Suzlon Energy’s shares rose by almost 11% to Rs 11.8 on Wednesday, following the company’s net profit of Rs 320 crore for Q4 ended March. It recorded a consolidated net loss of Rs 205.52 crore during the same period in 2022. Besides, the company announced its consolidated net profit for FY23 stood at Rs 2,852 crore compared to a net loss of Rs 258 crore for FY22. Suzlon CEO, JP Chalasani, claimed the company reduced its net debt by over 90% in the last three years, and reduced operating expenses, while net worth has surged.
