Shares of Suzlon Energy Ltd surged 5% to ₹52.77, hitting their upper circuit limit on January 29 after the company reported a 91% year-on-year (YoY) jump in net profit for the third quarter of FY25.
Q3 FY25 Financial Performance
- Net profit: ₹387 crore, up 91% YoY from ₹203 crore in Q3 FY24.
- Revenue from operations: ₹2,969 crore, surging 91% YoY from ₹1,553 crore in Q3 FY24.
- Quarterly deliveries: Record 447 MW in the quarter, with improved execution in the wind turbine generator segment.
Strong Order Book & Future Outlook
Suzlon’s order inflow of ~800GW has pushed its total order book to an all-time high of 5.5GW, with execution planned over the next 24 months. The company’s capacity ramp-up to 4.5GW has supported higher execution, though installations stood at 241MW in 9MFY25, compared to 618MW in 9MFY24.
Brokerage Upgrades & Price Targets
- Nuvama Institutional Equities upgraded Suzlon Energy to ‘Buy’ from ‘Hold’ and set a target price of ₹60, citing valuation comfort and the recent price correction.
- Morgan Stanley maintained an ‘Overweight’ rating, with a target price of ₹71 per share, expecting land acquisition constraints in the wind energy sector to improve from FY26.
The company also announced a planned capex of ₹350-400 crore for new blade manufacturing facilities in Madhya Pradesh and Rajasthan to meet rising demand.
