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Business Standard
a day ago
- Business
- Business Standard
SBI to shed exposure to ailing power equipment maker Regen Power
SBI to offload ₹1,550-crore stressed loan exposure in Regen Power to clean up its books; auction reserve price set at ₹240 crore Mumbai State Bank of India (SBI) is offloading a stressed loan exposure of over ₹1,550 crore to Regen Power Private Ltd (RPPL), a South India-based wind turbine generator (WTG) manufacturer, as part of efforts to clean up its balance sheet. The principal outstanding on this account stood at around ₹580 crore at the end of March 2025. The country's largest lender is using the Swiss auction route for price discovery, based on an existing offer in hand, according to a notice on SBI's website. However, the bank did not disclose details of the offer it has received. The reserve
Mint
03-06-2025
- Business
- Mint
Suzlon Energy share price slides 4.5%, slips below ₹70 on profit booking after strong Q4 rally
Suzlon Energy share price in focus: Suzlon Energy share price in focus: Suzlon Energy's share price witnessed another day of selling pressure as the stock tumbled 4.5% during Tuesday's trading session (June 3), hitting an intraday low of ₹ 68 apiece and extending its losing streak to the second consecutive day. The drop in Suzlon's share price can be attributed to profit booking, as the stock saw a strong run-up in May, especially following the release of the company's March quarter results, which pushed the stock to a 6-month high of ₹ 74.30 apiece on May 30, a day after it reported a 365% YoY jump in Q4FY25 consolidated net profit. The strong rally following the Q4 results led the stock to end May with a solid gain of 27%—its biggest monthly gain since July 2024, when it delivered a return of 31.25%. Apart from robust March quarter numbers, the Street also welcomed the company's FY26 guidance, issued for the first time in its history. Despite short-term volatility in Suzlon Energy's share price, the long-term outlook remains promising amid a growing order book and India's goal of achieving 500 GW of capacity from non-fossil fuel sources. Suzlon ended FY25 with a record order book of 5.6 GW, with its S144 platform alone surpassing 5 GW—cementing its position as the leading product in India's wind energy market. Meanwhile, the contribution margin from its WTG (Wind Turbine Generator) business expanded to 23%, marking a 360-basis-point increase, supported by its 4.5 GW manufacturing capacity. In its earnings filing, the company said it added 10 new production lines for its S144–3.X MW series in FY25 and completed nacelle expansions at its Daman and Pondicherry facilities. It also outlined plans to continue investing in a robust domestic manufacturing and supply chain ecosystem to support India's wind energy ambitions. Its OMS (Operations and Maintenance Services) business remains a key pillar of growth for the group, currently managing a robust 15 GW of installed wind capacity across India—representing over USD 10 billion in renewable energy assets under management. Following the company's March quarter results, global brokerage firm Morgan Stanley maintained its 'Overweight' rating with a target price of ₹ 77 per share, while Motilal Oswal also retained its 'Buy' rating, with a target price of ₹ 83 per share. Suzlon Energy have delivered stellar returns to their shareholders. Although the stock is currently trading at a healthy discount from its recent peak of ₹ 86 apiece, touched in October 2024, it is still up by 601% over the last three years and 2,190% over the last five years—indicating that investors remain optimistic about the company's operational turnaround.
Mint
03-06-2025
- Business
- Mint
Suzlon Energy share price slides 4.5%, slips below ₹70 on profit booking after strong Q4 rally
Suzlon Energy share price in focus: Suzlon Energy share price in focus: Suzlon Energy's share price witnessed another day of selling pressure as the stock tumbled 4.5% during Tuesday's trading session (June 3), hitting an intraday low of ₹ 68 apiece and extending its losing streak to the second consecutive day. The drop in Suzlon's share price can be attributed to profit booking, as the stock saw a strong run-up in May, especially following the release of the company's March quarter results, which pushed the stock to a 6-month high of ₹ 74.30 apiece on May 30, a day after it reported a 365% YoY jump in Q4FY25 consolidated net profit. The strong rally following the Q4 results led the stock to end May with a solid gain of 27%—its biggest monthly gain since July 2024, when it delivered a return of 31.25%. Apart from robust March quarter numbers, the Street also welcomed the company's FY26 guidance, issued for the first time in its history. Despite short-term volatility in Suzlon Energy's share price, the long-term outlook remains promising amid a growing order book and India's goal of achieving 500 GW of capacity from non-fossil fuel sources. Suzlon ended FY25 with a record order book of 5.6 GW, with its S144 platform alone surpassing 5 GW—cementing its position as the leading product in India's wind energy market. Meanwhile, the contribution margin from its WTG (Wind Turbine Generator) business expanded to 23%, marking a 360-basis-point increase, supported by its 4.5 GW manufacturing