Suzlon Q2 Results: Revenue up 48%, net profit up 96% at ₹200 million
In comparison to the previous year, Suzlon Energy Ltd.’s net profit increased 96% to ₹200.20 crore in the second quarter. The July–September quarter saw a 48% increase in operating revenue.
Suzlon Q2 Results
On Monday, October 28, Suzlon Energy Limited released the results for the July through September quarter. According to the company’s BSE filing, net earnings increased by 96% to ₹200.20 crore in the second quarter of the fiscal year 2024–25 from ₹102.29 crore in the same period the year before.
Following Monday’s trading session, Suzlon Energy Ltd.’s shares ended the day 5.07 percent higher at ₹70.85, up from ₹67.43 at the previous market close. On Monday, the business made its results public after market hours.
In the second quarter of the fiscal year 2024–25, the renewable energy company’s income from core activities increased by 48% to ₹2,092.99 crore, up from ₹1,417.21 crore during the same time the year before.
Suzlon’s operation and maintenance services and the Wind Turbine Generator division are two examples of the company’s revenue-generating segments. Compared to ₹875.47 crore in the same time last year, the Wind Turbine Generator segment’s revenues climbed 72.14 percent to ₹1,507.07 crore in the second quarter.
According to corporate statements posted on Monday, the business’s operation and maintenance services sales increased 17.74% to ₹565.53 crore in the July to September quarter, up from ₹480.29 crore in the same period last year.
About Suzlon Energy
Based in Pune, India, Suzlon Energy Limited is a producer of wind turbines and a provider of renewable energy. On October 14, Mint announced that Suzlon’s stock had increased by more than 115%.
Over the past five years, the company’s share has increased by more than 2,800 percent. Market participants continue to be optimistic about this favorite stock of foreign institutional investors (FIIs). The FIIs think that Suzlon’s quick debt reduction and the rebound in the renewable energy industry will maintain the upward trend.
Our research from October 14 states that the stock is expected to reach ₹140 in the long run.
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