Maintenance engineers work on top of a power-generating wind turbine at Suzlon wind farm in Surajbari village, about 275 km (171 miles) west of the western Indian city of Ahmedabad, in this file picture taken December 14, 2009. India's Suzlon Energy Ltd, the world's fifth-largest maker of wind turbines, was poised to default on redemption of about $221 million in overseas convertible bonds due on October 11, 2012 after bondholders rejected a four-month extension. REUTERS/Amit Dave/Files (INDIA - Tags: ENVIRONMENT ENERGY BUSINESS) | Photo Credit: AMIT DAVE
Suzlon Energy Share Price Updates July 25, 2024: Suzlon Energy stock has continued to surge after its Q1 results. Suzlon Group on Monday said its profit after tax (PAT) jumped 200 per cent to ₹302 crore in this June quarter as against ₹101 crore in the year-ago period.
- 15:43 | July 25, 2024
Suzlon Energy stock’s closing figures
Shares of Suzlon Energy closed at ₹62.01 on the NSE and at ₹62 on the BSE, up 2.12% each.
- 14:47 | July 25, 2024
Suzlon Energy stock was up 1.17% on the BSE, trading at ₹61.42 as at 2.45 pm.
- 14:17 | July 25, 2024
Suzlon Energy stock rose 2.44% on the NSE, trading at ₹62.20
- 13:09 | July 25, 2024
Suzlon Energy’s total market cap stands at ₹84,719.53 crore.
- 12:47 | July 25, 2024
Suzlon Energy share price in focus
Shares of Suzlon Energy rose 2.55% on the NSE, trading at ₹62.27 as at 12.45 am.
- 11:41 | July 25, 2024
Suzlon Energy stock trades at ₹63.08 on the BSE, higher by 3.90% as at 11.40 am.
- 11:21 | July 25, 2024
Suzlon’s growth trajectory prompts ‘Buy’ recommendation from Anand Rathi
In a bullish endorsement of Suzlon Energy, Anand Rathi has reaffirmed its Buy call on the company, highlighting significant growth prospects in the wind energy sector. This recommendation follows a recent visit to Suzlon’s Daman plant, a pivotal facility that manufactures nacelles for wind turbines.
Suzlon’s Daman plant, operational since 2004, has delivered over 60 per cent of the 20GW+ wind turbines supplied globally. With its current rated capacity of 2.7 GW per annum and the potential to scale up to 3.1 MW, the plant stands as a cornerstone of Suzlon’s production capabilities.
- 11:06 | July 25, 2024
Shares of Suzlon Energy stock trades at ₹62.88 on the NSE, up 3.56% as at 11.04 am.
- 10:21 | July 25, 2024
Suzlon stock has hit a 52-week high today on the NSE at ₹63.75.
- 10:20 | July 25, 2024
Suzlon’s growth trajectory prompts ‘Buy’ recommendation from Anand Rathi
- 10:19 | July 25, 2024
Brokerage recommendations
Nuvama on Suzlon: Maintain Hold on Company, raise target price at Rs 64/Sh (Positive)
MS on Suzlon
OW, TP Rs 58.5
Strong beat
Deliveries of 274MW (we’d estimated 250MW)
WTG segment contribution margin stood at 22.4% (1QF24: 20.9%)
Balance sheet remains strong with net cash position of Rs12bn (4QF24: Rs11.5bn)
- 10:16 | July 25, 2024
Suzlon Group Q1 results
Suzlon Group on Monday said its profit after tax (PAT) went up almost three-fold to ₹302 crore in the June quarter on the back of higher revenues.
It had clocked a PAT of ₹101 crore in the year-ago period, the company said in a statement.
The company’s revenues also rose to ₹2,016 crore from ₹1,348 crore in the year-ago quarter.
“Our largest-ever order book of 3.8 GW gives us great visibility for the future,” Suzlon Group Vice Chairman Girish Tanti said.
The company had a net cash position of ₹1,197 crore as of June 30, 2024.
Pune-based Suzlon Group is one of the leading renewable energy solutions providers in the world with 20.8 GW of wind energy capacity installed across 17 countries.
The company delivered 274 MW of wind turbine equipment in the first quarter of FY25 against 135 MW in April-June 2024.
(PTI)
- 10:09 | July 25, 2024
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- 10:03 | July 25, 2024
JM Financial maintains ‘buy’ call on Suzlon Energy
Suzlon Energy Ltd (Suzlon) reported 1QFY25 net revenue of INR 20.2bn, +50%/-8%/+10%/- 5% YoY/ QoQ/ JMFe/ Cons. EBITDA came in at INR 3.7bn, +86%/ +4%/+55% /+55% YoY/ QoQ/ JMFe/ Cons with improvement in margin to +18%/+15%/13% 1QFY25/ 1QFY24/ JMFe due to higher volume of equipment supplies and lesser execution. Adj. PAT came in at INR 3bn, +226%/+8%/+86%/+24% YoY/ QoQ/ JMFe/ Cons due to higher interest income. We believe that gradual building of momentum for higher execution, healthy order book, morehealthy bid pipeline, strengthening of balance sheet and the organization are driving the company for the next-level of growth (Wind blows again as the sun shines). We maintain our BUY rating on the stock with a TP of INR 71 (based on a 35x FY26E EPS).
- 09:58 | July 25, 2024
Suzlon Energy stock in focus
Suzlon Energy stock is up 4.81% on the NSE, trading at ₹63.64 as at 9.42 am
Published on July 25, 2024
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