Suzlon – which has spent the last few years regaining a solid financial footing – posted a net loss of 1.13bn rupees ($16m) for the three months ending 31 December, down from 1.81bn rupees in the preceding quarter and 65.4bn rupees in the year-earlier same period.

At the operating level, the company delivered normalised earnings before interest, tax, depreciation and amortisation (Ebitda) of 3.4bn