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Informist, Thursday, May 29, 2025

 

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--Suzlon Energy Jan-Mar consol PAT INR 11.82 bln vs INR 2.54 bln year ago 
--Suzlon Energy Jan-Mar consol revenue INR 37.90 bln vs INR 21.96 bln yr ago 
--Suzlon Energy FY25 consol PAT INR 20.72 bln vs INR 6.60 bln year ago 
--Suzlon Energy FY25 consol revenue INR 108.90 bln vs INR 65.29 bln year ago 
--Suzlon Energy Jan-Mar wind turbine ops sales INR 31.42 bln vs INR 15.32 bln 
--Suzlon Energy Jan-Mar consol EBITDA INR 6.93 bln vs INR 3.57 bln year ago 
--Suzlon Energy Jan-Mar consol EBITDA margin 18.4% vs 16.4% year ago 
--Suzlon Energy Jan-Mar consol net volumes 573 MW vs 273 MW year ago

 

By J. Navya Sruthi

 

MUMBAI – Suzlon Energy Ltd. delivered a strong performance in the March quarter, with its financial results beating the Street's estimates. Driven by a surge in deliveries, the company's top line for Jan-Mar grew nearly 73% on year to INR 37.90 billion. Analysts had expected the company's revenue to be between INR 34.21 billion and INR 37.21 billion.

 

The company's consolidated net profit for the March quarter surged 365% on year and over 205% sequentially to INR 11.82 billion. According to estimates by three brokerages, the consolidated net profit for the quarter was estimated between INR 4.04 billion and INR 4.45 billion. The renewable energy solutions provider reported deferred tax of around INR 6.00 billion for the quarter, which pushed the profit higher.

 

Suzlon Energy's deliveries rose 118% to 1,550 megawatts in the financial year 2024-25 (Apr-Mar). For FY25, the company's net revenue rose to INR 108.90 billion, from INR 65.29 billion the previous year.

 

The company reported total expenses of INR 32.74 billion for the March quarter, up nearly 70% from a year ago. The cost of materials consumed, which accounted for 75% of the company's total expenses, was INR 24.70 billion for the quarter, up over 75% on year. The company's other expenses rose nearly 67% on year to INR 4.44 billion and employee benefit expenses rose 31% on year to INR 2.40 billion. For FY25, the company's consolidated net profit rose more than three times to INR 20.72 billion. 

 

The company reported consolidated earnings before interest, tax, depreciation, and amortisation of INR 6.93 billion for the March quarter, sharply up by 94% on year. The EBITDA margin for the quarter was 18.4%, up from 16.4% a year ago. For the quarter, the company reported a consolidated net volume of 573 MW, more than double from 273 MW a year ago.

 

The company reported a consolidated revenue of INR 31.42 billion in the wind turbine generator segment, more than double the INR 15.32 billion revenue it had reported a year ago. The contribution margin for the segment expanded to 23%, a rise of 360 basis points, backed by 4.50 gigawatt manufacturing capacity, according to a press release. "We will continue to invest in building a strong local manufacturing and supply chain ecosystem to support India's wind energy ambitions," the company said. Its operations and maintenance services segment reported a revenue of INR 5.91 billion, up from INR 5.74 billion a year ago.

 

As of March, the company reported the wind power order book at 5.6 gigawatts, making it a dominant product for the Indian market, according to the company's investor presentation. Suzlon Energy has a net cash position of INR 19.43 billion.

 

Thursday, shares of Suzlon Energy ended 1% lower at INR 65.42 on the National Stock Exchange. The company declared its results after market hours.  End

 

Edited by Rajeev Pai

 

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