Published: November 14, 2018
suzlon vitality ltd, suzlon, suzlon vitality Suzlon Energy posts Q2 net misfortune at Rs 625.76 cr
Mumbai: Wind turbine producer Suzlon Energy Wednesday announced a combined net loss of Rs 625.76 crore in the quarter finished September. The organization had announced a net benefit of Rs 79.68 crore in the comparing quarter last monetary.
Its aggregate pay rose to Rs 1,194.99 crore, from Rs 1,151.28 crore in the year-back period. The organization revealed a forex loss of Rs 347.52 crore amid the quarter, against Rs 99.04 crore a year back.
"Our Q2 FY19 execution is affected because of stretched change stage as our volumes keep on staying stifled. We stay concentrated on cost improvement no matter how you look at it including cost of merchandise sold and settled expenses, with the end goal to stay more aggressive in this changed market situation," said Kirti Vagadia, aggregate CFO, Suzlon Energy.
He additionally said there has been a decrease in the net working capital of Rs 402 crore amid the quarter. "Aftereffects of Q2 was likewise influenced by forex change, which is non-trade and translational out nature," he included.
The organization's net term obligation remained at Rs 6,803 crore, while the working capital obligation was Rs 3,395 crore. It has a request accumulation of 1,057 MW at present.
Suzlon Energy amass CEO JP Chalasani said the firm is all around situated in the closeout routine with requests of 1,413 MW from the effectively finished up sell-offs and are in dialog with clients for incremental requests for the loosened limit of 3 GW in the as of late finished up sell-offs.
It's stocks finished the day 3.49 percent bring down at Rs 5.81 each on the BSE, against a peripheral 0.01 percent fall in the benchmark.
Mumbai: Wind turbine producer Suzlon Energy Wednesday announced a combined net loss of Rs 625.76 crore in the quarter finished September. The organization had announced a net benefit of Rs 79.68 crore in the comparing quarter last monetary.
Its aggregate pay rose to Rs 1,194.99 crore, from Rs 1,151.28 crore in the year-back period. The organization revealed a forex loss of Rs 347.52 crore amid the quarter, against Rs 99.04 crore a year back.
"Our Q2 FY19 execution is affected because of stretched change stage as our volumes keep on staying stifled. We stay concentrated on cost improvement no matter how you look at it including cost of merchandise sold and settled expenses, with the end goal to stay more aggressive in this changed market situation," said Kirti Vagadia, aggregate CFO, Suzlon Energy.
He additionally said there has been a decrease in the net working capital of Rs 402 crore amid the quarter. "Aftereffects of Q2 was likewise influenced by forex change, which is non-trade and translational out nature," he included.
The organization's net term obligation remained at Rs 6,803 crore, while the working capital obligation was Rs 3,395 crore. It has a request accumulation of 1,057 MW at present.
Suzlon Energy amass CEO JP Chalasani said the firm is all around situated in the closeout routine with requests of 1,413 MW from the effectively finished up sell-offs and are in dialog with clients for incremental requests for the loosened limit of 3 GW in the as of late finished up sell-offs.
It's stocks finished the day 3.49 percent bring down at Rs 5.81 each on the BSE, against a peripheral 0.01 percent fall in the benchmark.
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