Suzlon Energy Reports Impressive Q2 Results
India’s leading renewable energy company, Suzlon Energy, has announced a remarkable 96% increase in net profit for the second quarter of the financial year 2024-25, reaching ₹200.20 crore. This is a significant jump from ₹102.29 crore during the same period last year.
Revenue Growth Highlights
The company’s revenue surged by 48% to ₹2,092.99 crore, compared to ₹1,417.21 crore in Q2 of the previous year. A major contributor to this growth is the wind turbine generator segment, which saw a revenue increase of 72.14%, totaling ₹1,507.07 crore.
Stock Performance Insights
Suzlon Energy’s shares rose 7% to ₹72.66 in recent trading. Despite a 12% decline over the last month, the stock has appreciated 90% year-to-date, delivering a remarkable 125% return to investors over the past year.
Management Changes and Future Outlook
Girish Tanti has been appointed Chairman of the Indian Wind Turbine Manufacturers Association, signaling potential positive developments in the sector. Industry experts emphasize the need for significant increases in renewable energy capacity globally to combat climate change.
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Summary at glance
Suzlon Energy, a leading renewable energy company in India, reported a 96% increase in net profit for Q2 FY 2024-25, reaching ₹200.20 crore, up from ₹102.29 crore the previous year. Revenue also surged by 48% to ₹2,092.99 crore, largely driven by the wind turbine generator segment, which alone grew by 72.14%. Despite a recent stock dip, shares have risen 90% in 2023, reflecting growing investor confidence and strong performance in the renewable sector.
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