Suzlon Energy Q3 Results: Profit Nearly Doubles to Rs 386 Crore, Surpassing Analyst Projections
Suzlon Energy Ltd., a leading wind turbine manufacturer, has reported a remarkable 90% year-on-year increase in consolidated net profit for the third quarter of fiscal year 2025 (Q3 FY25), exceeding market expectations. The company's strong performance is attributed to increased deliveries and improved operational efficiency.
Financial Performance Overview
For the quarter ended December 2024, Suzlon Energy reported a consolidated net profit of Rs 386 crore, a significant jump from Rs 203.2 crore in the same period last year. This figure surpassed the consensus estimate. Revenue for the quarter also saw a substantial increase of 91%, reaching Rs 2,968.8 crore compared to Rs 1,552.9 crore in Q3 FY24.
Key Financial Highlights (Consolidated, YoY)
- Revenue: Increased by 91% to Rs 2,968.8 crore from Rs 1,552.9 crore.
- EBITDA: Rose by 106% to Rs 498.6 crore from Rs 239.7 crore. (Estimate: Rs 431 crore)
- Margin: Expanded by 136 basis points to 16.79% from 15.43%. (Estimate: 15.1%)
- Net Profit: Increased by 90% to Rs 386.5 crore from Rs 203.2 crore. (Estimate: Rs 350 crore)
Segment-Wise Revenue Performance
- Wind Turbine Generator: Revenue increased 2.33 times.
- Foundry and Forging: Revenue grew by 65%.
- Operations and Maintenance: Revenue increased by 13%.
Operational Performance
Suzlon Energy witnessed a significant surge in annual deliveries, reaching 447 MW in Q3 FY25, up from 170 MW in the same period last year. For the first nine months of FY25, deliveries stood at 997 MW, compared to 437 MW in the corresponding period of the previous year. This highlights the company's strong operational performance and ability to meet growing market demand.
Suzlon Energy's impressive Q3 FY25 results reflect the company's robust growth trajectory and its position as a key player in the renewable energy sector. The significant increase in profit, revenue, and deliveries underscores the company's successful execution of its business strategy and its ability to capitalize on the expanding market for wind energy solutions.
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