Shares of Suzlon Energy Ltd. have crashed over 5% after posting its December quarter results in an exchange filing on Thursday.
The company reported a strong growth in profit and revenue in the third quarter of the current fiscal. Consolidated net profit jumped 15% to Rs 445 crore in the October-December quarter, compared to Rs 389 crore in the year-ago period, according to a stock exchange filing on Thursday.
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Revenue from operations soared 42% to Rs 4,236 crore versus Rs 2,975 crore last year. Operational performance improved as earnings before interest, tax, depreciation and amortisation jumped 48% to Rs 738 crore from Rs 499 crore in the corresponding quarter last year. Margin expanded to 17.4% versus 16.8%.
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