uzlon Energy Share Price Live Updates Today July 25, 2024: Suzlon Energy stock has continued to surge after its Q1 results. Suzlon Group on Monday said its profit after tax (PAT) jumped 200 per cent to ₹302 crore in this June quarter as against ₹101 crore in the year-ago period.
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- July 25, 2024 10:09
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- July 25, 2024 10:03
JM Financial maintains ‘buy’ call on Suzlon Energy
Suzlon Energy Ltd (Suzlon) reported 1QFY25 net revenue of INR 20.2bn, +50%/-8%/+10%/- 5% YoY/ QoQ/ JMFe/ Cons. EBITDA came in at INR 3.7bn, +86%/ +4%/+55% /+55% YoY/ QoQ/ JMFe/ Cons with improvement in margin to +18%/+15%/13% 1QFY25/ 1QFY24/ JMFe due to higher volume of equipment supplies and lesser execution. Adj. PAT came in at INR 3bn, +226%/+8%/+86%/+24% YoY/ QoQ/ JMFe/ Cons due to higher interest income. We believe that gradual building of momentum for higher execution, healthy order book, morehealthy bid pipeline, strengthening of balance sheet and the organization are driving the company for the next-level of growth (Wind blows again as the sun shines). We maintain our BUY rating on the stock with a TP of INR 71 (based on a 35x FY26E EPS).
- July 25, 2024 09:58
Suzlon Energy stock in focus
Suzlon Energy stock is up 4.81% on the NSE, trading at ₹63.64 as at 9.42 am
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Published on July 25, 2024
