Suzlon Power shares zoom 10% in 2 days as Q3 outcomes impress

Suzlon Power shares prolonged their rally on Thursday, January 30, surging one other 5% to hit the higher circuit of Rs 55.39 on the BSE in intraday commerce. With this, the inventory has proven a powerful surge of 10% in simply 2 days, after posting its Q3 outcomes.

The rally resulted from Suzlon’s spectacular Q3 outcomes, whereby it posted a 90% year-on-year (YoY) surge in internet revenue to Rs 386.92 crore for the quarter ended December 31, 2024.

The corporate’s income from operations additionally noticed a pointy improve of 91% YoY, reaching Rs 2,968.81 crore.

The corporate’s income from operations for the December 2023 quarter stood at Rs 1,552.91 crore, whereas the renewable power agency had posted a revenue of Rs 203.04 crore within the third quarter of the earlier yr.

Suzlon Power’s whole earnings for Q3 FY25 surged 91% YoY to Rs 3,002.36 crore, in comparison with Rs 1,569.71 crore in the identical interval final yr. Notably, the corporate’s EBITDA greater than doubled to Rs 500 crore, with an EBITDA margin of 16.8% for the quarter.Additionally learn: Whirlpool India shares plunge 20%, hit decrease circuit as mother or father agency plans to dump 20% stake

Suzlon Power share worth goal

Put up the corporate’s Q3 outcomes, the home brokerage agency JM Monetary additionally commented on the identical whereas sustaining a ‘purchase’ score on the inventory and a goal worth of Rs 80, down from Rs 81 earlier.“The manufacturing capability has been elevated to 4.5 GW. A number of giant orders from NTPC, Torrent Energy, and Jindal Renewables have secured land and ROW, thereby offering improved visibility for execution. With a robust order e book, augmented manufacturing capability, enhanced operational readiness – bolstered by new management at enterprise teams and provide chain enhancements and enough working capital, we imagine that the corporate is well-positioned for appreciable efficiency development sooner or later,” the home brokerage agency stated in its report.

Nonetheless, JM Monetary stated that the tempo of capability addition on the nation degree will proceed to be a vital metric for monitoring transferring ahead.

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