Suzlon Energy declines despite its consolidated net profit spikes 96% to Rs 200.60 crore in Q2FY25
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Suzlon Energy is currently trading at Rs. 67.24, down by 3.61 points or 5.10% from its previous closing of Rs. 70.85 on the BSE.
The scrip opened at Rs. 72.84 and has touched a high and low of Rs. 73.50 and Rs. 66.87 respectively. So far 12109189 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 86.04 on 12-Sep-2024 and a 52 week low of Rs. 30.11 on 31-Oct-2023.
Last one week high and low of the scrip stood at Rs. 73.50 and Rs. 66.00 respectively. The current market cap of the company is Rs. 91732.91 crore.
The promoters holding in the company stood at 13.25%, while Institutions and Non-Institutions held 32.73% and 54.03% respectively.
Suzlon Energy has reported net profit of Rs 83.72 crore for the second quarter ended September 30, 2024 (Q2FY25) as against net loss of Rs 5.36 crore for the same quarter in the previous year. Total income of the company increased by 79.91% at Rs 1,460.05 crore for Q2FY25 as compared to Rs 811.54 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 96.11% rise in net profit at Rs 200.60 crore for Q2FY25 as compared to Rs 102.29 crore for the same quarter in the previous year. Total income of the company increased by 48.47% at Rs 2,121.23 crore for Q2FY25 as compared to Rs 1,428.69 crore for the corresponding quarter previous year.
