Suzlon Energy on Friday reported a standalone net loss of Rs 390.93 crore for the third quarter ended December 31 largely due to forex losses. 
 The company had a net profit of Rs 338.18 crore for the same quarter FY2008, Suzlon Energy said in a filing to the Bombay Stock Exchange. 
 The amount for the mark-to-market losses for the third quarter and for the nine-month period ended December stood at Rs 111.40 crore and Rs 202.03 crore, respectively, it said. 
 Total income of the company dipped to Rs 1,504.29 crore for the quarter under review from Rs 1,660.95 crore reported in the corresponding period year ago. 
 For the nine months ended December, the company posted a standalone net loss of Rs 285.91 crore. The total income stood at Rs 5,212 crore. 
 Further, during the quarter ended December 31, the company made an additional provision of Rs 171 crore towards its blade retrofit programme (wherein the company had to bear costs arising out of events like blade failures in overseas markets), the filing said. 
 This provision was in addition to Rs 122 crore which the company had provided during the year ended March 31, it added. In another disclosure, the company said that as on date, it has an order book position of Rs 10,387 crore comprising Rs 533 crore of domestic orders and Rs 9,854 crore of export orders. 
 In addition, the order book position for component business is Rs 1,080 crore. However, the above order book positions do not include the orders of Hansen and REpower, Suzlon said. Shares of the company were trading at Rs 43.90, down 1.68 per cent in morning trade on BSE.

Tragicomedy in 10 acts

Suzlon Energy on Friday reported a standalone net loss of Rs 390.93 crore for the third quarter ended December 31 largely due to forex losses.

Suzlon Q3 net loss at Rs 390.93 cr

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Home / News / India News / Article / Suzlon Q3 net loss at Rs 390.93 cr

Suzlon Q3 net loss at Rs 390.93 cr

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