Suzlon Energy posted a 15% rise in Q3 net profit and record deliveries, signalling strong demand for wind power despite a dip in its share price
Suzlon Energy on Thursday posted a nearly 15 per cent rise in its consolidated net profit to Rs 445 crore fot the December quarter mainly on the back of higher revenues. Its consolidated net profit was Rs 388 crore for the quarter ended December 31, 2024, a company statement said. Revenue from operations rose to Rs 4,228 crore from Rs 2,969 crore in the same period a year ago. In the third quarter, the company had a record orderbook of 6.4 GW with the highest-ever quarter deliveries at 617 MW while 2.4 GW execution is underway. Girish Tanti, Vice Chairman, Suzlon Group, said in the statement, "Key growth priorities under Suzlon 2.0 include launching DevCo as a standalone FDRE project development vertical, transforming OMS into a digital-first platform, setting up smart manufacturing facilities, and capitalising on global opportunities." As electric mobility gains traction, AI capacity expands, and industrial decarbonisation accelerates, the green transition is gaining significant
Although Suzlon Energy shares later pared some of their losses, they continue to trade lower on the bourses
The northward movement in Suzlon's stock followed the announcement that the company had secured the 248.85 MW wind energy order from ArcelorMittal
Home-grown renewable energy solutions provider Suzlon Group on Monday said it has appointed Paulo Fernando Soares as President of its Europe business to accelerate growth in the region. Soares joins the company after a short stint at Sany Renewables in Europe, where he was serving as Managing Director, Suzlon said in a statement. The company said it is strengthening its global leadership structure to drive the next phase of international growth under its Suzlon 2.0 strategy. With four decades of experience in the wind industry, Soares will lead Suzlon's European operations with a mandate to develop regional capabilities, forge strategic partnerships, strengthen customer engagement, and drive market access across Europe. His track record includes leadership roles in business development, sales, and operations, it said. Soares' role will also encompass building a robust organisational framework to ensure long-term success across European markets, the statement said, adding that he h
Motilal Oswal said the Nifty is trading at a 12-month forward P/E of 21.2x, near its long-period average of 20.8x, suggesting valuations are reasonable.
The brokerage's analysis of its universe of stocks revealed that after a prolonged period of earnings cuts, companies are beginning to report earnings upgrades.
Suzlon Energy stock: The brokerage has trimmed its target price to ₹60 from ₹66, reflecting a lower valuation multiple due to a temporary slowdown in central tendering activity.
Motilal Oswal has a 'Buy' rating on Suzlon Energy with a target price of ₹74, an upside potential of 43 per cent from the previous close
Despite global headwinds and subdued returns in Samvat 2081, analysts expect the coming year to offer selective opportunities across banking, consumption, infrastructure, and technology themes.
Persistent challenges around transmission connectivity, land acquisition, and right-of-way (RoW) are likely to cap India's wind additions at 7-8 GW annually from FY27
On an average, Suzlon and Transformers and Rectifiers (India) have delivered 48 per cent and 52 per cent gain in the last 5 December quarters, shows historical data.
Suzlon Group on Tuesday said it has secured an 838 MW order from Tata Power Renewable Energy, the largest order of this fiscal year, as part of its firm and dispatchable renewable energy project. This is also Suzlon's second-largest order ever, following the 1,544 MW order from NTPC Green Energy, and demonstrates the growing role of FDRE projects in accelerating India's energy transition, a company statement said. The 838 MW project will comprise 266 of Suzlon's S144 wind turbines, each with a rated capacity of 3.15 MW, strategically located across Karnataka (302 MW), Maharashtra (271 MW), and Tamil Nadu (265 MW). The project is part of the FDRE bids awarded to SJVN and NTPC. "As Tata Power Renewable Energy embarks on a strategic transformation to achieve 100% clean power by 2045, we're proud to support this ambitious journey with our advanced, 'Made in India' wind technology. Our partnership, spanning over a decade and marked by the third repeat order, underscores our shared ...
Tata Power Renewable Energy signed a contract with Suzlon Group for the supply of wind turbine generators totalling 838 MW
Among solar-related stocks, ACME Solar Holdings has surged up to 55% so far this year; technical charts hint at favourable bias for AMCE and other 2 solar energy-related shares.
Renewable energy solutions provider Suzlon on Tuesday said its 'Made in India' wind turbine model, S144, has recorded the lowest product carbon footprint of 6.17 gCO2 per kilowatt-hour of electricity generated. This achievement has been independently verified by Indian Register Quality Systems (IRQS), a certification and testing organization, a company statement said. "With the S144, we prove that world-class clean energy can be designed and built sustainably in India. "Our next step is to move from lowest-carbon manufacturing to true circularity, setting new benchmarks for the renewable energy industry," said JP Chalasani, Chief Executive Officer, Suzlon Group. Recently, TV SD Poland, a globally renowned 150-year-old certification and testing organization, also verified S144 as a low-carbon footprint wind solution, the statement added. Suzlon has redesigned the turbine to cut steel use by 2.5 times, incorporating recycled steel and scrap, while sourcing 83.25 per cent of componen
Suzlon Energy is also preparing to enter overseas markets, with exports to the Middle East and Europe expected to begin by FY27.
The Indian industry is at a stage where renewables have moved from a "nice to have" to "must have" position, says Tanti
At 10:20 AM, Suzlon Energy share price was trading 3.06 per cent lower at ₹61.19 per share. In comparison, BSE Sensex was trading 0.31 per cent higher at 80,484.64 levels.
Suzlon Energy on Tuesday posted a 7.3 per cent rise in its consolidated net profit to Rs 324.32 crore for the June quarter, driven mainly by higher revenues. The company had posted a net profit of Rs 302.29 crore in the corresponding quarter last year, a company statement stated. Total income of the company rose to Rs 3,165.19 crore from Rs 2,044.35 crore in the same period a year ago. The company stated it received 1 GW of orders in the quarter, taking its total order book to 5.7 GW. The company said it has recorded consistent growth in its order book over the last 10 quarters and achieved its highest-ever deliveries of 444 MW in Q1. The EBITDA rose to Rs 599 crore in the quarter, up from Rs 370 crore in the year-ago period. Girish Tanti, Vice Chairman, Suzlon Group, said, "The rising demand from C&I and PSU customers, along with a strong base of repeat orders, reflects the trust in Suzlon's technology leadership and execution capabilities." Himanshu Mody, Chief Financial ...