently stands at a healthy 1,582 MW.

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“Serial production of our large turbines ranging from 3MW to 3.15MW with 144m rotor diameter is one of our top priorities moving forward to meet customer expectations. Our services business has demonstrated its operational excellence and customer-first approach proactively,” Chalasani added.

Shares of Suzlon Energy fell more than 5 percent to an intra-day low after reporting weak quarterly results. 19 each in NSE.

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