Courtesy of Benzinga.
Suzlon Energy Ltd reported a wider third-quarter loss and lowered its annual revenue outlook.
Suzlon Energy’s quarterly net loss came in at INR2.86 billion, versus a year-ago loss of INR2.54 billion. Its revenue climbed 12% to INR49.85 billion.
The interest cost surged 28% to INR3.22 billion during the quarter, versus INR2.52 billion, in the year-ago period.
Suzlon lowered its revenue outlook for the financial year to INR210.0 billion-INR220.0 billion, versus its earlier forecast of INR240.0 billion-INR260 billion.
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