Suzlon FY 09 : Loss of Rs 4.69 billion
Suzlon Energy Ltd. ( wind energy major) posts a loss of Rs. 4.69 billion in Fy-09, while it was in profit of Rs. 12.65 billion in Fy-08.
The total income of the company grew 5.12 percent to Rs.74.12 billion for the year ended 31 March 09 from Rs.70.51 billion in the previous period.
The company said that this poor performance is due to the external economic environment. FY-09 has been a challenging year for all industries, and the wind sector is no exception.
The group, along with its subsidiaries, posted a net consolidated profit of Rs.2.36 billion in Fy-09, a decrease of 77.04 percent from Rs.10.3 billion Fy-08.
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