Suzlon Energy tumbles 10% in 2 days post Q1FY24 results
Shares of Suzlon Energy were locked in the 5 per cent lower circuit band for a second straight day on Wednesday after the company’s net profit for the June quarter (Q1FY24), including exceptional loss, tumbled to Rs 101 crore from Rs 2,433 crore reported last year. The company’s net profit (before exceptional items) for Q1FY24, however, came in at Rs 93 crore as against a loss (before exceptional items) of Rs 37 crore.
At 2:00 PM, the stock was quoting at Rs 18.05 apiece, having crashed 10 per cent in two days. By comparison, the benchmark S&P BSE Sensex was up 0.66 per cent.
