Suzlon’s positive momentum is driven by its recent bagging of a significant 1,166 MW wind energy order from NTPC Green Energy. This deal strengthens Suzlon’s order book, which now stands at a record 5.1 GW, providing enhanced revenue visibility and stability. With a robust order pipeline, Suzlon seems well-positioned for sustained growth and predictable earnings in the long term.
On Wednesday, Suzlon Energy closed 9% lower on the BSE due to market volatility and concerns over rising input costs and competition in the wind turbine manufacturing industry, coupled with the resignation of Ishwar Chand Mangal, Suzlon’s CEO of new business, effective November 8.
Mangal, who had been with the company for nearly 28 years, stepped down to pursue new opportunities.
However, Thursday’s recovery suggests that investor sentiment remains largely positive, driven by the company’s strong order book and a growing shift toward renewable energy in India.
Also read | Suzlon Energy Q2 results: Net profit jumps 96% YoY to Rs 201 crore, revenue up 48%Suzlon Energy reported a remarkable 95.72% year-on-year increase in its second-quarter net profit for FY25, reaching Rs 200.20 crore, compared to Rs 102.29 crore in the year-ago period.The company saw a 47.68% rise in revenue from operations, which stood at Rs 2,092.99 crore for Q2 FY25, up from Rs 1,417.21 crore in the previous year. Suzlon attributed the growth to consistent year-on-year improvement in EBITDA, which reached Rs 294 crore during the quarter.
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