Suzlon Energy’s share price rose 5% as soon as the markets opened on January 29, locking in the upper circuit of Rs 52.77. The surge in the share price of Suzlon Energy came after its net profit almost doubled in the third quarter of FY25.
Suzlon Energy Q3 profit doubles
The company’s net profit jumped 91% year-on-year to Rs 387 crore in Q3 FY25, compared to Rs 203 crore in Q3 FY24. Its total income also saw an increase of 91% on year to Rs 3,002.36 crore. Its revenue from operation stood at Rs 2,968.81 crore in Q3 FY25, compared to Rs 1,552.91 crore. The EBITDA increased over twofold to Rs 500 crore, and the EBITDA margin was recorded at 16.8% in the third quarter of the current financial year.
Suzlon: Nuvama’s big upgrade
Nuvama has upgraded Suzlong to Buy from Hold and “remain long-term positive as we tweak FY25–27 estimates to factor in improved execution in FY25E (1.5GW versus 1.44GW), Renom acquisition and others charges, yielding a revised target price of Ts 60 at 35x FY27E. Valuation comfort and price correction are primary triggers.
Also Read Trump Inauguration highlights: President Trump eyes 10% tariff on Chinese imports starting next month Why is the stock market falling today? Here are 3 reasons… When will ITC Hotels list on exchanges- Here is what we know so far Indo Farm Equipment IPO opens today: GMP, risk factors and everything you need to know Suzlon: Execution picking up in Q3
Execution picking up in Q3FY25 is another big positive as per the Nuvama report. In Q3, Suzlon executed 447MW (estimate: 360MW). The execution uptick is aided by the capacity ramp-up to 4.5GW. However, overall installations continue to drag (241MW in 9MFY25 Vs 618MW in 9MFY24). Nuvama expects 1.5/2.4/3GW execution in FY25–27.
Suzlon Energy in Q2
The company posted a 96% surge in net profit to Rs 200.20 crore in Q2 FY25, against Rs 102.29 crore in the same quarter of the previous year. The company’s revenue from core operations increased by 48% to Rs 2,092.99 crore in the second quarter of the current financial year, in comparison to Rs 1,417.21 crore in the correspondent quarter a year ago.
Apart from that, the stock’s price-to-earnings ratio is greater than 50 for the last 4 trailing quarters.
Suzlon Energy Vs Nifty 50
The share price of Suzlon Energy has clocked a fall of 3.6% in the past five trading days.
» Read More
