Suzlon Energy Reports Impressive Q1 FY2024 Performance with Significant Profit Growth
Tuesday, 23 July 2024, 04:50
Suzlon Energy's Share Price Surge
Suzlon Energy's shares rose by 4.7%, hitting a record high of Rs 57.82 on the BSE, following the company's remarkable performance in Q1 FY2024. The consolidated net profit surged to Rs 302 crore, representing a remarkable 200% year-over-year growth from Rs 101 crore in the same quarter last year.
Key Highlights of Q1 FY2024
- Consolidated Net Profit: Rs 302 crore
- Year-Over-Year Increase: 200%
- Share Price Growth: 4.7%
- Previous Year Q1 Profit: Rs 101 crore
This strong growth can be attributed to strategic market positioning and enhanced operational efficiency. Investors are encouraged by these results, indicating a positive outlook for Suzlon in the renewable energy sector.
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.