Suzlon shares climb nearly 5% after Q2 earnings
Shares of Suzlon Energy jumped nearly 5 per cent after the company posted an over 81 per cent rise in consolidated net profit for the September quarter 2023-24. The stock rallied 4.69 per cent to settle at Rs 32.80 apiece on the BSE.
Shares of Suzlon Energy on Thursday jumped nearly 5 per cent after the company posted an over 81 per cent rise in consolidated net profit for the September quarter 2023-24. The stock rallied 4.69 per cent to settle at Rs 32.80 apiece on the BSE.
During the day, it climbed 4.97 per cent to Rs 32.89.
On the NSE, it advanced 4.31 per cent to Rs 32.65 per share.
Suzlon Energy on Thursday posted an over 81 per cent rise in consolidated net profit to Rs 102.29 crore for the September quarter 2023-24 mainly due to a decline in expenses.
Net profit in the year-ago period was Rs 56.47 crore, according to a BSE filing by the company.
Total income declined to Rs 1,428.69 crore in the second quarter from Rs 1,442.58 crore in the same period a year ago. Total expenses also dipped to Rs 1,291.26 crore from Rs 1,427.84 crore.
"At the end of Q2 FY24, our order book stands at a healthy 1,613 MW...Our service business continues to do well, while our forging and foundry business SE Forge consolidated on its foundation for future growth," J P Chalasani, Chief Executive Officer of Suzlon Group, said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
PM Modi has invested in this post office scheme; know his total worth as per Lok Sabha elections 2024 affidavit
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
09:00 PM IST