Suzlon Energy shares fell nearly 10% to a 52-week low after quarterly results showed net profit down 69% year on year to ₹394 crore, largely due to a prior-year tax benefit. Revenue rose 26%, but margins weakened and management lowered its full-year margin guidance.
Suzlon Energy shares fell nearly 10% to a 52-week low after quarterly results showed net profit down 69% year on year to ₹394 crore, largely due to a prior-year tax benefit. Revenue rose 26%, but margins weakened and management lowered its full-year margin guidance.
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