Suzlon Energy shares hit record low on Q1 loss
Quotes

Suzlon Energy shares hit record low on Q1 loss

Last Updated: Tuesday, August 14, 2012, 11:30
 
 Comment 2
 
Suzlon Energy shares hit record low on Q1 loss
Mumbai: Shares of wind turbine maker Suzlon Energy on Tuesday plunged as much as 9 percent to a record low as the company reported standalone net loss of Rs 696.64 crore for the first quarter ended June 30.

Suzlon stock opened weak and further lost 9 percent to touch a record low of Rs 16.10 at the NSE.

At the BSE, the scrip tumbled 7.62 percent to an all- time low of Rs 16.35.

The company yesterday reported Q1 loss on account of lower volumes, adverse market mix, high interest burden and notional forex losses.

In the same quarter last fiscal, the company had reported net profit of Rs 137.83 crore.

The company's standalone revenues also declined 59.36 percent to Rs 596.91 crore, compared to Rs 1,469.07 crore in the same quarter last year.

PTI



First Published: Tuesday, August 14, 2012, 11:30


Comments


comments powered by Disqus
Jaguar high-wire water crossing
Jaguar high-wire water crossing
2015 DFW Auto Show
2015 DFW Auto Show
Samsung Galaxy S6, Galaxy S6 Edge
Samsung Galaxy S6, Galaxy S6 Edge
Hyundai i20 Active
Hyundai i20 Active
Forbes` 10 Richest Indians 2015
Forbes` 10 Richest Indians 2015

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved