Thu Nov 21 05:54:47 UTC 2024: ## Suzlon Energy Soars on Strong Q2 Results, Geojit Recommends ‘Buy’

**MUMBAI, INDIA** – Suzlon Energy, a leading wind turbine manufacturer, announced impressive second-quarter results, driving its stock higher. The company reported a 48% year-on-year revenue growth, fueled by record WTG (wind turbine generator) deliveries – the highest in seven years – reaching 256 MW. This translated to a 72% YoY jump in WTG revenues, totaling Rs. 1,507 crore. While the foundry and forging division saw a revenue decline, overall EBITDA grew by 31% YoY to Rs. 294 crore, although margins decreased slightly due to technological investments and capacity expansion. Profit before tax (PBT) surged 97% YoY to Rs. 202 crore, and adjusted PAT reached Rs. 201 crore, a 46% YoY increase.

Geojit Financial Services, in a research report, highlighted the company’s strong balance sheet and recent order wins, indicating growing preference from state, PSU, and C&I clients. The acquisition of Renom Energy further strengthens Suzlon’s position, opening access to a substantial 32GW of O&M opportunities. Geojit values Suzlon at 45X on its projected September 2027 EPS of Rs. 1.5, setting a target price of Rs. 68 and maintaining a “BUY” rating. The report suggests the recent stock correction presents an attractive entry point.

The report also mentions the Traders Gurukul’s “BOTS” (India’s Largest Regional Retail Option Traders Summit), a monthly options trading event held across major Indian cities, and a new functionality aimed at improving user navigation and generating leads for brokers. Information on crypto market top gainers and losers was also included in the original text but lacked specific data.

**Disclaimer:** This news article summarizes information from various sources, including a Geojit Financial Services research report. Investment decisions should be made after consulting with qualified financial advisors. The views expressed here do not necessarily reflect the views of this publication.

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