Suzlon Energy Q4 Results Show 365% Surge in Profit to ₹1,181 Crore; Motilal Oswal Recommends 'BUY' with ₹83 Target Price; Company Guides for 60% Growth.
Suzlon Target Price: Friday proved to be a stellar day for investors in Suzlon Energy Ltd., a leading player in India's energy sector. The company's shares surged by 14% in early trading, driven by its exceptional March quarter (Q4) results. Suzlon Energy's profit jumped fivefold to ₹1,181 crore, significantly bolstering investor confidence.
Suzlon Energy's Quarterly Results
Suzlon Energy released its quarterly report after market hours on Thursday. The report revealed that its consolidated net profit for the January-March quarter soared by approximately 365% to ₹1,181 crore, compared to ₹254.12 crore in the same period last year. This surge in profit was attributed to b revenue growth. Suzlon's total revenue in the March quarter increased by 73% to ₹3,825.19 crore, up from ₹2,207.43 crore in the previous year.
Suzlon Energy also demonstrated impressive performance throughout fiscal year 2023-24. Its consolidated net profit rose from ₹660 crore to ₹2,072 crore, while its total annual revenue increased to ₹10,993.13 crore, compared to ₹6,567.51 crore in the previous year.
Motilal Oswal Recommends Buy: Target Price Set at ₹83
Following Suzlon Energy's b results, brokerage house Motilal Oswal issued a 'BUY' rating for the energy company's stock, raising the target price to ₹83. Currently trading around ₹65, the stock potentially has a further upside of approximately 28%.
Motilal Oswal stated that the company exceeded expectations, showcasing remarkable growth in delivery and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). The company's EBITDA increased by 38%, indicating b sector performance.
Strong Future Guidance from the Company
Suzlon Energy's management shared its future targets, outlining a goal of at least 60% year-on-year growth in delivery, revenue, EBITDA, and profit (PAT) for fiscal year 2025-26. This guidance is a positive signal for the market and investors, reflecting management's confidence.
Motilal Oswal believes these targets are entirely reasonable, given current industry trends and policy support. Suzlon's role in the energy sector appears to be expanding.
Suzlon Energy Share Performance: Impressive Returns Over the Past Year
Suzlon Energy shares have delivered significant returns for investors. The stock has risen by 30% in the past month, 46.16% in three months, and 15.40% in six months. The one-year return has reached 60.27%, while the two-year return stands at 581.35%, and the five-year return is an impressive 2700%.
The stock's 52-week high is ₹86, and its 52-week low is ₹44.21. Its market capitalization on the BSE is ₹99,159 crore.
