Multibagger Suzlon Power Ltd. share value jumped almost 4% in early commerce on Tuesday after revenue surged almost twofold within the second quarter of fiscal 2025.
The wind turbine producer reported a backside line of Rs 200.6 crore within the July-September quarter, in comparison with Rs 102.3 crore in the identical interval final 12 months. The outcomes got here after market hours on Monday. Income rose 48% to Rs 2,103.4 crore, over final 12 months’s Rs 1,421.4 crore.
On the working aspect, earnings earlier than curiosity, tax, depreciation and amortisation superior 31% to Rs 294.2 crore. Nevertheless, margin declined to 14% from final 12 months’s 15.8%.
As of October, Suzlon Power’s wind order e book stood at its highest ever level at 5.1 GW, which it plans to execute throughout the subsequent 18 to 24 months, as per officers in a post-earnings convention name.
To assist this development, the corporate is ramping up its manufacturing capability to 4.5 GW by March 2025. As well as, it efficiently monetised its company workplace for Rs 440 crore.
The second half of the fiscal is anticipated to see a rise in turbine commissioning, with anticipated wind installations in India projected at 5 GW for this 12 months, 6 GW for fiscal 2026, and a big leap to 9-10 GW yearly from fiscal 2027 onward, officers stated.