capacity. In its earnings filing, the company said it added 10 new production lines for its S144–3.X MW series in FY25 and completed nacelle expansions at its Daman and Pondicherry facilities. It also outlined plans to continue investing in a robust domestic manufacturing and supply chain ecosystem to support India's wind energy ambitions. Its OMS (Operations and Maintenance Services) business remains a key pillar of growth for the group, currently managing a robust 15 GW of installed wind capacity across India—representing over USD 10 billion in renewable energy assets under management. Following the company's March quarter results, global brokerage firm Morgan Stanley maintained its 'Overweight' rating with a target price of ₹ 77 per share, while Motilal Oswal also retained its 'Buy' rating, with a target price of ₹ 83 per share. Suzlon Energy have delivered stellar returns to their shareholders. Although the stock is currently trading at a healthy discount from its recent peak of ₹ 86 apiece, touched in October 2024, it is still up by 601% over the last three years and 2,190% over the last five years—indicating that investors remain optimistic about the company's operational turnaround. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
30-05-2025
- Business
- Mint
Suzlon Energy share price rallies over 13% to 6-month high as Q4 net profit jumps nearly 5-fold
Shares of Suzlon Energy, one of the leading global renewable energy solutions providers, jumped 13.60% in early morning trade on Friday, May 30, after investors cheered the company's stellar March quarter performance, sending the stock to a six-month high. The company post market hours, reported a net profit of ₹ 1,181 crore for the quarter, compared to ₹ 254 crore in the same period last fiscal, marking a 365% year-on-year growth. Revenue from operations during the quarter rose 73% year-on-year to ₹ 3,774 crore. For FY25, Suzlon Energy's net profit jumped to ₹ 2,072 crore from ₹ 660 crore in FY24, driven by a ₹ 10,851 crore rise in revenue. The sharp jump in profit was primarily driven by a deferred tax gain of ₹ 601 crore during Q4, which significantly boosted the bottom line. In FY24, the company had reported a revenue of ₹ 6,497 crore. The WTG business accounted for 78% of FY25 revenue, while the remaining came from the OMS (Operations and Maintenance Services) business. On the operating front, EBITDA surged to ₹ 693 crore in Q4 FY25, taking the full-year EBITDA to ₹ 1,857 crore. Margins expanded by 200 basis points during the quarter and 130 basis points for the full year. The company achieved a record quarterly delivery of 573 MW, bringing total FY25 deliveries to 1.55 GW. Its order book reached a record high of 5.6 GW by the end of FY25, with the S144 platform alone surpassing 5 GW—cementing its position as the dominant product in the Indian market. The company said it added 10 new production lines for its S144 – 3.X MW series and completed nacelle expansions at its Daman and Pondicherry facilities. It also stated plans to continue investing in a robust local manufacturing and supply chain ecosystem to support India's wind energy ambitions. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
29-05-2025
- Business
- Mint
Suzlon Energy Q4 Results: Net profit jumps to ₹1,181 crore, EBITDA rises 94% YoY
Suzlon Energy Q4 results in focus: Suzlon Energy, one of the leading global renewable energy solutions providers, released its March quarter and full-year (FY25) results today, May 29, reporting stellar figures, as the company continues to see a surge in demand for its S144 wind turbine. The company posted a net profit of ₹ 1,181 crore for the quarter, compared to ₹ 254 crore in the same period last fiscal, marking a 365% year-on-year growth. The sharp jump in profit was primarily driven by a deferred tax gain of ₹ 601 crore, which significantly boosted the bottom line. Revenue from operations during the quarter rose 73% year-on-year to ₹ 3,774 crore. For FY25, Suzlon Energy's net profit jumped to ₹ 2,072 crore from ₹ 660 crore in FY24, driven by a ₹ 10,851 crore rise in revenue. In FY24, the company had reported a revenue of ₹ 6,497 crore. The WTG business accounted for 78% of FY25 revenue, while the remaining came from the OMS (Operations and Maintenance Services) business. On the operating front, EBITDA surged to ₹ 693 crore in Q4 FY25, taking the full-year EBITDA to ₹ 1,857 crore. Margins expanded by 200 basis points during the quarter and 130 basis points for the full year. Suzlon's net cash position improved to ₹ 1,943 crore as of March 2025, up ₹ 836 crore compared to December 2024. The company achieved a record quarterly delivery of 573 MW, bringing total FY25 deliveries to 1.55 GW. Its order book reached a record high of 5.6 GW by the end of FY25, with the S144 platform alone surpassing 5 GW—cementing its position as the dominant product in the Indian market. The contribution margin from its WTG business expanded to 23%, marking a 360-basis point rise, supported by its 4.5 GW manufacturing capacity. The company said it added 10 new production lines for its S144 – 3.X MW series and completed nacelle expansions at its Daman and Pondicherry facilities. It also stated plans to continue investing in a robust local manufacturing and supply chain ecosystem to support India's wind energy ambitions.
