Suzlon Energy reported a loss of Rs 260 crore in the first quarter of FY17 compared to the profit of R1,014 crore profit it made in same quarter in FY16.
Suzlon Q1FY17 revenues was down by 36.2 % to Rs 1,650 crore compared to R2,587 crore in Q1FY16.
The company’s Q1FY17 EBITDA was at Rs171 crore with EBITDA margin at 10.4%.
The company said the Q1FY16 and Q1FY17 numbers were not comparable because Q1FY16 included exceptional one-time gain of Rs 1,289 crore on the sale of Senvion. One month of Senvion’s performance was included in the Q1FY16 performance as divestment took place on April 29, 2015.