- Suzlon Energy reported a net income of 3.24 billion rupees for the first quarter, which is a 7.3% increase compared to the previous year. This amount fell short of the estimated 4.54 billion rupees.
- The company’s revenue rose to 31.2 billion rupees, up 54% year-on-year, but below the estimate of 32.03 billion rupees.
- Total costs increased by 56% year-on-year to reach 27.1 billion rupees.
- Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 5.99 billion rupees, a 62% increase year-on-year, slightly surpassing the estimate of 5.97 billion rupees.
- Suzlon Energy aims to achieve 122 GW of wind capacity by the fiscal year 2032, focusing primarily on wind, hybrid, RTC (Round-the-Clock), and FDRE (Firm and Dispatchable Renewable Energy) projects.
- In the first quarter, the company received 1 GW worth of orders and holds an order book of 5.7 GW.
- The company’s Group Chief Financial Officer, Himanshu Mody, resigned, and the search for a new CFO is in advanced stages.
- Suzlon’s net cash position stood at 16.2 billion rupees as of June 30th.
- Net volumes for the first quarter were 444 MW, up from 274 MW year-on-year.
- The company’s stock is currently rated with 8 buy recommendations, 1 hold, and no sell recommendations.
A look at Suzlon Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
When looking at the long-term outlook for Suzlon Energy, the company’s Smartkarma Smart Scores reveal a mixed picture. While Suzlon Energy scores high in Growth and Resilience, indicating strong potential for expansion and ability to withstand market challenges, its Value and Momentum scores fall slightly lower. This suggests that although Suzlon Energy shows promise in terms of growth and resilience, there may be some underlying concerns regarding its current valuation and market momentum.
Suzlon Energy Ltd. is a company that specializes in designing, manufacturing, operating, and maintaining wind generating equipment. Known for constructing large wind parks, Suzlon Energy‘s focus on renewable energy aligns with the global push towards sustainable practices. With a strong emphasis on growth and resilience, Suzlon Energy is positioned to capitalize on the increasing demand for clean energy solutions in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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