Suzlon Reports ₹6.75 Billion Net Profit in Q2 After Debt Restructuring
Net profit attributable to shareholders stood at ₹6.8 billion from last year’s net loss of ₹7.5 billion
November 13, 2020
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Pune-based wind turbine manufacturer Suzlon Energy Limited reported a net profit of ₹6.75 billion (~$91.6 million), a turnaround from last year’s net loss of ₹7.78 billion (~$104.4 million). The company attributed this to be a result of its debt restructuring process. The company had reported a net loss of ₹3.99 billion (~$54.5 million) in Q1 of FY 2021.