Suzlon Energy Shares Zoom 13% After Upbeat Q4 Results — Buy, Hold or Sell? All You Need to Know

Suzlon Energy shares soared 13% at ₹74.30 on the BSE in today’s trading session after the company reported strong earnings in the March quarter (Q4FY25).

The renewable energy solutions provider posted a net profit of ₹1,181 crore in Q4FY25, against ₹254 crore in the year-ago period. The growth was aided by a deferred tax gain of ₹600 crore. Sales surged to ₹3,773.50 crore from ₹2,179.20 crore a year ago.

Strong performance in the March quarter (Q4FY25) can be attributed to strong project execution. The energy giant produced 573 megawatts (MW) in Q4FY25, against the estimated 475 MW. This increased the operating profit margin to 18.3%, which was higher than the expected 14.7%.

Though the company came across higher depreciation and interest costs following the acquisition of Renom, it still beat the profit before tax (PBT) estimates by 25%, Nuvama Institutional Equities reported.

“Deferred tax asset creation of Rs 640 crore drove a 2.7 times profit after tax (PAT) beat,” said the report. It added that the tax benefit was recorded earlier in FY25 instead of FY26, with limited effect on FY27 expectations.

What did the brokerage say?

Nuvama Institutional Equities kept a ‘Hold’ rating on the stock, by revising the target price from ₹61 earlier to ₹68 apiece. It also raised the sales and operating profit estimates by 5–7% and 8–15% for FY26 and FY27.

Suzlon shares have jumped 16% in the last month and are up 44% in the past one year.

However, the brokerage flagged the lower order inflows in Q4FY25, which stood below 100 MW. This happened due to the cancellation or shortening of some orders. However, Suzlon Energy has a healthy order book of 5 gigawatts (GW), which is expected to be executed over the next 24 months.