Shares of Suzlon Energy fell 1.43% to ₹69.84 on October 29, despite an initial rise of 3% to ₹73 following the company’s strong quarterly results for Q2 FY25. The renewable energy provider reported a consolidated net profit of ₹201 crore for the quarter ending September 30, 2024, nearly doubling from ₹102 crore in the same quarter last year.
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Total income surged to ₹2,121.23 crore, up from ₹1,428.69 crore year-on-year. Girish Tanti, Vice Chairman of Suzlon Group, expressed confidence in the company’s position, stating that the core business is well-established to leverage market opportunities. He highlighted enhancements in the leadership team, product offerings, manufacturing capacity, and project execution.
Tanti emphasized the ongoing evolution of the renewable energy sector, noting that the company is pursuing new opportunities aligned with its strategic goals. To aid in this process, Suzlon has partnered with a global management consulting firm to gain insights that will inform their growth strategy and identify new areas for expansion.
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Currently, the company boasts an order book of 5.1 GW, with net revenue reaching ₹2,093 crore—an increase of 47.7% from the previous year. Although EBITDA rose 30.6% to ₹294 crore, the EBITDA margin declined to 14.1% from 15.9% in the prior fiscal quarter. Notably, Suzlon’s new product, the S144, designed for low wind conditions, has attracted
a substantial order book of 4.7 GW, prompting increased manufacturing efforts.