Suzlon Energy shares up 13.6% on rising profits

Mumbai: Shares of Suzlon Energy surged as much as 13.6% after the wind turbine maker reported a fourfold increase in profit for the March quarter, its highest in a decade, prompting analysts to raise their stock price targets. The rally helped Suzlon's market capitalisation revisit the ₹1 lakh crore-mark briefly during the session.

The stock settled at ₹71.46, up 9.23%.

For the quarter ended March 31, 2025, Suzlon posted a consolidated net profit of ₹1,181 crore, compared to ₹319 crore in the same quarter last year. Revenues grew by 73% from the same period a year ago and 27% from the previous quarter, driven by increased deliveries of wind turbine generators.

According to Divyam Mour, research analyst at Samco Securities, Suzlon's order book rose sharply by 90%, from 2,929 megawatts (MW) a year ago to 5,555 MW currently. This surge is seen as a key indicator of future revenue visibility and has played a significant role in lifting market sentiment.

"With a healthy pipeline and expanded capacity, Suzlon is poised to deliver even stronger performance in the coming quarters," Mour said.

Motilal Oswal Securities retained its 'Buy' call, increasing the price target on the stock to ₹83 from ₹ 75.

"This is at a slight premium to its historical average two-year forward P/E (Price to Earnings) of 27 times, given execution and earnings are just picking up for Suzlon," it said in a note.

The stock has surged nearly 30% in the last month and 10% in 2025.

While JM Financial raised its target price to ₹81 from ₹71, ICICI Securities also retained a 'Buy' rating, raising its target to ₹76 from ₹68.

"Outlook for the near to medium-term remains strong and Suzlon is poised to cash in on the opportunity with its 4.5 GW (gigawatt) capacity," it noted.