After 14% spike, Suzlon shares slip 4% on profit booking

After a sharp 14% rally on May 30—the stock's biggest intraday gain since June 2023—Suzlon Energy share price was trading nearly 4% lower today at ₹68.21. The decline is largely attributed to profit booking, as investors sought to lock-in gains following a strong upward trend supported by robust quarterly earnings and buoyant market sentiment. Suzlon's market capitalisation currently stands at ₹93,849 crore.

The stock had touched ₹74.30 on May 30 and closed at ₹71.19 on June 2. It has seen significant volatility over the past year, with a 52-week high of ₹86.04 on September 12, 2024, and a 52-week low of ₹44.21 on May 31, 2024.

Suzlon delivered strong financial results for the quarter ended March 31, 2025. Net profit surged to ₹1,180.98 crore, up from ₹254.12 crore a year earlier. Revenue from operations rose 73% year-on-year to ₹3,773.54 crore. EBITDA nearly doubled to ₹693 crore, with margins improving to 18.4% from 16.4%.

For the full financial year, the company posted a 213.7% jump in net profit to ₹2,071.63 crore. Annual revenue rose 34.6% to ₹3,141.74 crore. EBITDA for the year nearly doubled to ₹677 crore, with margins expanding to 17.1% from 15.8%.

Despite the short-term correction, analysts maintain a bullish view on the stock. Most brokerages have reaffirmed a ‘Strong Buy’ rating with a target price of ₹76, indicating an upside potential of approximately 9.75% from current levels. However, valuation concerns linger with the stock trading at a trailing P/E of 45.16 and a forward P/E of 56.8, suggesting earnings growth may moderate going forward.

As of March 31, 2025, Suzlon’s order book stood at 5.6 giga watts. The company installed 95 MW of wind turbine capacity during Q4, taking the total to 336 MW for FY25. An additional 371 MW has been erected and awaits commissioning. Suzlon reported a net worth of ₹6,100 crore and a net cash position of ₹1,943 crore.