Suzlon Energy extends fall post Q2 results; stock hits 52-week low

The stock hit a 52-week low of Rs 12.80, down 6%, extending its 12% decline in past three trading sessions.

Suzlon Energy hit a 52-week low of Rs 12.80, down 6%, extending its 12% decline of the past three trading sessions, after the company reported Rs 374 crore consolidated loss before exceptional items and tax in September quarter (Q2FY18). It had reported profit of Rs 251 crore before exceptional items and tax in a year ago quarter.

The consolidated net profit of the company declined 71% to Rs 71 crore for Q2FY18 against Rs 244 crore in previous year quarter due to lower revenues. Total income dropped to Rs 1,214.81 crore in the quarter from Rs 2,761.28 crore a