Suzlon Energy shares have extended their winning streak to eight consecutive days, driven by a stellar performance in the first quarter of fiscal 2025. The company’s net profit surged three times to Rs 302 crore, beating market estimates and surpassing last year’s figure of Rs 101 crore.
The renewable energy firm’s revenue also witnessed a significant increase of 50% to Rs 2,022 crore during the April-June quarter, indicating a strong demand for its services.
Suzlon Energy’s management expressed optimism about the company’s future prospects, citing its largest-ever order book of 3.8 gigawatts. This provides visibility for future growth and reinforces the company’s position in the industry.
The company’s shares rose as much as 3.91% to their highest level since March 9, 2010, and were trading 2% higher at Rs 69.5 apiece. This rally has resulted in a 267.44% increase in the stock’s value over the last 12 months.
