Suzlon Energy has reported results for the quarter ended September 30, 2011.
The Company’s net loss for the second quarter of the current fiscal has narrowed at Rs 19.39 crore whereas the same was loss at Rs 89.05 crore for the quarter ended September 30, 2010. Company’s total Income for the quarter has recorded growth of 72.57% at Rs 2029.41 crore whereas the same was at Rs 1176.02 crore for the second quarter of the previous year.
On Consolidated basis, the group posted its net profit after share in associate's profit and minority interest at Rs 48 crore for the quarter ended September 30, 2011 whereas the same was loss at Rs 369.23 crore for the quarter ended September 30, 2010. The group’s total Income recorded a growth of 34.27% at Rs 5154.45 crore for the quarter under review whereas the same was at Rs 3839.01 crore for the corresponding quarter of the previous Fiscal.
The company’s consolidated financial results for the quarter are not comparable as the company during the last quarter of the FY 2010-11, concluded the non-alignment of the revenue recognition policy of REpower to that of Suzlon, as the company considered that this would result in more appropriate presentation of the financial statements and hence also the company changed the process of consolidation from quarter ended March 31, 2011.
Had the Company applied the same policy in the quarter ended September 30, 2010, the revenues and the net loss after tax for the quarter ended September 30, 2010 would have been higher by Rs 156.35 crore.
Company Name | CMP |
---|---|
Havells India | 1668.55 |
Siemens | 6716.50 |
Apar Inds | 9880.00 |
Waaree Energies | 2880.00 |
ABB India | 7006.95 |
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