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Green Energy Stock in Focus: Suzlon

The company reported revenue of INR 6,497 crores in FY24, with INR 2,179 crores in Q4 FY24 alone.

June 03, 2024. By Abha Rustagi

In the fast-paced world of finance, sustainable development has leaped into the limelight with green energy stocks in focus.

As the global economy prioritizes addressing climate change and carbon emissions, investors are keenly watching the renewable energy sector, which is paving the path to sustainable development.

Today's spotlight is on Suzlon Group, a renewable energy solutions provider with approximately 20.7 GW of wind energy capacity installed across 17 countries. Currently, the company's shares are trading at INR 50.

Suzlon Group announced its fourth quarter (Q4 FY24) and annual audited results for the financial year 2023-24 (FY24). The company reported revenue of INR 6,497 crores in FY24, with INR 2,179 crores in Q4 FY24 alone. 

Its EBITDA stood at INR 1,029 crores for the full year and INR 357 crores for the fourth quarter. The profit after tax (PAT) before exceptional items saw a remarkable increase, rising by 428 percent to INR 714 crores for FY24 on a year-on-year basis, and by 411 percent to INR 281 crores for Q4 FY24. Additionally, Suzlon reported a net cash position of INR 1,148 crores as of March 31, 2024.

The company has amassed its largest-ever order book, consisting of value-driven orders exceeding 3.3 GW.

Suzlon has a market cap of INR 64,243 crores, with a 52-week high of INR 50.60 and a low of INR 10.85. The company's bright prospects, supported by strategic initiatives, make it a promising investment in the green energy sector.

For investors eyeing the green energy sector, Suzlon is certainly worth keeping an eye on. Stay tuned to Energetica India for more updates on Suzlon and other green energy stocks shaping the future of sustainable investing.
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