Suzlon Energy Share Price Slumps Ahead Of Q4 Results
Share price of Suzlon Energy Ltd. dipped in Thursday's trade, ahead of the company's declaration of its final quarter results for fiscal 2025.
The renewable energy player is expected to post revenue from operations of Rs 3,841.8 crore, jumping 76% from its March-quarter revenue of Rs 2,179.2 crore.
Net profit of the company is likely to be Rs 456.2 crore, as per analysts tracked by Bloomberg, an 11.9% increase from Rs 254.1 crore in the corresponding quarter of the previous fiscal.
On the operating side, earnings before interest, taxes, amortisation and depreciation is Rs 577.3 crore, up from Rs 359.8 crore. Margins, however, are expected to see a contraction from 16.5% to 15%.
Suzlon Energy, founded in 1995, is a leading global renewable energy solutions provider. The company has a total of 20.9 GW of installed wind energy capacity. The company caters to clients across 17 countries.
Suzlon is among over 500 companies which are set to report their final quarter results on Thursday. Another notable name among energy sector players is SJVN. Lemon Tree Hotels and government-backed India Tourism Development Corporation will also release earnings.
Suzlon Share Price Today
The scrip fell as much as 2.29% to Rs 64.80 apiece. It pared losses to trade 1.76% lower at Rs 65.15 apiece, as of 11:00 a.m. This compares to a 0.02% advance in the NSE Nifty 50.
The stock has risen 4.47% on a year-to-date basis, and 41% in the last 12 months. The relative strength index was at 74.65.
Out of eight analysts tracking the company, six maintain a 'buy' rating, and two recommend a 'hold', according to Bloomberg data. The average 12-month consensus price target implies an upside of 8.2%.
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