Suzlon Energy shares soar 16% in three days on strong Q3 earnings report

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Shares of Suzlon Energy climbed as much as 5% on Friday to reach Rs 58.15 on the BSE, extending their rally for a third consecutive session. The stock has gained nearly 16% over the past three days, driven by the company’s impressive third-quarter earnings report.

The renewable energy firm reported a 90% year-on-year (YoY) jump in net profit to Rs 386.92 crore for the quarter ended December 2024. Revenue from operations surged 91% YoY to Rs 2,968.81 crore, up from Rs 1,552.91 crore in the same quarter last year. In comparison, Suzlon had reported a net profit of Rs 203.04 crore in Q3 FY24.


Total income for Q3 FY25 also saw a sharp 91% YoY rise to Rs 3,002.36 crore from Rs 1,569.71 crore in the previous year’s corresponding quarter. The company’s EBITDA more than doubled to Rs 500 crore, with an EBITDA margin of 16.8%.

Suzlon recorded its highest-ever quarterly deliveries, achieving 447 MW in Q3 FY25. The wind turbine generator segment was the primary growth driver, with revenue soaring 132% YoY to Rs 2,336 crore, compared to Rs 1,004 crore in the year-ago period. Additionally, the foundry and forging segment posted robust growth, with revenue climbing 65% YoY to Rs 146 crore.


JP Chalasani, CEO of Suzlon Group, highlighted the company’s steady growth trajectory, stating, “We are experiencing consistent quarter-on-quarter growth… Our manufacturing capacity expansion in India is progressing as planned to fulfill our record-high order book of 5.5 GW. With our ramp-up strategy on track and operational preparedness at optimal levels, we can sustain momentum and create long-term value for our stakeholders.”

Following Suzlon’s Q3 earnings, brokerage firm JM Financial reiterated its ‘buy’ rating on the stock, albeit with a slightly reduced target price of Rs 80, down from Rs 81 previously.Despite delivering a 32.8% return over the past year, Suzlon shares have experienced some volatility, declining 14.7% in the last six months.Also read | Small and midcap stocks down 15% in 4 months, Nuvama shares 20 bottom-up ideas

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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