Suzlon Posts 2.6 Billion-Rupee Quarterly Loss on Forex Impact

  • New accounting standards mean forex are realized all at once
  • Currency movement reduced income by 900 million rupees

Suzlon Energy Ltd. posted loss of 2.6 billion rupees ($39 million) for the first quarter of the financial because of a decline in the rupee and financial costs, which the company said could not be spread out over a period of time under new accounting standards.

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