Suzlon Energy shares rally 10% in 2 days to hit all-time high after 200% YoY jump in PAT

Shares of Suzlon Energy surged 10% in the last two days touching its new all-time high of Rs 60.71 on BSE on Wednesday after the company reported a 200% year-on-year (YoY) growth in its consolidated net profit for the quarter that ended June 2024 at Rs 302 crore.

The stock surged 5% to hit its upper circuit in Monday’s session as well.

The company's revenue from operations in the reported quarter stood at Rs 2,016 crore versus Rs 1,348 crore reported in the year-ago period, rising 50% YoY.


Among major milestones hit by the company in the April-June quarter were the highest Q1 deliveries in 7 years at 274 MW, a 103% increase, along with the highest quarterly EBITDA in 7 years, the company filing claimed. The company also reported its largest‐ever order book of 3.8 GW since inception (29 years).

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Shares of Suzlon Energy have given multibagger returns of 203% in the last one year and have multiplied by nearly 10 times in the last two years. On a year-to-date basis, the stock has increased by nearly 58%.

The Suzlon Group is one of the leading renewable energy solutions providers in the world with 20.8 GW of wind energy capacity installed across 17 countries. Headquartered in Pune, Suzlon Energy is a vertically integrated organisation, with in‐house research and development (R&D) centres in Germany, the Netherlands, Denmark and India.

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