New Delhi, Aug. 13 -- Suzlon Energy share price in focus: Shares of Suzlon Energy, one of the leading global renewable energy solutions providers, fell 4.5% in intraday trade on Wednesday (August 13) to Rs.60.32 apiece despite the company reporting record deliveries and robust growth in its order book in the June-ending quarter.
While the company's volume, revenue, and EBITDA were in line with estimates, profit after tax missed expectations due to a deferred tax charge of Rs.134 crore, resulting in a consolidated net profit of Rs.324 crore compared with Rs.302 crore in the year-ago period.
Suzlon had recognized deferred tax assets of Rs.630 crore in the previous quarter, which are now unwinding, leading to the Rs.134 crore deferred tax ...
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