Suzlon's Share Price Rises Over 4% Due to Exceptional Financial Performance

Tuesday, 23 July 2024, 05:33

Suzlon Energy experienced a significant increase in its share price, rising over 4% to Rs 57.70 on Tuesday, driven by impressive quarterly results. The company reported a nearly threefold increase in profit after tax, reaching Rs 302 crore, while revenue surged to Rs 2,016 crore. With a robust order book totaling 3.8 GW and a wind energy capacity of 20.8 GW, Suzlon demonstrates strong growth potential in the renewable energy sector. Overall, this performance indicates a strong recovery and future promise for investors.
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Suzlon's Share Price Rises Over 4% Due to Exceptional Financial Performance

Suzlon's Remarkable Financial Upswing

The stock of Suzlon Energy witnessed a remarkable rise of 4%, reaching Rs 57.70 following the release of its latest quarterly report.

Key Financial Highlights

  • Profit After Tax (PAT) nearly tripled to Rs 302 crore.
  • Revenue surged to Rs 2,016 crore.
  • The company holds a record 3.8 GW order book.
  • Wind energy capacity now totals 20.8 GW.

Conclusion

Suzlon's strong quarterly performance highlights its recovery trajectory and positioning within the renewable energy sector, encouraging prospects for investment in the company.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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