Suzlon cuts FY12 sales forecast

MUMBAI: India's biggest wind-turbine maker Suzlon Energy slashed consolidated sales guidance for 2011-12 to Rs 21,000-22,000 crore from Rs 24,000-26,000 crore after reporting a decline in sales in the quarter to December 2011.

The company's consolidated sales declined to Rs 4,985.79 crore in Q3 as against Rs 5,071 crore a year ago. Its net loss widened to Rs 286.5 crore.

“We may not be able to make up for the sales volume we lost in the third quarter in the fourth quarter,” Suzlon's Chief Financial Officer Robin Banerjee told ET.