Earnings Review
Volume spurt almost doubles Suzlon Energy Oct-Dec earnings
This story was originally published at 18:06 IST on 28 January 2025
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--Suzlon Energy Oct-Dec consol PAT INR 3.87 bln vs INR 2.03 bln year ago
--Suzlon Energy Oct-Dec consol revenue INR 29.75 bln vs INR 15.60 bln yr ago
--Suzlon Energy Apr-Dec consol PAT INR 8.89 bln vs INR 4.06 bln year ago
--Suzlon Energy Apr-Dec consol revenue INR 71.0 bln vs INR 43.3 bln year ago
--Suzlon Energy Oct-Dec wind turbine ops sales INR 23.4 bln vs INR 10.0 bln
--Suzlon Energy Oct-Dec consol EBITDA INR 5.00 bln vs INR 2.48 bln yr ago
--Suzlon Energy Oct-Dec consol EBITDA margin 16.8% vs 15.9% year ago
--Suzlon Energy Oct-Dec consol net volumes 447 MW vs 170 MW year ago
--Suzlon Energy wind ops current order book 5.5 GW
By Akshay V. Johnson
MUMBAI – Suzlon Energy's consolidated revenues and net profit almost doubled on year, driven by volumes which more than doubled on year. The increase in volumes resulted in similar growth in total expenses of the company, which also nearly doubled on year. The company's revenue growth for the December quarter was the highest in 11 quarters.
The company reported a consolidated net profit of INR 3.87 billion for the December quarter, up 90.6% from the year-ago quarter. Analysts had estimated the company would report a net profit of INR 3.18 billion. The company's revenues surged 91% on year to INR 29.69 billion, beating analysts' estimates of INR 28.39 billion. Sequentially, the company's net profit was up 93.3% while the revenues were up 41.9%. The company's other income for the quarter nearly tripled to INR 275 million.
The company reported total expenses of INR 26.11 billion for the December quarter, up 91% from the year-ago quarter. Cost of materials consumed, which accounted for 66% of the company's total expenses, was INR 17.32 billion for the December quarter, up 81% on year. The company's other expenses surged 71% on year to INR 3.19 billion while employee benefit expenses rose 50% on year to INR 2.65 billion. For Apr-Dec, the company's consolidated net profit more than doubled to INR 8.89 billion, while the revenues were up 64% on year to INR 70.78 billion.
The company reported consolidated earnings before interest, tax, depreciation, and amortisation of INR 5 billion for the December quarter, more than double from the year-ago quarter. The EBITDA margin for the quarter was 16.8%, up from 15.9% a year ago. For the latest quarter, the company reported a consolidated net volume of 447 megawatts, up from 170 MW in the corresponding quarter a year ago. The company reported consolidated revenue of INR 23.36 billion in the wind turbine generator segment, up from INR 10.04 billion in the year-ago quarter. Its operations and maintenance services segment reported a revenue of INR 5.80 billion, up from INR 5.14 billion a year ago. As of January 2025, the company reported the wind order book at 5.5 gigawatts.
On Tuesday, shares of Suzlon Energy closed flat at INR 50.26 on the National Stock Exchange. The company declared its reuslts after market hours. End
Edited by Deepshikha Bhardwaj
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