Suzlon Energy, a key player in the renewable energy sector, has been gaining recognition for its recent advancements. As the world increasingly embraces sustainable solutions, Suzlon remains a leader, actively participating in the ongoing clean energy revolution. Let's take a closer look at some of the noteworthy developments within Suzlon Energy.
Introduction of New Wind Turbine Models:
Suzlon Energy has unveiled state-of-the-art wind turbine models designed to efficiently harness wind power. These cutting-edge turbines incorporate advanced technology to optimize energy production while minimizing environmental impact. Suzlon's dedication to innovation is evident in the design and functionality of these new models.
Global Expansion Initiatives:
Aligned with its mission to make renewable energy accessible worldwide, Suzlon Energy has been expanding its global footprint. The company is actively involved in projects spanning various countries, contributing significantly to the global fight against climate change. This expansion not only fortifies Suzlon's market position but also fosters international collaboration for a more sustainable future.
Focus on Technological Advancements:
Suzlon continues to prioritize research and development, directing efforts towards technological advancements in the renewable energy sector. This commitment ensures that Suzlon's offerings remain at the forefront of efficiency, reliability, and competitiveness in the ever-evolving landscape of clean energy.
Commitment to Environmental Sustainability:
Suzlon Energy maintains a steadfast commitment to reducing its carbon footprint. By providing clean and sustainable energy solutions, the company plays a vital role in mitigating the adverse effects of climate change. Suzlon's initiatives are in line with the global movement towards a more sustainable and eco-friendly future.
Community Engagement and Social Responsibility:
Beyond its core business operations, Suzlon Energy actively engages with local communities and places a high priority on social responsibility. Recognizing the significance of being a positive influence in the regions where it operates, Suzlon fosters goodwill and contributes to the well-being of the communities it serves.
Financial Stability and Growth:
Suzlon Energy's financial stability is a notable aspect of its recent trajectory. The company's strategic planning and commitment to sustainable business practices have been instrumental in its growth and resilience within the market. Investors and stakeholders can take confidence in Suzlon's dedication to long-term success.
About Suzlon Energy
Suzlon Energy Ltd., established in 1995, operates as a Small Cap company in the Power sector, with a market capitalization of Rs 56,969.10 Crore. The key Products/Revenue Segments for Suzlon Energy Ltd. include Wind Turbine Generator, Sale of services, Other Operating Revenue, and Scrap, as of the financial year ending on 31-Mar-2022.
For the quarter ending 30-09-2023, the company reported a Consolidated Total Income of Rs 1,428.69 Crore, marking a 4.92% increase from the previous quarter's Total Income of Rs 1,361.68 Crore. However, it reflects a 0.96% decrease compared to the Total Income of Rs 1,442.58 Crore reported in the same quarter last year. In the latest quarter, the company achieved a net profit after tax of Rs 102.29 Crore.
The top management team of the company includes Mr. Vinod R Tanti, Mr. Ajay Mathur, Mr. Gautam Doshi, Mr. Girish R Tanti, Mr. Hiten Timbadia, Mr. Marc Desaedeleer, Mr. Per Hornung Pedersen, Mr. Pranav T Tanti, Mr. Sameer Shah, Ms. Seemantinee Khot, Mr. Himanshu Mody, and Mrs. Geetanjali S Vaidya. Deloitte Haskins & Sells LLP serves as the company's auditors. As of 30-09-2023, Suzlon Energy Ltd. has a total of 1,361.27 Crore shares outstanding.
Q: What is the current value of Suzlon Energy shares, and what returns have been observed for Suzlon Energy shares?
As of 19 Jan, 2024, 03:59 PM IST, the Suzlon Energy share price stood at Rs 41.85. This reflects a 2.45% decrease from the preceding share price of Rs. 40.9. Over the last month, Suzlon Energy's share price has shown an upward movement, experiencing a gain of 11.60%.
Q: Is Suzlon Energy a profitable company?
On a consolidated basis, Suzlon Energy disclosed a total income of Rs 1428.69 Cr and a profit of Rs 102.29 for the quarter ending on 2023-09-30. For the fiscal year concluding on 2023-03-31, the company reported a total income of Rs 5990.16 Cr and a profit of Rs 2849.01 Cr.
Q: What companies are considered peers of Suzlon Energy in the Power sector?
Suzlon Energy's top 5 peers include Inox Wind Ltd., Inox Wind Energy Ltd., Orient Green Power Company Ltd., Indowind Energy Ltd., and Karma Energy Ltd.
Q: Who owns Suzlon Energy?
As of September 30, 2023, the ownership of Suzlon Energy shares is distributed among various entities.
The promoters hold 13.29 shares, a decrease from 14.5 shares as of March 31, 2023.
Domestic Institutional Investors (DII) have increased their holding from 1.2 shares on March 31, 2023, to 6.39 shares on September 30, 2023.
Foreign Institutional Investors (FII) have also seen an increase in their holding, rising from 7.64 shares on March 31, 2023, to 10.88 shares on September 30, 2023.
Q: What is the market cap of Suzlon Energy?
Suzlon Energy share has a market capitalization of Rs 56,969.10 Cr. Within Power sector, it's market cap rank is 9.
What are the highest and lowest prices that Suzlon Energy's stock has reached in the past 52 weeks?
52 Week high of Suzlon Energy share is Rs 45.70 while 52 week low is Rs 6.95