Suzlon Energy Shares Jump 13% After Big Profit Surprise in Q4

Shares of Suzlon Energy saw a strong rally on Thursday, climbing over 13% in a single day. The jump came right after the company posted its earnings report for the January–March 2024 quarter — and the results were much better than expected.

Profit Jumps Nearly 5 Times

Suzlon reported a net profit of ₹1,182 crore for the quarter. That’s a massive improvement compared to the ₹254 crore it made during the same period last year. In simple terms, the company made almost five times more profit this time — a 365% jump!

This huge increase in profit is one of the main reasons investors rushed to buy the stock, sending the price sharply higher.

Sales Also on the Rise

It wasn’t just profit that went up. The company’s total revenue — the money it earned from its business — grew by 73%. Suzlon brought in ₹3,773 crore in revenue this quarter, up from ₹2,179 crore last year. This shows that business is clearly picking up speed.

How Did Suzlon Pull This Off?

The company said the strong performance came from better efficiency, solid project execution, and a healthy order book — meaning it has plenty of future work already lined up. Suzlon, which focuses on wind energy, has been gaining ground as demand for clean energy keeps growing in India.

It seems Suzlon is not just bouncing back — it’s racing ahead.

Experts Are Impressed

After these results came out, financial experts and brokerage firms were quick to react. One major firm, Motilal Oswal, raised its target price for Suzlon shares and said it still sees strong growth ahead.

This kind of positive response from analysts adds even more confidence among investors, helping the stock rally further.

A Good Year for Shareholders

This isn’t the first time Suzlon has made headlines recently. Over the past year, the stock has already gained over 370% — yes, more than three times in value. So, people who held onto the stock have seen their investment grow quite a lot.

With this latest strong quarter, it seems Suzlon is continuing to build on that momentum.

Looking Ahead

After a long period of ups and downs, Suzlon Energy appears to be in much better shape now. The company’s focus on renewable energy, improved profits, and strong sales numbers are making investors hopeful about the future.

If it keeps up this kind of performance, it could continue playing a major role in India’s green energy shift.