Suzlon Energy Q4 earnings: The profit of Suzlon, a company related to the energy sector, declined by about 21 percent to Rs 254 crore in the fourth quarter of the financial year 2023-24. The company’s profit in the fourth quarter (January-March) of the financial year 2022-23 was Rs 320 crore. Suzlon said total income increased to Rs 2,207.43 crore in the quarter, from Rs 1,699.96 crore in the same quarter a year ago. Profit for the entire financial year 2023-24 declined to Rs 660 crore. It was Rs 2,887 crore in the financial year 2022-23. Total income increased to Rs 6,567.51 crore from Rs 5,990.16 crore in 2022-23.
Girish Tanti, Vice Chairman, Suzlon Group, said that in the last financial year we have managed to build a solid base in all commercial areas of technology, manufacturing, projects and OMS.
shared crash
Talking about Suzlon shares, it hit a lower circuit of 5% on Friday. The stock fell to a low of Rs 45.84 during trading. At the end of trading the price of this share was Rs 45.89. The share touched a 52-week low of Rs 9.46 in May 2023. The share reached 52 week high of Rs 50.72 on February 2, 2024.
Market created history
This decline in Suzlon’s shares has come when the stock market is riding on the bullish bandwagon. On Friday, BSE’s 30-share index Sensex fell 7.65 points or 0.01 percent and closed at 75,410.39 points. During trading, it had also reached its all-time high of 75,636.50, rising by 218.46 points or 0.28 percent.
The benchmark index Nifty of the National Stock Exchange (NSE) also crossed the 23,000-mark for the first time in early trade. During trading, Nifty rose 58.75 points or 0.25 percent to its highest peak of 23,026.40. But later under selling pressure it closed at 22,957.10 points with a slight fall of 10.55 points or 0.05 percent.
