Suzlon Energy has informed that it has suffered a huge net loss in the June quarter of the current fiscal year. It has announced its financial results for Q1 of the fiscal year 2010-11.

Suzlon Energy is the third largest wind turbine-maker of the world. The net loss of the firm was reported to be Rs 912 crore for the April-June quarter of the current year. For the same period of time, the net loss was Rs 453 crore in the previous year.

As per the company officials, it has suffered very low sales in the current year which have affected the net figure.

Moreover, its loss from notional foreign exchange has gone up to Rs 250 crore. Suzlon Energy has informed this in a statement to the Bombay Stock Exchange.

Total income of the firm has also gone down by 42% in the quarter. It has been recorded Rs 2,404.44 crore during the review period as compared to Rs 4,171.35 crore for the similar period of time last year.