Updated 31 May 2025 at 10:35 IST
Suzlon Energy Share Price: Suzlon Energy’s share price surged by 10% in the morning trading session on Friday after the company announced a nearly five-fold increase in its consolidated net profit for the March quarter.
Suzlon Energy has recently attracted investor attention with a sharp rally driven by strong earnings and a positive technical breakout. The stock has shown impressive strength after forming a solid base in April and gaining momentum in May, supported by heavy volumes and upbeat market sentiment.
Backed by robust financial results and favourable industry trends, experts see further upside potential for the stock in the coming months.
The company reported a net profit of Rs 1,181 crore for the quarter ended March 2025, up from Rs 254 crore or 365% in the same period last year.
This strong profit growth was driven by higher revenues, with total income rising to Rs 3,825.19 crore from Rs 2,207.43 crore a year ago. For the full fiscal year 2024-25, Suzlon’s total income grew to Rs 10,993.13 crore, compared to Rs 6,567.51 crore in the previous year.
Suzlon also achieved record deliveries of 1.55 gigawatts (GW) in FY25, marking a 118% increase compared to the previous year. The company’s contribution margin for its wind turbine generator (WTG) business improved to 23%, a rise of 3.6 percentage points, supported by its expanded manufacturing capacity of 4.5 GW and the addition of 10 new production lines for its S144 wind turbine model.
The S144 turbine has become Suzlon’s best-selling product, accounting for more than 1.25 GW in deliveries during FY25 and representing 91% of the company’s order book. This reflects strong market demand for Suzlon’s reliable and high-performance wind turbine technology.
Suzlon Group is a global leader in renewable energy, with around 21.1 GW of installed wind energy capacity across 17 countries. Headquartered in Pune, India, the Group includes Suzlon Energy Limited and its subsidiaries.
Suzlon Energy’s share price has delivered strong returns over various periods. In just one week, the stock gained 15.56%, and over two weeks, it rose by 17.70%. The one-month return was 27.56%, while in three months, the share price increased by 44.53%. Over the past year, Suzlon’s shares grew by 58.49%.
Looking further back, the stock saw massive gains of 573.76% over two years, 888.86% over three years, and an extraordinary 2,665% increase over five years, highlighting its remarkable growth and performance in the market.
Suzlon Energy shows strong bullish potential, which is supported by technical and fundamental factors. As Sugandha Sachdeva, Founder of SS WealthStreet, noted, the stock "staged a significant rebound after forming a strong base around the Rs.46 level" and gained momentum after a "decisive breakout above a downward-sloping trendline in mid-May."
With the stock rallying 9% in a single session on robust volumes, she highlighted that this indicates "strong bullish sentiment and suggests further upside in the near term."
Backing the technical breakout is the company’s stellar Q4 FY25 performance, where Suzlon reported a consolidated net profit of Rs 1,182 crore — a "remarkable 365% year-on-year increase" that has "significantly improved market sentiment."
The strong earnings and "constructive industry outlook" due to India’s push toward renewable energy provide a solid fundamental foundation.
Given this setup, Sachdeva pointed out that "technically, the stock looks well-positioned to target Rs 85 in the medium term," while a move toward Rs 100 is "achievable" over a 16–18 month horizon, provided the momentum continues.
She also emphasised that Rs 62 now acts as a "former resistance-turned-support zone," with Rs 46 remaining the key structural support.
Osho Krishan, Chief Manager of Technical and Derivative Research at Angel One, said, Suzlon has seen significant buying traction after a prolonged consolidation around the cluster of its EMAs on daily charts. The counter has now surpassed the 200 DSMA, indicating a turnaround in the intermediate trend.
The zone of 66-64 (bullish gap, followed by 200 DSMA) is likely to act as support, while the next potential resistance is seen around the 75-odd zone from a short-term view.
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Published 30 May 2025 at 12:16 IST