MUMBA: Suzlon Energy expects its consolidated net profit in the fiscal year 2010 to rise on flat revenues, as high one-time costs in the fiscal year 2009 would come down, a senior company official said on Sunday.
"I think FY09 for us was a very difficult year. There were a number of one-off losses," Sumant Sinha, chief operating officer, told reporters, referring to costs related to events such as a blade retrofit programme and currency fluctuations.
"While there is an industry-wide slowdown in the immediate term, we see a rebound in (calendar year 2010) with long-term drivers gaining momentum," Sinha said in a statement.
The world's fifth-largest wind turbine maker said its order book stood at 79.01 billion rupees as at June 25.
Suzlon said its blade retrofit programme was 80 percent complete and it would be fully complete by the middle of August.
The company reported a net profit of 4.1 billion rupees ($85.2 million) for the quarter ended March and a total income in the period of 92.1 billion rupees.
In the same quarter a year ago, it had reported a net profit of 4.57 billion rupees and a total income of 49.4 billion rupees.
The company said the figures were not comparable with those a year ago, as the figures for the quarter ended March 2009, include the figures of its German subsidiary REpower Systems AG.