Suzlon shares extend post-results rally for second straight session. Is this a stock to buy after Q3 results 2025?

  • Suzlon Energy share price extended post-results rally for the second straight session on Thursday as were locked in the 5% upper circuit on Thursday. Suzlon's Q3 results were declared on Tuesday post-market hours.

Ujjval Jauhari
Updated30 Jan 2025, 10:01 AM IST
  Stock Market Today: Suzlon Energy  share price in focus post Q3 results
Stock Market Today: Suzlon Energy share price in focus post Q3 results (MINT_PRINT)

Stock Market Today: Suzlon Energy share price extended post-results rally for the second straight session on Thursday as were locked in the 5% upper circuit on Thursday. Suzlon's Q3 results were declared on Tuesday post-market hours.

Suzlon Energy's Q3 net profit increased by 91% year-over-year (YoY) to 386.92 crore. Meanwhile, the earnings before interest, tax, depreciation and amortisation (EBITDA) surged 102% to 500 crore. The company's revenue in Q3 came in at 2,968.81 crore, up 91%.

The company has a record order book of 5.5 GW and recorded 447 MW in delivery.

 

Also Read | Stock market today: Five stocks to buy or sell on Thursday — 30 January 2025

Fundamental View

Suzlon Energy has delivered an impressive financial performance, with net profit nearly doubling to 387 crore in the latest quarter. A significant boost in other income to 27 crore further strengthened the bottom line. Revenue soared by 91% year-on-year to 2,968.8 crore, while EBITDA surged to 493.5 crore from 240.2 crore, with the EBITDA margin improving to 16.6%,” said Anshul Jain, Head of Research at Lakshmishree Investment and Securities.

The company reported record deliveries of 447 MW, reflecting a 163% growth. Its order book has reached an all-time high of 5.5 GW, with S144 turbines making up 92% of the total.

Suzlon is also scaling its manufacturing capabilities, adding new production lines at Ratlam and Jaisalmer, said Jain, adding that with these strategic expansions, Suzlon is well-positioned for continued growth.

Also Read | Tata Motors share price declines 8% post Q3 results: Buy, Sell or Hold?

Technical View

Suzlon share price is looking positive on the technical chart pattern, with the stock having made a strong base at 47 while it faces a hurdle at 55, said Sugandha Sachdeva, Founder of SS WealthStreet.

“On breaching above this hurdle, Suzlon shares may become highly bullish. So, Suzlon shareholders are advised to hold the scrip, maintaining a strict stop loss at 47 and wait for a free breakout above 55 on a closing basis. Likewise, fresh investors can also buy Suzlon shares, initiating momentum buying at the current market price, maintaining a stop loss at 47 apiece,” said Sachdeva.

Disclaimer: The views and recommendations above are those of individual analysts, experts, and brokerage firms, not Mint. We advise investors to consult certified experts before making any investment decisions.

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First Published:29 Jan 2025, 09:10 AM IST
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