Suzlon reported a net loss of 7.82bn rupees ($128m) for its second quarter ending September 30.

That was lower than the 8.07bn loss at the same stage in 2012, but was still “significant” because of lower volumes, restructuring costs and currency factors, admitted finance chief Kirti Vagadia.

Quarterly revenues were 47.69bn rupees, ahead of the preceding three months’ figure but down on the 57bn rupees it pulled in at the same stage last year.

However,