Shares of renewable energy solutions provider Suzlon Energy are in focus as the company has posted a nearly 15 per cent rise in its consolidated net profit to Rs 445 crore in the October-December quarter. Following this, the stock opened in green at Rs 48.26 against the previous close of Rs 48.04 on the BSE. It gained further to touch the high of Rs 48.44, representing a gain of 0.83 per cent, before falling amid profit booking and touching the low of Rs 47.60. Last seen, the stock was trading at Rs 48.01 with a dip of Rs 0.03 or 0.06 per cent, and the market cap of the company stood at Rs 65,835.33 crore. Technically, the stock was trading higher than the 5-day and 20-day moving averages but lower than the 50-day, 100-day and 200-day moving averages.
Suzlon Energy quarterly results
The company has posted a nearly 15 per cent rise in its consolidated net profit to Rs 445 crore for the December quarter, mainly on the back of higher revenues. Its consolidated net profit was Rs 388 crore for the quarter ended December 31, 2024.
Revenue from operations rose to Rs 4,228 crore from Rs 2,969 crore in the same period a year ago.
In the third quarter, the company had a record orderbook of 6.4 GW with the highest-ever quarter deliveries at 617 MW, while 2.4 GW execution is underway.
Suzlon Group is a leading global renewable energy solutions provider, with 21.5GW of wind energy capacity installed across 17 countries.
Headquartered at Suzlon One Earth in Pune, India, the Group includes Suzlon Energy and its subsidiaries.
Share price history
According to BSE Analytics, the stock has gained 246.51 per cent in 10 years and 741.19 per cent in five years. While it has gained 423.91 per cent, the stock has corrected 8.17 per cent on a year-to-date (YTD) basis.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
