Suzlon Energy Q1 net profit surges 200%, Morgan Stanley reiterates 'overweight' call

Over the past year, Suzlon shares surged 175 percent as against a 25 percent rise in the Nifty 50 during the same time period.

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26 Aug, 2025 12:21

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Wind energy major Suzlon Energy reported a 200 percent surge in net profit for the quarter ended June 30, at Rs 302.

Suzlon Energy's net profit grew from Rs 101 crore reported in the same quarter of the previous year. The wind energy firm's revenue from operations soared 50 percent, from Rs 1,348 crore in the first quarter of the earlier fiscal to Rs 2,016 crore in the first quarter of the current financial year.

"This is a good indication of our readiness to meet industry demand and leverage the tailwinds of the sector. Our largest‐ever order book of 3.8 GW gives us great visibility for the future. With significant deliveries of our flagship product series, 3.x MW S144 in Q1 FY25, we are in a strong position to service our current order book," said Girish Tanti, Suzlon Group's Vice Chairman.

International brokerage Morgan Stanley remained bullish on the energy firm, reiterating its 'overweight' call with a target price of Rs 58.5 per share. This indicates an upside of around six percent.

The brokerage noted that the earnings reported showed a strong beat, with total deliveries coming in at 274 MW as against an estimate of 250 MW.

The firm's balance sheet remains strong with a net cash position of around Rs 120 crore.

Over the past year, Suzlon shares surged 175 percent as against a 25 percent rise in the Nifty 50 during the same time period.