Suzlon Energy Q3 results: Profit up 15%, revenue jumps 42% — but shares still slide
Suzlon Energy Ltd shares slipped nearly 6% to hit a low of 47.76 rupees on Thursday, despite the wind turbine maker’s third-quarter profit rising. The company reported a consolidated net profit of 4.45 billion rupees for the quarter ended Dec. 31, marking a 15% increase year-on-year. Revenue from operations surged 42% to 42.28 billion rupees. https://www.moneycontrol.com/news/business/markets/q3-results-impact-suzlon-energy-shares-fall-6-godrej-properties-down-4-after-revenue-drops-49-13813381.html Suzlon’s latest update is significant as it remains one of the few domestic turbine manufacturers with substantial scale. Its delivery speed directly impacts project deadlines and cash flows. The company reported a record 617 megawatts delivered in the quarter, with 2.4 gigawatts of projects currently underway. As of December 31, it held net cash of 15.56 billion rupees. CEO JP Chalasani highlighted that the “closing order book of 6.4 GW” exceeded the opening order book, signaling a firm backlog of orders. https://upstox.com/news/market-news/earnings/suzlon-energy-q3-results-net-profit-rises-15-to-445-crore-revenue-advances-42/article-188997/