Suzlon Energy has recently posted their consolidated net profits which have come out to be Rs.103.59 crores which is of the 2020-2021 financial year of the company and when you talk about their financial year of the year 2019-20, their losses were about Rs.2,691.84 crores so it seems like that the company is coming out of the pit hole that they created for themselves.
If you talk about the quarter year which ended on 31st March 2021, the company has seen a net loss of Rs.54.25 crore and that has happened because of the higher revenues for the most part and if you talk about the quarter which ended in 31st March 2020, the company has seen a loss of Rs.834.22 crore and this has been directed towards the regulatory filing.
It has been seen that there the total income took a leap and it rose to Rs.1,141.15 crore which happened in the quarter and this is a big leap as at the same time in the last year they were at 658.89 crores which seems that the company is on the right track, and so the company has posted a consolidated net profit which has come out to be Rs.103.59 crore and the consolidated loss that the company has seen is of Rs.2,691.84 crore which is for the time period of 2019-2020.
When you talk about the fiscal rate the total income rose as it came out to be Rs.3,365.59 crore and when you talk about the year 2019-2020 the fiscal was about Rs.3000.42 crore and it seems like that the company has managed to do wonders in these times of quarantine when the situation wasn’t the best for businesses, they have still managed to provide about 42 percent of the total energy which is renewable and have managed to install it all over the country which is pretty decent for the company.
It has been stated by the company that their 26th Annual General meeting will go to be held on 24th September 2021 and it seems like that the company has filed a liquidation case which they have filed in the United States which they have filed under the bankruptcy code of the USA which they did on 29th June 2021.