In Short : Suzlon Energy reported a 91% YoY rise in consolidated net profit to ₹203 crore for Q3 FY24, with revenue at ₹1,553 crore. EBITDA surged 102% to ₹248 crore, reflecting a 15.9% margin. The company’s strong performance highlights its growth momentum in renewable energy, reinforcing its leadership in the wind energy sector. In […]
Suzlon Energy shares jump over 9%; here is why – EQ
In Short : Suzlon Energy shares surged over 9% following positive market sentiment driven by strong quarterly results and renewed investor confidence. The company reported improved financial performance and announced plans to expand its renewable energy projects. Additionally, the growing demand for sustainable energy solutions has bolstered investor interest, positioning Suzlon as a key player […]
Suzlon Energy profit down 21 pc to Rs 254 cr in Q4 – EQ
In Short : Suzlon Energy’s profit decreased by 21% to Rs 254 crore in Q4. This decline highlights the financial challenges faced by the company during the quarter, impacting its overall profitability. In Detail : Suzlon Energy slipped 4.89% to Rs 45.89 after the company reported 9.21% decline in consolidated net profit to Rs 254.12 […]
Suzlon Energy shares in focus over merger of wholly-owned subsidiary with itself – EQ
In Short : Suzlon Energy shares are in the spotlight due to the merger of its wholly-owned subsidiary with the company itself. This strategic move aims to streamline operations, optimize resources, and potentially enhance shareholder value, drawing attention from investors and stakeholders alike. In Detail : Highlighting the need for restructuring, Suzlon Energy said that […]
Suzlon bags 642 MW wind project from ABC Cleantech – EQ
In Short : Suzlon Energy has secured a 642 MW wind project from ABC Cleantech. This contract signifies a substantial development in the renewable energy sector, highlighting Suzlon’s role in advancing wind energy projects and contributing to India’s clean energy goals. In Detail : Renewables solutions provider Suzlon Group has secured a 642 MW wind […]
Suzlon Energy shares climb 4% on bagging 100.8 MW wind power project in Gujarat – EQ
In Short : Suzlon Energy shares have surged by 4% following the company’s successful acquisition of a 100.8 MW wind power project in Gujarat. This positive market response reflects investor confidence in Suzlon’s continued growth and contribution to the renewable energy sector, particularly in the field of wind power generation in the region. In Detail […]
Suzlon Energy Q2 profit up 81 pc to Rs 102 cr – EQ
In Short : Suzlon Energy, a leading renewable energy solutions provider, has announced a substantial increase in its second-quarter profit. The company’s profit rose by 81%, reaching Rs 102 crore, indicating a strong financial performance during this period. This growth highlights Suzlon Energy’s resilience and ability to navigate the renewable energy market effectively. The company’s […]
Suzlon Energy launches QIP to raise up to Rs 2,000 crore – EQ Mag
Suzlon Energy said its committee set the floor price of the QIP at Rs 18.44 a piece. It is based on the pricing formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations. Shares of Suzlon Energy Ltd will be in focus on Thursday morning after the board of wind turbine maker announced launching of […]
Suzlon Energy Q4 Results: Firm posts net profit of Rs 320 crore against Rs 205.52 crore loss YoY – EQ Mag
Renewable energy solution provider Suzlon on Tuesday posted a consolidated net profit of Rs 319.99 crore for the March 2023 quarter, mainly due to lower expenses. The company reported a consolidated net loss of Rs 205.52 crore in the quarter ended on March 31, 2022, a BSE filing showed. Its total income from operation dipped […]
Suzlon Energy plans to raise Rs 2000 crore via NCDs – EQ Mag
Mumbai : Suzlon Energy plans to raise over ₹2,000 crore by selling non-convertible debt instruments in its wholly owned subsidiary Suzlon Global Services, and is in talks with JP Morgan for the same, two people in the know said. The renewable energy company will use proceeds from the issue to prepay its term debt, one […]