Renewable energy major, Suzlon Energy Ltd has reported a net loss of 8.49 billion rupees or $153 million during the first quarter of the financial year till June 2012.
The company had recorded a net profit of 601.2 million rupees during the same quarter of the previous year. The total consolidated sales of the company increased 10 per cent to 47.47 billion rupees. There have been some concerns in the market about the company's ability to redeem its bonds over the previous maturity date.
Leading renewable energy major, Suzlon Energy has reported a net loss of Rs. 286 crore for the third quarter till December of 2011.
The loss of Rs. 286 crore was higher than market expectations as the company faced increase in interest costs and provision for deferred taxes. The company has reported a net loss of Rs 254 crore in the same quarter of the previous year.