Suzlon announces Q3 FY21 Results
Posted On: 2021-02-04 20:18:23 (Time Zone: Arizona, USA)
Suzlon Group, India s largest renewable energy solutions provider, announced its third quarter results for the financial year 2020-21 (Q3 FY21).
Ashwani Kumar, CEO, Suzlon Group said, The theme of the Q3 of FY 21 has been ramping up of operations and getting business back on track. This quarter, we were able to increase our pace of turbine supply to service our order book. The improvement in revenues quarter on quarter are encouraging and a sign that we are moving in the right direction.
Further, the demand for renewable energy has risen all over the world and the next decade looks extremely promising for the sector. We are encouraged by the continuous support of the government to renewable energy as reflected in the recent Union Budget.
Suzlon Energy s consolidated net loss has narrowed to ₹118.06 crore in the December quarter on the back of higher revenues. The consolidated net loss of the company was ₹742.91 crore in the quarter ended on December 31, 2019, the company said in a regulatory filing.