Suzlon Energy Shares Rebounds 5% After 5-Day Loss, Boosted by Strong Earnings

Suzlon Energy shares saw a 5% increase on Thursday, November 14, breaking a 5-day losing streak in which the stock fell by over 22%. On Wednesday, Suzlon shares had dropped 9%, marking the 5th consecutive day of decline.

Circuit Limit Adjustments

The circuit limit, which caps how much the stock can rise or fall in a day, was recently raised to 10% but has now reverted to 5% for Suzlon Energy shares.

Quarterly Financials: Strong Revenue and Profit Growth

Suzlon Energy reported a 95.71% increase in consolidated net profit attributable to the company’s owners for the quarter ending September 30, 2024 (Q2FY25). A strong rise in revenue primarily drove this growth, although net profit of ₹200.20 crore fell slightly.

Suzlon’s revenue from operations reached ₹2,092.99 crore for Q2FY25, marking a 47.6% increase compared to ₹1,417.21 crore in the same period last year. However, expenses rose by 48.6% to ₹1,919.65 crore, up from ₹1,291.26 crore a year ago. The EBITDA margin for Q2FY25 came in at 14.1%, a small drop from the previous year’s 15.9% for the same quarter.

Order Book and Segment Breakdown

The company’s order book currently stands at 5.1 gigawatts (GW). This is distributed across 3 main segments:

• Commercial & Industrial (C&I), Captive & Retail: 54% (2.7 GW)
• Central & State Bids: 23% (1.2 GW)
• Public Sector Undertakings (PSUs): 23% (1.2 GW)

Last month, Suzlon signed an agreement with NTPC Green Energy to develop a 1,166 MW wind energy project in Gujarat, marking India’s largest wind energy order to date.

About Suzlon Energy

Suzlon Energy is a leading global provider of renewable energy solutions, specialising in wind turbine generators (WTGs). The company handles every stage of WTG production, from design to the manufacturing of key components such as rotor blades, towers, generators, control systems, gears, and nacelles. Beyond manufacturing, Suzlon offers a complete range of wind project services, including wind assessments, infrastructure setup, power connectivity, and technical planning.

Currently, Suzlon Energy shares are locked in a 5% upper circuit at ₹56.73 and have gained 47% year-to-date in 2024.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.