Suzlon narrows Q2 loss to R656 cr

Written by fe Bureau | Pune | Updated: Nov 1 2014, 06:38am hrs
Wind turbine maker Suzlon Energy narrowed its losses by 16.11 % to R656 crore during Q2 FY15. Suzlon had posted loss of R782 crore during Q2 FY14. The companys revenues during the second quarter grew by 11.7% to R5,331 crore. Kirti Vagadia, group head (finance), said they have continued to deliver positive Ebitda for the third consecutive quarter. Ebitda was a positive R114 crore in Q2 FY14 compared with the loss of R31 crore same time last year, Vagadia aid. Suzlons Germany subsidiary, Senvion, saw its revenue go up 25%, Vagadia said.