Pune, India – January 28, 2025: Suzlon Energy Limited (NSE: SUZLON, BSE: 532667), India's leading renewable energy solutions provider, has announced its unaudited financial results for Q3 FY2024-25, reporting a revenue of ₹2,969 crore and a net profit of ₹388 crore. The company achieved record-breaking quarterly wind turbine deliveries of 447 MW, marking a 163% YoY growth.
Key Financial Highlights – Q3 FY2024-25 (Consolidated)
- Revenue from Operations: ₹2,969 crore (YoY increase of 91% from ₹1,553 crore)
- Total Income: ₹3,002 crore
- Profit Before Tax (PBT): ₹391 crore
- Net Profit (PAT): ₹388 crore (YoY increase of 91% from ₹203 crore)
- EBITDA: ₹500 crore (YoY increase of 102% from ₹248 crore)
- EBITDA Margin: 16.8%.
Nine-Month Performance (April – December 2024) (Consolidated)
- Total Revenue: ₹7,078 crore (YoY increase of 64% from ₹4,318 crore)
- Profit Before Tax (PBT): ₹895 crore
- Net Profit (PAT): ₹891 crore
- Earnings Per Share (EPS): ₹0.65 per share.
Strategic Developments & Key Announcements
- Record Order Book at 5.5 GW:
- Largest domestic order book in Suzlon's history, with C&I and PSU customers contributing ~80%.
- A recent 486 MW order from Torrent Power further strengthens the pipeline.
- Expansion of Wind Turbine Manufacturing Capacity:
- Production capacity increased to 4.5 GW with upgraded facilities in Puducherry and Daman.
- New production lines were added in Ratlam and Jaisalmer.
- S144 Wind Turbine Gains Market Dominance:
- 92% (~5 GW) of the total order book consists of S144 turbines.
- Achieved milestone of delivering 300th S144 wind turbine.
- Expansion in Operations & Maintenance (OMS) Services:
- Suzlon now manages 15 GW of installed wind assets across India.
- High contract retention rate with a 4-5% annual fee escalation.
- Acquisition of Renom Energy Services:
- Strengthens Suzlon's position as India's largest multi-brand O&M provider.
- Renom manages 3,016 MW of wind and solar assets.
- CRISIL Credit Rating Upgrade:
- Suzlon's credit rating upgraded to 'CRISIL A' from 'CRISIL A-' with a Positive Outlook.
Management Commentary
Girish Tanti, Vice Chairman, Suzlon Group, stated:"We continue to build a future-ready business with strategic talent, next-generation technology, and expanding operational capacity. Our strong order book and execution capabilities position us as a leader in India's renewable energy transition.".
JP Chalasani, CEO, Suzlon Group, added:
"With our record-high order book of 5.5 GW and expanded manufacturing capacity, we are well-positioned to meet growing demand and accelerate India's green energy transition.".
Market Outlook & Investor Takeaways
- India's renewable energy push driving strong wind energy demand.
- Record order book provides revenue visibility for upcoming quarters.
- Strategic acquisitions and operational efficiencies enhancing profitability.