Stock analysts have largely maintained their 'Buy' call on Suzlon Energy Ltd, ahead of its September quarter results. Anand Rathi noted that the renewable energy sector navigated the modest Q2 environment, marked by weather-related execution delays and 7-10 days of transitional disruptions from the GST implementation. It believes Suzlon Energy's Q2 deliveries would have moderated against Q1, as monsoon-related disruptions affected project execution and commissioning. Major orders during the quarter were NTPC’s 1,166 MW, Tata Power Renewables’ 838 MW and Zelestra’s 381 MW project, it noted. Advertisement
The brokerage expects Suzlon Energy to report 36.4 per cent surge in net profit at Rs 287.70 crore for Q2 on 41 per cent rise in sales at Rs 2,970 crore. Ebitda margin is seen at 17.9 per