Suzlon Energy reports stellar Q3 performance with 91% profit surge

Suzlon Energy has reported an exceptional third quarter for FY25, with consolidated net profit soaring 91% to ₹387 crore, compared to ₹203.04 crore in the same period last year. The company's revenue demonstrated equally impressive growth, climbing 91.2% to ₹2,968.81 crore from ₹1,552.91 crore year-over-year. Operating performance also improved, with EBITDA margin increasing to 16.8% from 15.9% in the corresponding quarter.

Manufacturing capacity expansion and order book growth

The company has made significant strides in expanding its production capabilities, upgrading nacelle manufacturing facilities in Daman and Puducherry to achieve an annual production capacity of 4.5 GW. Further expansion is underway with additional production lines being added at Ratlam and Jaisalmer facilities. The company's order book stands at an impressive 5.5 GW, with the S144 model accounting for 92% of total orders. Notably, commercial, industrial, and public sector undertaking segments represent 80% of the total order book.

Market performance and financial details

Suzlon Energy's stock hit a 5% upper circuit at ₹52.76 per share during Wednesday's trading session. The company's market capitalization stood at ₹72,004.63 crore. Over the past year, Suzlon shares have outperformed the broader market, gaining 14.6% compared to the Sensex's 5.5% rise. Total expenses for Q3FY25 increased by 91.06% to ₹2,611.03 crore, up from ₹1,366.58 crore in the previous year.

Management Outlook

JP Chalasani, CEO of Suzlon Group, expressed confidence in the company's trajectory, highlighting consistent quarter-on-quarter growth across all business segments. He emphasized that the manufacturing capacity expansion in India is proceeding according to plan, positioning the company to fulfill its record-high order book. The company has also secured three major orders and strengthened partnerships with key clients, including Jindal Renewables and Torrent, indicating strong business momentum.