Suzlon Energy Share Price Updates July 25, 2024: Suzlon Energy stock hits 52-week high on clocking higher revenues

Shares of Suzlon Energy closed at ₹62.01 on the NSE and at ₹62 on the BSE, up 2.12% each. 

Shares of Suzlon Energy rose 2.55% on the NSE, trading at ₹62.27 as at 12.45 am.

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.

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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)

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)

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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).

Suzlon Energy stock is up 4.81% on the NSE, trading at ₹63.64 as at 9.42 am