Suzlon Energy posted Net loss of Rs 52.3 crore in Q3
India's first home-grown wind technology company Suzlon Energy, has posted a net loss of Rs 52.3 crore for the nine-month period ending December 31, 2008, against a net profit of Rs 565.28 crore in the year-ago period.
However, the company's total income nearly doubled to Rs 17,499.2 crore from Rs 8,924.3 crore during the same period.
The energy major's profit before tax declined to Rs 272.54 crore in the nine-month period ended December 31, 2008, from Rs 689.63 crore in the year-ago period.
Many market analysts have suggested in their recommendation that investors with a long-term perspective and some risk appetite could buy the stock at current level because the company is a leading player in the domestic and international markets, where the potential for alternative energy is huge.
The stock is presently trading at Rs 57, which seems quite reasonable as compared to historical valuations.