Suzlon pulled in revenues of 16.5bn rupees ($247m) for the April-June period – the first of its new fiscal year – down from 26bn rupees in the same quarter a year earlier.

The company posted a net loss of 2.6bn rupees in Q1, reversing a year-earlier profit of 10bn rupees.

First quarter profit came in at 880m rupees before interest and taxes (Ebit).