Suzlon Energy Limited saw a 5 per cent surge in its shares to ₹58.17 on the NSE at 11:15 am today, hitting the upper circuit following the release of strong third-quarter results for FY25. The company’s net revenue soared by 91 per cent year-over-year to ₹29.7 billion, driven by a 163 per cent increase in deliveries.
The wind turbine manufacturer reported an EBITDA of ₹5 billion, marking a 102 per cent year-over-year growth, with margins improving to 16.8 per cent compared to 15.9 per cent in the same quarter last year. Adjusted profit after tax reached ₹3.9 billion, showing a 91 per cent increase from the previous year.
Suzlon has expanded its manufacturing capacity to 4.5 GW and secured significant orders from clients such as NTPC, Torrent Power, and Jindal Renewables. These orders have already obtained land and right-of-way clearances, enhancing execution visibility.
JM Financial Institutional Securities reiterated a “Buy” rating on Suzlon with a target price of ₹80, citing the company’s strong order book and improved operational readiness. The brokerage firm based its valuation on 40 times December 2026 earnings per share.
The stock opened at ₹57.00 today, compared to the previous close of ₹55.40, and traded between a low of ₹56.55 and a high of ₹58.17.
Published on January 31, 2025.
