New Delhi: Suzlon Energy shares will be in focus on January 28, 2025, i.e., Wednesday, a day after the Renewables solutions providing company declared its Q3 Results 2024-25. In its financials, Suzlon Energy declared a 91 per cent jump in consolidated net profit at Rs 388 crore in the third quarter of the current financial year. The firm’s net profit stood at Rs 203 crore in the third quarter of 2023-24.
Suzlon share price closed at Rs 50.44 apiece on January 27. The stock has reached Rs 86 in September 2024.
In its statement, Suzlon mentioned that its net revenue jumped to Rs 2,969 crore in the third quarter of 2024-25 as compared to Rs 1,553 crore in the October-December quarter of the previous financial year. The company also boasted of achieving record quarterly deliveries of 447 MW in October-December 2024. Suzlon did not announce any dividend in the third quarter.
The company’s manufacturing capacity reached 4.5 GW with revamped Puducherry and Daman Nacelle facilities. It also logged the highest-ever order book at 5.5 GW, and C&I and PSU now constitute 80 per cent of the total order book.
Suzlon Energy Q3 2024-25 Results highlights
- Record quarterly deliveries of 447 MW, 9-month deliveries to 977 MW
- Revenue Growth at 42% (vs. Q2 FY25), 94% (vs. Q3 FY24)
- EBITDA hits Rs 500 crores, with PAT at Rs 388 crores
- EBITDA Margin at 16.8% and Net Profit Margin at 13.1%, reflecting improved profitability
- Consistent PAT Growth 93% (vs. Q2 FY25), 91% (vs. Q3 FY24)
- Manufacturing capacity reached 4.5 GW, with revamped Puducherry and Daman Nacelle facilities
- Highest-ever order book at 5.5 GW, C&I and PSU now constitute ~80% of the total order book
| Particulars | Q3 FY25 Unaudited | Q3 FY24 Unaudited | Q2 FY25 Unaudited | 9M FY25 Unaudited | 9M FY24 Unaudited |
| Net Volumes (MW) | 447 | 170 | 256 | 977 | 437 |
| Net Revenue | 2969 | 1553 | 2093 | 7078 | 4318 |
| EBITDA | 500 | 248 | 294 | 1164 | 671 |
| EBITDA Margin | 16.80% | 15.90% | 14.00% | 16.40% | 15.60% |
| Net Finance Cost | 42 | 5 | 38 | 102 | 93 |
| Net Profit After Tax | 388 | 203 | 201 | 891 | 406 |
Commenting on company’s performance and business deals, Girish Tanti, Vice Chairman, Suzlon Group said the partnerships with Public Sector Undertakings has helped fuel its growth.
“One emerging trend fuelling our growth is our strategic emphasis on Commercial & Industrial (C&I) and Public Sector Undertaking (PSU) customers. As these organisations prioritise sustainability and renewable energy, we’re delivering reliable, affordable solutions that power their operations.
“This strategic shift is driving demand, positioning Suzlon as a trusted partner for businesses pursuing green energy ambitions and catalysing growth in the renewable energy sector,” Tanti said.
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Suzlon Energy stock will be in focus on January 29, 2025 (Wednesday) after the company announced stellar Q3 2024-25 results, reporting a 91% surge in net profit to Rs 388 crore, driven by record quarterly deliveries of 447 MW and a substantial revenue increase to Rs 2,969 crore. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
