Suzlon Energy Share Price Down 2% As Market Awaits Q4 Result; Focus on Order Book, Margins

Suzlon Energy Share Price Today: Shares of Indian renewable energy producer, Suzlon Energy slumped on Thursday ahead of its March quarter earnings announcement.

Suzlon Energy shares opened higher on Thursday only to reverse their gains and snap the three-day winning streak. Suzlon Energy shares were trading 2.04% lower at Rs 64.98 per share on BSE at 11:30 am on Thursday. Their market capitalisation stood at Rs 88,690.46 crore.

Suzlon Energy Share Price Up 6% In Last Trading Session

The company scrip's share price has gained nearly 6.13% in past five trading session. According to BSE, Suzlon Energy's stock price value has surged nearly 12.78% in one month and by 30.72% in three months. Suzlon Energy's stock value has increased nearly 40.89% in one year. The stock touched its 52-week high mark of Rs 86 per equity share on 12 September 2024 and dipped to its 52-week low mark of Rs 43.50 apiece on 29 May 2024.

Suzlon Energy Q3 Results

The heavy electrical equipment sector company reported a sequential rise in its net profit to Rs 200.61 crore during the December quarter of the financial year 2024-25. Its net profit stood at Rs 83.72 crore during the September quarter of FY25. Company's net revenue stood at Rs 2,291.85 crore during the December quarter, against Rs 1,412.14 crore reported during the September quarter.

Suzlon Energy Parnership With NTPC Green Energy

Suzlon Energy entered into partnership with NTPC Green Energy in April to consolidate its growth in the green energy sector. The two companies have come together to execute a wind energy project of 378 MW.

As per the company press release, NTPC Green Energy has announced a 378 MW wind energy project with Suzlon Energy. As per the contract between the two sustainable energy market players, Suzlon will provide 120 S144 Wind Turbine Generators (WTG) with Hybrid Lattice Towers (HLT). These wind turbines along with towers will have a capacity of 3.15 MW. The company will undertake foundation, erection, and commissioning for the project. Suzlon Energy will also be responsible for the project commissioning and will also be responsible for maintenance and services.

"Securing major and high‐quality projects in the PSU sector is a key part of our growth strategy, and our order with NGEL highlights the success of this approach. It shows our ability to deliver reliable solutions while supporting India's clean energy goals. This partnership strengthens our role as a trusted partner in India's renewable energy journey," said JP Chalasani, Chief Executive Officer, Suzlon Group.

Suzlon Energy's partnership with NGEL will boost the company's capacity and will also expand its role of providing affordable wind energy to NGEL.

About Suzlon Energy

Suzlon Energy is involved in the generation of nearly 20.9 GW of wind energy via its installations in more than seventeen countries. The Pune-headquartered company is managing assets worth 15 GW. Apart from this additional 6 GW of energy assets have been installed outside India. Suzlon Energy portfolio also includes advanced 2.x MW and 3.x MW series of wind turbines.