Suzlon Energy is termed as a multibagger stock as it has rallied over 3100 per cent in the last 5 years. The wind energy stock made a high of Rs 86.04 in September. However, following the market correction, it slipped to Rs 53. Now, Suzlon stock is witnessing a bounce back. The counter was trading at Rs 65.90 per equity share at 10:35 am on December 3, 2024.
Speaking to Money9, stock market expert Sharad Mishra opined that Suzlon share has created a good base at Rs 56 and if the scrip is able to cross the Rs 68 level, then a rally is expected. He projected Suzlon share price to jump and reach Rs 95 if it breaks the 68-mark.
It is noteworthy to note that Foreign Institutional Investors increased their shareholding in Suzlon Energy in the September quarter of 2024-25. The FIIs shareholding increased to 23.72 per cent in the July-September quarter of the current financial year as against 21.53 per cent in the first quarter of FY25.
What is the Suzlon 2024 result?
In its Q2 Results 2024-25, Suzlon Energy reported a 96 per cent surge in net profit to Rs 200.20 crore as against Rs 102.29 crore in the same quarter of 2023-24. The company registered a considerable increase in revenues at Rs 2,093 crore while there was a consistent year-on-year growth in EBITDA at Rs 294 crore. The EBITDA Margin stood at 14.1 per cent, while Net Margin was at 9.6 per cent. In its financials, the renewable energy service provider reported its Profit After Tax stood at Rs 201 crore. The order book is at all-time high of 5.1 GW.
Particulars
Q2 FY25
Unaudited
Q2 FY24
Unaudited
Q1 FY25
Unaudited
FY24
Audited
Net Volumes (MW)
256
132
274
710
Net Revenue
2093
1417
2016
6497
EBITDA
294
225
370
1029
EBITDA Margin
14.10%
15.90%
18.40%
15.80%
Net Finance Cost
38
36
22
126
Net Profit After Tax
201
102
302
660
In September 2024, Suzlon sealed India’s largest wind energy order of 1,166 MW from NTPC Green Energy Limited, the Renewables Arm of NTPC. Suzlon is tasked to install a total of 370 wind turbine generators (WTGs) of S144 equipped with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each.
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Suzlon share price target: Suzlon Energy, a prominent wind energy company, has experienced a remarkable 3100% surge in its stock price over the past five years. Strong Q2 FY25 results, showing a 96% increase in net profit to Rs 200.20 crore, and a substantial order book of 5.1 GW, fuel positive sentiment. Expert analysis suggests further price appreciation if the stock surpasses Rs 68. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
