Suzlon Energy Share Price Declines 4% Amid Strong Business Growth

Market Performance

Suzlon Energy’s share price declined by over 4% during morning trading on the BSE on February 27. The stock opened at ₹54.96, slightly above the previous closing price of ₹54.55, before falling to an intraday low of ₹52.32. This decline reflects ongoing volatility influenced by broader market trends.

In September 2024, Suzlon Energy reached a 52-week high of ₹86.04 but has since undergone a significant correction. Following a sharp downturn in equity markets, the stock hit a low of nearly ₹50 at the end of January 2025. Although it has shown signs of recovery, February has remained highly volatile for the stock.

Business Update

Suzlon Energy continues to secure strong order inflows, recently receiving a repeat order from Oyster Renewable in less than nine months. This latest addition brings Suzlon's total partnership with Oyster Renewable to 283.5 MW in Madhya Pradesh.

Additionally, Suzlon highlighted its highest-ever order book of 5.7 GW, driven by substantial growth in the commercial and industrial (C&I) segment. The company remains focused on strengthening its presence in the renewable energy sector, leveraging its expertise in wind energy solutions.

Recent Developments

On February 19, 2025, at 9:52 AM, Suzlon Energy observed a Material Price Movement (MPM) in its stock. In response to exchange inquiries, the company clarified that it did not know of any specific event or media reports that could have triggered the fluctuation.

Despite market uncertainties, Suzlon continues to expand its project portfolio and business partnerships, showcasing resilience in its operations.

Financial Performance

Suzlon Energy reported robust growth in Q3FY25, with a 91% year-over-year (YoY) increase in consolidated net profit. The company posted a net profit of ₹386.92 crore for the December quarter, up from ₹203.04 crore in the same period last year.

Operational revenue also surged 91%, reaching ₹2,968.81 crore compared to ₹1,552.91 crore in the corresponding quarter of the previous year.

Summary

Suzlon Energy’s stock experienced a 4% decline on February 27, reflecting broader market corrections and ongoing volatility. However, the company continues to secure significant orders, boasting its highest-ever order book of 5.7 GW. Strong financial results in Q3FY25, with both net profit and revenue nearly doubling YoY, underscore Suzlon's solid business performance. While short-term market fluctuations persist, the company maintains a strong position within the renewable energy sector.