Suzlon Energy reported profits in the fourth quarter of FY-11 giving some hopes to the investors that the worst for the company is probably over.
For the three months ended March 31, Suzlon posted a consolidated net profit of Rs 431.59 crore as compared to a net loss of Rs 188.47 crore in the corresponding period last year.
On yearly basis, its net loss increased to Rs 1,103.43 crore in FY 11 from the previous financial year’s Rs 982.56 crore.
Suzlon Energy is targeting to increase its total revenue by around 44% to Rs. 26,000 crores, and EBIT of around Rs. 2000 crores.