Suzlon Energy recorded a net profit of ₹1,278 crore in Q2 FY25, an increase of 539%. Revenue grew by 84% to ₹3,870 crore, and EBITDA doubled with an 18.6% margin. The company's order book reached 6.2 GW.
Suzlon Energy Q2 Results: Suzlon Energy Limited delivered an impressive performance in the September quarter (Q2 FY25). The company's net profit surged to ₹1,278 crore from ₹200 crore last year, marking an increase of approximately 539%. This includes a tax write-back of ₹718 crore. Even if this one-time gain is excluded, the company's profit more than doubled compared to last year.
Strong Surge in Revenue and EBITDA
The company's total revenue increased from ₹2,103 crore to ₹3,870 crore, representing an approximately 84% growth. Meanwhile, EBITDA (Operating Profit) rose from ₹293 crore to ₹720 crore, indicating that the company's operating earnings nearly multiplied by two and a half times. The EBITDA margin also improved from 14% last year to 18.6% this quarter. This demonstrates that Suzlon is now earning more profit on every rupee of revenue than before.
Record Deliveries and Growing Order Book
Suzlon Energy's deliveries in this quarter stood at 565 megawatts (MW), which is the highest in the company's history to date. The company's order book has reached 6.2 gigawatts (GW), with 2 GW of orders added in the first half of the current fiscal year. By the end of the September quarter, the company's net cash position was ₹1,480 crore, reflecting its b financial health.
Strong Performance Across Various Segments
Suzlon's core business is the Wind Turbine Generator (WTG) segment. Revenue from this segment nearly doubled, increasing from ₹1,507 crore to ₹3,241 crore. The company also performed well in its Foundry and Forging business, with revenue rising from ₹83 crore to ₹121 crore. Meanwhile, the O&M (Operations and Maintenance) business saw a modest increase, growing from ₹565 crore to ₹575 crore.
Focus on Rapid Growth with a New Strategy
Girish Tanti, Vice Chairman of Suzlon Group, stated that the company has modified its operational approach. Now, development and execution will be handled by separate teams, which will accelerate project speed. He added that India has a target of 400 gigawatts of wind energy by 2047, and Suzlon will play a crucial role in this mission. J.P. Chalasani, CEO of Suzlon, commented that the wind energy market in India is expanding rapidly. Preparations are underway to install new projects totaling 6 GW in the current fiscal year and 8 GW next year.
Stock Surges, Investor Confidence Boosted
Suzlon Energy's share is trading at ₹60.65 today, up by 2.38%. Over the past 5 days, the stock has gained 6.44%, and in one month, it has increased by 12.09%. However, it has climbed 6.55% in the last 6 months, while showing a 7.16% decline since the beginning of the year.
