New Delhi, May 30 (PTI) Shares of Suzlon Energy on Friday surged nearly 14 per cent after the firm reported a nearly fivefold jump in consolidated net profit for the March quarter.

The stock jumped 13.57 per cent to Rs 74.30 on both the BSE and NSE.

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The company's market valuation surged by Rs 8,981.06 crore to Rs 98,271.98 crore in morning trade.

Suzlon Energy on Thursday reported a nearly fivefold jump in consolidated net profit to Rs 1,181 crore for the March quarter, mainly on the back of higher revenues.

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The company reported a consolidated net profit of Rs 254 crore in the quarter ended March 2024, a BSE filing said.

Total income rose to Rs 3,825.19 crore in the quarter from Rs 2,207.43 crore a year ago.

During 2024-25, the profit rose to Rs 2,072 crore from Rs 660 crore in the previous financial year. Total income increased to Rs 10,993.13 crore from Rs 6,567.51 crore in the year-ago period.

"FY25 performance sets the stage for Suzlon's next phase of strategic evolution and market leadership. Achieving our highest profitability in a decade, strong cash reserves, and a record order book are the direct outcomes of our disciplined business transformation and sharp operational focus," Girish Tanti, Vice Chairman, Suzlon Group, said.

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