Suzlon Energy share price surged 13.57% to ₹74.30 on the BSE, registering its biggest intraday gain since June 2023.
Shares of Suzlon Energy surged nearly 14% in a muted broader market, hitting its highest level since October 2024, as investors cheered its robust March quarter earnings report. The renewable energy company has delivered a strong set of results, while its management maintained its positive outlook for FY26, which is broadly in line with Street estimates.
Snapping previous session losses, Suzlon Energy shares gained as much as 13.57% to ₹74.30 on the BSE, registering its biggest intraday gain since June 2023. Early today, the largecap stock opened 9.7% higher at ₹71.78 after ending 1.37% lower in the previous session.
At the time of reporting, Suzlon Energy share price was quoting at ₹71.59, up 9.4%, with a market capitalisation of ₹98,217 crore. The counter saw strong volume as 5.15 crore shares changed hands over the counter compared to two-week average of 1.17 crore stocks.
Suzlon Energy shares touched its 52-week high of ₹86.04 on September 12, 2024, and a 52-week low of ₹44.21 on May 31, 2024. The stock has delivered 59% returns in the last one year, while it added over 10% in the calendar year 2025. The renewable stock has registered a strong rally of 28% in the last one month.
Strong Q4 results boosted rally
For the fourth quarter ended March 31, 2025, the wind turbine manufacturer’s net profit zoomed multi-fold to ₹1,180.98 crore as against ₹254.12 crore reported in the same period of the previous fiscal year. The revenue from operations surged 73% year-on-year (YoY) to ₹3,773.54 crore from ₹2,179.20 crore in Q4 FY24. On the operating front, Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) nearly doubled to ₹693 crore, while margin improved to 18.4% from 16.4% in the same period last year.
For the full financial year 2025, Suzlon Energy’s net profit jumped 213.7% YoY to ₹2,071.63 crore, while revenue climbed 34.6% YoY to ₹3,141.74 crore. The company's EBITDA nearly doubled to ₹677 crore from ₹340 crore last year. EBITDA margin increased by over 130 basis points to 17.1% from 15.8% in the year-ago quarter.
"FY25’s performance sets the stage for Suzlon’s next phase of strategic evolution and market leadership. Achieving our highest profitability in a decade, strong cash reserves, and a record order book are the direct outcomes of our disciplined business transformation and sharp operational focus,” said Girish Tanti, Vice Chairman, Suzlon Group.
As of March 31, 2025, Suzlon’s order book was at 5.6 giga watt (GW). During the March quarter, a total of 95 MW of wind turbine generators (WTGs) were installed during the quarter, bringing FY25 installations to 336 MW. An additional 371MW has been erected and is ready for commissioning. The net worth of the company stood at 6,100 crore, while net cash position improved to ₹1,943 crore.
Analysts maintain ‘BUY’ ratings
Post Q4 results, Motilal Oswal reiterated ‘BUY’ rating on the stock, with an upgraded target price of ₹83, implying a 27% upside potential from Thursday’s closing level.
“While FY27 guidance was not provided, management expects India-level wind installations to improve to 6/7-8/9GW in FY26/FY27/FY28 (FY25: 4.2GW),” the brokerage said in a report.
As per the report, Suzlon’s management has maintained its positive outlook and guided at least 60% YoY improvement in deliveries, revenue, EBITDA, and adjusted PAT for FY26.
JM Financial has also maintained ‘BUY’ rating on the stock with a revised price target of ₹81 per share. “Considering deliveries of 2500 MW/3100 MW in FY26/FY27, we arrive at an EPS of ₹1.58/ ₹2.32 during FY26/FY27 and, maintain our BUY rating on the stock with a revised TP of ₹81 based on a 35xFY27 EPS,” it said in a note.
With the manufacturing capacity of 4.5 GW and highest-ever order book of 5,025 MW as on Mar’25, company is confident of 60% growth in key performance parameters like deliveries. India's wind energy momentum, which was once perceived as constrained, is now on an accelerated path driven by the demand for hybrid renewable projects, ensuing control on imports from China, and improved visibility on execution, the report noted.
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