Suzlon Energy shares fall after renewable energy firm reports 21% decline in PAT in Q4

Suzlon Energy Share Price: Suzlon Energy shares were going through selling pressure on BSE on Monday (May 27, 2024) after the renewable energy company reported a 21 per cent decline in its consolidated profit after tax (PAT) in the fourth quarter results.

The stock that closed at Rs 45.89 on Friday slipped by 1.94 per cent to Monday's low of Rs 45.00 after starting the trading session at Rs 45.20.

Suzlon Energy shares closed trading lower by 1.37 per cent, or Rs 0.63, at Rs 45.26 each on Monday.

Why Suzlon Energy shares are down

Suzlon Energy's stock is down after the company saw a 21 per cent fall in its consolidated net profit in Q4 due to exceptional items. 

Its profit slipped to Rs 254 crore in the fourth quarter against Rs 320 crore in the corresponding period last fiscal.

However, its revenue from operations rose to Rs 2,207.43 crore in Q4 from Rs 1,699.96 crore in the same quarter last fiscal.