Suzlon Energy shares hit record high as Q1 profit triples

By Aditya Bhagchandani Published on July 23, 2024, 10:19 IST

Shares of Suzlon Energy Ltd. surged to a record high on Tuesday after the company reported a threefold increase in its consolidated net profit for the first quarter of the current financial year.

The renewable energy firm’s net profit for the quarter ended June was Rs 302 crore, significantly exceeding analysts’ consensus estimate of Rs 243.7 crore tracked by Bloomberg.

As of 10:15 AM, Suzlon shares were trading 4.85% higher at ₹57.75 on the NSE, hitting the upper circuit limit of 5%.

Suzlon Energy

Aditya Bhagchandani

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.