Suzlon Energy shares hit 5% upper circuit as Q3 profit jumps 90% YoY to Rs 387 crore
[hfe_template id='11223']
[ad_1]
Suzlon Energy shares surged 5% in early trade to hit the upper circuit at Rs 52.76 in intraday trade on Wednesday after the company reported a 90% year-on-year (YoY) surge in net profit to Rs 386.92 crore for the quarter ended December 31, 2024. Revenue from operations also saw a sharp increase of 91% YoY, reaching Rs 2,968.81 crore. The company’s revenue from operations during the December 2023 quarter was Rs 1,552.91 crore, while the renewable energy firm had reported a profit of Rs 203.04 crore in the third quarter of the previous year. Suzlon Energy’s total income for Q3 FY25 rose sharply by 91% YoY to Rs 3,002.36 crore, compared to Rs 1,569.71 crore in the same quarter last year. Notably, the company’s EBITDA more than doubled to Rs 500 crore, with an EBITDA margin of 16.8% during the quarter. Also Read: Stocks in news: Bajaj Finance, Maruti, Tata Motors, SBI Card, Suzlon Energy Suzlon said it recorded its highest-ever quarterly deli...