The share price of this large wind energy company was up by 3.7 percent to an intraday high on Tuesday after reporting a net profit increase of 96.10 percent.
Share Price Movement
In Tuesday’s trading session, Suzlon’s share price was up by 3.7 percent touching the day’s high of Rs. 73.50. The stock was trading at Rs. 67.76 per share and was down 4.35 percent from the previous close of Rs.70.84 per share. In the past year, the stock has given around 114.87 percent returns.
Q2FY25 Results update
The initial stock surge was driven by the good results in revenue and net profits reported by Suzlon Energy Ltd for the recent quarter. In its latest filing for the quarter ending September 2024, the company announced a 48 percent rise in revenue, reaching Rs.2,103 crore compared to Rs.1,421 crore in Q2 FY24. On a quarter-over-quarter basis, the operational revenue was up by 4 percent from Rs.2,022 crore in Q1FY25.
During the same period, net profit increased by 97.05 percent to Rs.201 crore in Q2 FY25, compared to Rs.102 crore in Q2 FY24, and down by 33.44 percent from Rs.302 crore in Q1 FY25.
Regarding return ratios, the return on capital employed (ROCE) currently stands at around 24.90 percent, whereas the return on equity (ROE) is at 28.80 percent. The stock is trading at a P/E (Price to Earnings) ratio of around 93.2. The company also has a current ratio of 1.71 and a debt-to-equity ratio of 0.06 times.
The company earned the majority of its revenues from Wind Turbine Generator which contributed around 69.81 percent, Foundry and Forging – 3.86 percent, Operation and Maintenance services – 26.19 percent, and the remaining 0.14 percent from others in
Q2FY24. Wind Turbine and O&M have grown year over year and the foundry segment has contracted. Profits from wind turbines is positive compared to the previous year.
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Company Profile
Suzlon Energy was founded in 1995 by Tulsi Tanti. It is one of the prominent global renewable energy providers specializing in wind power. With over 20.8 GW of installed capacity across 17 countries they are leading the market in India with 14,820 MW of wind energy. Suzlon also integrates solar power into its portfolio while aiming for hybrid energy solutions.
Written by – Santhosh S
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