Suzlon Energy Q4 numbers this week; see latest announcement, preview & price targets

Suzlon Energy announced strong Q4 FY24  results which further cements their leading position in the renewable energy space in India. The company reported consolidated revenue of ₹2,179 crore in the quarter and for the twelve-month period consolidated revenue of ₹6,497 crore. Suzlon’s Q4 EBITDA was ₹357 crore with a margin of 16.4% whereas the full-year EBITDA was ₹1,029 crore with a margin of 15.8%. Net profit for the quarter was ₹254 crore, bringing the net profit for the year to ₹660 crore. Perhaps the most important takeaway was their announcement of an order book all-time high of 3.3 GW, which tells us a lot about future potential revenue streams.

Suzlon has proven its persistence pays off with its continued use of the 3 MW series of windmills, as the company has been handed large commitments, including a 551.25 MW commitment from the Aditya Birla Group and a 402 MW project from Juniper Green Energy. The anointment enhances the company profile, adding significant orders and ensuring stable revenue for the quarters ahead. The company has shown a strong performance and promise, and a number of market experts and brokerage firms have re-confirmed their belief in Suzlon. Notably, Motilal Oswal has issued a ‘Buy’ call on the stock, with the target price of ₹54, due the company’s better fundamentals, order inflow and position in the market.

The stock dipped slightly after the announcement, but is robust and holding the interest of investors.  Suzlon’s approach in terms of innovation, cost effectiveness, and entry into large-capacity wind turbines has fortified its position within the growing competitive landscape. It is important to consider that India is fairly rapidly moving towards its clean energy targets, which bodes well for the uptake of renewable products, and thus reduced risk for the company. The current Q4 profits of Suzlon not only signal financial gain, but operating momentum, and is worth following in the alternative energy sector.


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