Suzlon Energy shares soar 13% after Q4 profit surges 365% YoY to Rs 1,182 crore. Should you buy, sell or hold?

Suzlon Energy shares soared 13% in early trade to their day’s high of Rs 73.81 on the BSE on Friday after the company reported a 365% year-on-year (YoY) surge in its consolidated net profit for Q4FY25 to Rs 1,182 crore, compared to Rs 254 crore in the same period last year.

Revenue from operations rose 73% YoY to Rs 3,773 crore, compared to Rs 2,179 crore in Q4FY24. On a sequential basis, profit after tax (PAT) jumped 205% from Rs 387 crore in Q3FY25, while revenue increased 27% from Rs 2,969 crore in the previous quarter.

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Segment revenue

The company earned revenues from the wind turbine generator business, Foundry & Forging and operation & Maintenance Service. It also earned income from other sources at Rs 4 crore.

-- Wind Turbine Generator: The Q4FY25 revenue stood at Rs 3,142 crore versus Rs 2,336 crore in Q3FY25 and Rs 1,532 crore in Q4FY24.
-- Foundry & Forging: The Q4FY25 revenue stood at Rs 168 crore versus Rs 146 crore in Q3FY25 and Rs 158 crore in Q4FY24.
-- Operation & Maintenance Service: The Q4FY25 revenue stood at Rs 591 crore versus Rs 580 crore in Q3FY25 and Rs 574 crore in Q4FY24.

Should you buy, sell, or hold Suzlon Energy's stock? Here’s what brokerages say:

Motilal Oswal

Motilal Oswal has maintained a ‘Buy’ rating and raised its target price to Rs 83, implying a 27% potential upside from the last closing price and an 11.7% gain from Friday’s intraday high. The brokerage said Suzlon’s Q4 results were well above expectations, driven by stronger-than-expected WTG deliveries and margin expansion.

“Suzlon delivered a strong set of results, with deliveries and EBITDA coming in approximately 15% and 38% ahead of our estimates,” Motilal Oswal said. The management also guided for at least 60% YoY growth in deliveries, revenue, EBITDA, and adjusted PAT for FY26.

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Morgan Stanley

Morgan Stanley has an ‘Overweight’ rating on Suzlon with a target price of Rs 77.

The firm expects 60% YoY growth in FY2026 across WTG volume, revenue, EBITDA, and PAT. It noted a contribution margin of 23% in the WTG segment and tax rate guidance of around 25% (largely non-cash). The company has also projected a capital expenditure of Rs 4,000–4,500 crore for FY26.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)