Suzlon reported a stellar 90% year-on-year (YoY) improve in web revenue, reaching Rs 386.92 crore for the quarter ended December 31, 2024. The corporate additionally noticed vital development in income from operations, which rose by 91% YoY to Rs 2,968.81 crore. This compares to income of Rs 1,552.91 crore and a web revenue of Rs 203.04 crore in the identical quarter final 12 months.
Suzlon’s complete earnings additionally surged by 91% YoY to Rs 3,002.36 crore, up from Rs 1,569.71 crore.
In the meantime, the EBITDA greater than doubled to Rs 500 crore, with a formidable EBITDA margin of 16.8% for the quarter. The robust Q3 efficiency has clearly resonated with buyers, driving the inventory’s current surge.
Submit the Q3 earnings, here’s what numerous brokerage companies say in regards to the inventory:
JM Monetary: Purchase | Goal value: Rs 80
JM Monetary maintained a ‘purchase’ score on the inventory with a goal value of Rs 80. Manufacturing capability elevated to 4.5 GW. Massive orders from NTPC, Torrent Energy, and Jindal Renewables, with secured land and right-of-way, enhance execution visibility. With a powerful order guide, larger capability, higher operations (supported by new management and provide chain enhancements), and enough working capital, Suzlon is well-positioned for future development. Nonetheless, the tempo of nationwide capability addition stays a key issue to observe.Additionally learn: Shares in information at present: Protection shares in focus forward of Funds 2025
ICICI Securities: Purchase | Goal value: Rs 80
ICICI Securities maintained a ‘purchase’ score on the inventory with a goal value of Rs 80.
Suzlon reported revenues of Rs 2,970 crore, EBITDA of Rs 500 crore (+91% YoY) and revenue of Rs 380 crore, beating consensus– led by the execution of 457MW of wind generators. Order influx in Q3/9M was 0.7GW/3GW. Consequently, the order guide swelled to five.5GW at end-Jan’25. The outlook for the near- to medium-term stays robust. Suzlon has seen robust traction by way of order inquiry and shall be selective in reserving new orders, focussing extra on the execution entrance. With its Pondicherry plant changing into operational, one other 1.5GW capability shall be added, taking the whole to 4.5GW; thus, ramping up execution within the subsequent 18 months.
Morgan Stanley: Obese| Goal value: Rs 71
Morgan Stanley has maintained an ‘chubby’ score on Suzlon Vitality, with a goal value of Rs 71.
The corporate posted a powerful beat in Q3FY25 and holds a big order guide of 5.5GW, anticipated to be executed in Q4FY25 and FY26. Suzlon anticipates that wind trade constraints round land acquisition will enhance from FY26, and turbine inquiries are on the rise. Moreover, the corporate plans to speculate Rs 350-400 crore in new blade manufacturing strains in Madhya Pradesh and Rajasthan.
(Disclaimer: Suggestions, strategies, views and opinions given by the consultants are their very own. These don’t symbolize the views of The Financial Occasions)
