Shares of Suzlon Energy opened 3% higher at ₹73 on October 29, following the announcement of strong Q2 results. However, the stock experienced a reversal and was trading down by 1.43%, priced at ₹69.84 on the BSE by the end of the day. The company's recent quarterly performance has garnered interest in share market investment, as Suzlon Energy's financial indicators for Q2 FY25 showed significant improvement over the same period last year.
Strong Q2 profit growth reported
In the quarter ending September 30, 2024, Suzlon Energy reported a consolidated net profit of ₹201 crore, almost doubling from ₹102 crore in the same period the previous year. The increase in net profit reflects the company's resilience in the renewable energy sector and has drawn attention from investors considering share market investment opportunities.
Revenue and income performance in Q2
Suzlon Energy's total income for Q2 FY25 rose to ₹2,121.23 crore, up from ₹1,428.69 crore in the previous year's quarter. The company's net revenue grew 47.7% year-on-year (YoY), reaching ₹2,093 crore, a substantial increase from ₹1,417 crore YoY. These results have positioned Suzlon Energy as a notable option for those monitoring share market investment trends within the renewable energy sector.
Earnings before interest, tax, depreciation, and amortisation (EBITDA)
Suzlon Energy's EBITDA for Q2 saw a 30.6% YoY growth, coming in at ₹294 crore. Despite the positive revenue growth, the EBITDA margin dropped to 14.1% from 15.9% in the corresponding quarter of the previous fiscal year. This shift in margin offers insights into the evolving financial performance, contributing to investor interest in Suzlon Energy as a share market investment.
Order book reaches 5.1 GW
Suzlon Energy's order book stood at 5.1 gigawatts (GW) by the close of the September quarter. The company has reportedly built a stable order base, with its latest innovation, the S144 model, specifically designed for low-wind conditions, securing 4.7 GW of firm orders. This strong order book has become a key factor for those considering Suzlon Energy for share market investment.
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