Key Points
- Suzlon Energy’s net profit rose by 96% to Rs 201 crore.
- Revenue climbed 48% to Rs 2,093 crore in Q2 FY25.
- EBITDA increased by 31% to Rs 294 crore.
- Order book hit a record high of 5.1 GW.
- EBITDA margin dropped to 14.1% from 15.9% year-on-year.
- Company shares closed 5% higher at Rs 70.99 on BSE.
Looma News
Suzlon Energy Ltd announced a 96% rise in net profit, reaching Rs 201 crore for the quarter ending September 30, 2024. This growth comes from record order wins and strong revenue performance. The company’s revenue jumped 48% to Rs 2,093 crore in Q2 FY25, and EBITDA went up by 31% to Rs 294 crore. However, the EBITDA margin fell to 14.1% from 15.9% in the same quarter last year.
Girish Tanti, Vice Chairman of Suzlon Group, mentioned that the core business is in a strong position to take advantage of market growth. He pointed out improvements in the leadership team, stabilization of new products, and increased manufacturing capacity. The order book has reached a record 5.1 GW, including India’s largest wind order from NTPC.
JP Chalasani, CEO of Suzlon Group, expressed confidence in the company’s long-term growth, focusing on innovation. The record-high order book and partnerships with clients like Jindal and NTPC highlight the strength of the company’s strategy. Chalasani noted that improving efficiency and a stronger supply chain will help meet the growing demand for project execution.
On October 28, Suzlon’s shares finished 5% higher at Rs 70.99 on the BSE. The company is well-positioned to lead India’s renewable energy transition with sustainable solutions, backed by growth in the commercial and public sectors and an active bidding environment.
