Suzlon Group, India’s leading renewable energy solutions provider, has reported stellar financial performance for the quarter ended December 31, 2024 (Q3 FY25). The company achieved robust growth across key financial metrics, underscoring its strong position in the renewable energy sector.
Key Financial Highlights (Consolidated)
- Revenue: ₹2,969 crore, a 91% year-on-year (YoY) increase from ₹1,553 crore in Q3 FY24.
- Net Profit After Tax (PAT): ₹388 crore, up 91% YoY from ₹203 crore.
- EBITDA: ₹500 crore, a 102% increase from ₹248 crore in Q3 FY24, with an EBITDA margin of 16.8%.
- Net Volumes: 447 MW, up 163% YoY from 170 MW in Q3 FY24.
Operational Highlights
- Order Book: Suzlon achieved its highest-ever order book of 5.5 GW, with Commercial & Industrial (C&I) and Public Sector Undertaking (PSU) customers accounting for 80% of total orders.
- Manufacturing Capacity: Expanded to 4.5 GW, supported by revamped facilities in Puducherry and Daman. Additional production lines at Ratlam and Jaisalmer are underway.
- Product Innovation: The S144 wind turbine dominated the Indian wind market, accounting for 92% (~5 GW) of the overall order book. Suzlon delivered its 300th S144 turbine during the quarter.
Girish Tanti, Vice Chairman, stated, “Our strategic focus on sustainability, operational capacity, and customer-centricity continues to drive consistent growth. By prioritizing C&I and PSU customers, we’re aligning with India’s green energy goals and strengthening our leadership in the renewable energy sector.”
JP Chalasani, CEO, added, “We’ve achieved significant growth by ramping up our operations and executing our robust order book efficiently. Our focus remains on creating long-term value for stakeholders while advancing India’s renewable energy ambitions.”
Himanshu Mody, CFO, emphasized, “This quarter’s results reflect our execution capabilities, with strong profit growth driven by higher volumes and operational efficiencies.”
Awards and Recognitions
- CRISIL upgraded Suzlon’s credit rating to ‘CRISIL A’ with a Positive Outlook.
- Suzlon received the GEEF Global Sustainability Award 2024 for excellence in renewable energy.
- Suzlon Global Services Ltd. (SGSL) won the ‘Great Indian Renewable Energy Company of the Year’ award and several other accolades for sustainability and green practices.
With a strong order pipeline, advanced wind turbine technologies, and ongoing manufacturing expansions, Suzlon is poised to maintain its growth trajectory and solidify its market leadership in the renewable energy sector.
