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Hot Pursuit News

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(23 Jul 2024, 11:22)

Suzlon Energy rallies as Q1 PAT soars to Rs 302 crore

Suzlon Energy jumped 4.65% to Rs 57.63 after the company reported consolidated net profit of Rs 302.29 crore in Q1 FY25, steeply higher than Rs 100.90 crore posted in Q1 FY24.

Revenue from operations climbed 49.60% year on year (YoY) to Rs 2,015.98 crore in the quarter ended 30 June 2024.

Profit before tax stood at Rs 302.48 in the first quarter of FY25 from Rs 92.88 crore posted in the corresponding quarter last year.

During the quarter, EBITDA stood at Rs 370 crore, up 85.93% from Rs 199 crore posted in same quarter previous year. EBITDA margin improved to 18.4% in Q1 FY25 as compared to 14.8% posted in Q1 FY24.

Girish Tanti, vice chairman of Suzlon Group, said, “We have consistently outperformed ourselves across all performance parameters for the last several quarters. 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...

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