Suzlon soars over 18% buoyed by Q1 profit

Shares of wind turbine maker Suzlon Energy today zoomed over 18 per cent as the company posted consolidated net profit of Rs 1,047.41 crore for the quarter ended June 30.
Cheering the numbers, the stock jumped 18.26 per cent to Rs 25.90 on BSE.
On NSE, it soared 18.26 per cent to Rs 25.90.
It had reported a net loss of Rs 750.74 crore in the same quarter a year ago, Suzlon Energy had said in a BSE filing on Friday.
The company's total income stood at Rs 2,627.71 crore in the reporting quarter, compared with Rs 4,671.99 crore in the year-ago period.

The company said its consolidated net debt (excluding foreign currency convertible bonds) was down at Rs 7,010 crore, from Rs 14,821 crore as of March 31, 2015.