Suzlon Energy shines on reporting around 3-fold jump in Q1 consolidated net profit
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Suzlon Energy is currently trading at Rs. 57.75, up by 2.68 points or 4.87% from its previous closing of Rs. 55.07 on the BSE.
The scrip opened at Rs. 57.37 and has touched a high and low of Rs. 57.82 and Rs. 57.00 respectively. So far 9990120 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 56.82 on 23-Jul-2024 and a 52 week low of Rs. 17.43 on 27-Jul-2023.
Last one week high and low of the scrip stood at Rs. 57.82 and Rs. 53.50 respectively. The current market cap of the company is Rs. 78557.45 crore.
The promoters holding in the company stood at 13.27%, while Institutions and Non-Institutions held 30.70% and 56.04% respectively.
Suzlon Energy has reported many fold jump in its net profit at Rs 121.14 crore for the quarter ended June 30, 2024 as compared to Rs 0.13 crore for the same quarter in the previous year. Total income of the company increased by 88.53% at Rs 1,532.79 crore for Q1FY25 as compared to Rs 813.01 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported around 3-fold jump in net profit at Rs 302.29 crore for Q1FY25 as compared to Rs 100.90 crore for the same quarter in the previous year. Total income of the company increased by 50.13% at Rs 2,044.35 crore for Q1FY25 as compared to Rs 1,361.68 crore for the corresponding quarter previous year.
