Suzlon Energy Q3 Results: Buy Wind Energy Stock After 91% Jump In Net Profit?

Suzlon Energy today declared a surge of 91% year-on-year (YoY) in consolidated net profit to Rs 387 crore for the quarter ended December 31, 2024 as against Rs 203 crore reported in the corresponding quarter of last year. Last trading price of Suzlon Energy Ltd shares on Bombay Stock Exchange (BSE) is Rs 50.25 per share. Suzlon Energy shares witnessed spurt in volume by more than 1.21 times today. The scrip hit lower circuit on January 27, 2025 when its price plunged to Rs 49.94 apiece on BSE. Suzlon Energy Ltd shares slipped 23.09% year-to-date and gained 453.41% in last 2-years.

The stock is backed by Life insurance corporation of India (LIC) as the state-run firm has a stake of 1.03% in Suzlon for the quarter ended December 31, 2024. The company’s market cap stood at Rs 68,579.08 crore. Check key details below:

Suzlon Energy Q3 Results

The company’s revenue from operations witnessed a sharp surge to Rs 2969 crore for Q3, highlighting a growth of more than 91% from Rs 1553 crore declared in the year-ago period. The company declared its EBITDA at Rs 500 crore for Q3 of FY2025 as against Rs 248 crore in Q3 of financial year 2024. EBITDA margin of Suzlon stood at 16.8% for Q3.

Order Book & Operational Performance

The firm’s total order book stood at 5521 MW for January 2025, up 3.4 times from 2290 MW in December 2023. The company disclosed that 58% of its order came from retail and industrial clients, 21% from central and state auctions, and remaining from PSU. The company reach a total manufacturing capacity of 4.5 GW as a result of the overhauled Puducherry and Daman Nacelle facilities.

When it comes to the company’s operational performance, it also witnessed a rally in its annual deliveries to 447 MW as against 170 MW reported an year ago. Its deliveries for FY2025 stood at 997 MW as against 437 MW reported in the similar period an year ago.

Suzlon Energy Shares Performance

The 52-week high price of Suzlon Energy shares is Rs 86.04 per share (as on 12/09/2024) and 52-week low price is Rs 35.49 per share (as on 14/03/2023). Suzlon Energy shares slipped 29.08% in last 3-months, surged 18.18% in last 1-year, and offered return of 2184.09% in last 5-years.

Suzlon Shareholding

FII/FPI reduced holdings from 23.72% to 22.87% in December 2024 quarter. Number of FII/FPI investors jumped from 720 to 748 in December 2024 quarter and mutual funds raised holdings from 4.14% to 4.44% in December 2024 quarter.

Suzlon Shares Price Target

Brokerage firm StoxBox recommended sell on rise call to Suzlon shares and the next support for the counter is placed at Rs 50-51. According to Trendlyne, out of total of 7 analysts tracking the stock, 4 has recommended strong buy call, one analyst suggested buy call and the remaining one assigned hold call.

Suzlon Energy About

Founded in 1995, Suzlon is one of the leading global renewable energy solution providers. Over the past two decades, Suzlon has installed over ~20.9 GW of wind energy in 17 countries across six continents. The Suzlon Group comprises of Suzlon Energy Limited and its various subsidiaries. The Group’s vision for growth is driven by the concept of sustainable development. In recent years, Suzlon has developed strong competencies in solar power too and plans to offer Wind-Solar hybrid solutions, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of StoxBox. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.

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