Suzlon Energy Shares Rise Ahead of Quarterly Results, Building on Previous Strong Performance
Suzlon Energy's shares traded higher as investors anticipate upcoming quarterly results. The company's previous quarter saw a 365% increase in net profit to Rs 1,182 crore, with revenue up 73% and EBITDA doubling. Suzlon's order book stands at 5.60 GW, with record deliveries of 573 MW in Q4. The stock rose 1.86% to Rs 64.20 on NSE, with analysts maintaining a positive outlook and a consensus target price of Rs 76.70.

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Suzlon Energy , a prominent player in the renewable energy sector, saw its shares trading higher as investors eagerly await the company's upcoming quarterly results announcement. The positive sentiment appears to be fueled by the company's impressive performance in the previous quarter.
Previous Quarter Highlights
In the January-March quarter, Suzlon Energy reported a remarkable 365.00% surge in consolidated net profit, reaching Rs 1,182.00 crore. This substantial increase was attributed to a Rs 600.00 crore deferred tax credit and robust operational performance. The company's revenue from operations also saw a significant jump of 73.00%, while EBITDA more than doubled during the same period.
Operational Achievements
Suzlon Energy's order book stands strong at 5.60 GW, indicating a healthy pipeline of projects. The company achieved a milestone in the fourth quarter, with deliveries reaching a record 573 MW, representing an impressive 110.00% year-on-year increase.
Stock Performance
On the National Stock Exchange (NSE), Suzlon Energy's stock rose as much as 1.86% to Rs 64.20. At the time of reporting, it was trading 0.32% higher at Rs 63.50. While the stock has experienced a decline of 20.98% over the past 12 months, it has shown resilience with a 2.14% gain year-to-date.
Analyst Outlook
The company's recent performance and future prospects have caught the attention of market analysts. Eight out of nine analysts have issued a 'buy' rating for Suzlon Energy stock. The consensus target price stands at Rs 76.70, suggesting a potential upside of 19.60% from current levels.
As Suzlon Energy prepares to announce its latest quarterly results, investors and industry observers will be keenly watching to see if the company can maintain its growth momentum and continue to capitalize on the expanding renewable energy market.
Historical Stock Returns for Suzlon Energy
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-4.36% | -7.48% | -7.73% | +13.18% | -25.26% | +1,586.59% |