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Suzlon Energy shares update on subsidiary merger; stock down 5%

Suzlon Energy shares update on subsidiary merger; stock down 5%
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Suzlon December quarter loss narrows to Rs 118 crore on higher revenues


Suzlon Energy s consolidated net loss has narrowed to Rs 118.06 crore in the December quarter on the back of higher revenues.
The consolidated net loss of the company was Rs 742.91 crore in the quarter ended on December 31, 2019, the company said in a regulatory filing.
Total income from operations rose to Rs 959.52 crore in the quarter under review, from Rs 672.99 crore in the same period a year ago.
The theme of the Q3 of FY21 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, Suzlon Group CEO Ashwani Kumar said. ....

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