Earnings Review
Suzlon Energy revenue up 55% on year but misses Street view
This story was originally published at 17:10 IST on 12 August 2025
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--Suzlon Energy Apr-Jun consol PAT INR 3.24 bln vs INR 3.02 bln year ago
--Suzlon Energy board OKs appointing Vinod R Tanti as CMD
--Suzlon Energy Apr-Jun consol revenue INR 31.32 bln vs INR 20.22 bln yr ago
--Suzlon Energy board OKs appointing Girish R Tanti as executive director
--Suzlon Energy Q1 consol wind turbine sales INR 24.95 bln vs INR 14.97 bln
--Suzlon Energy Apr-Jun consol EBITDA INR 5.99 bln vs INR 3.70 bln year ago
--Suzlon Energy Apr-Jun consol EBITDA margin 19.2% vs 18.4% year ago
--Suzlon Energy Apr-Jun consol net volumes 444 MW vs 274 MW year ago
--Suzlon: Reappointed CMD Vinod R Tanti, ED Girish R Tanti for 5 more years
--Suzlon Energy current wind order book 5.74 GW vs 5.03 GW on Mar 31
By J. Navya Sruthi
MUMBAI – Suzlon Energy Ltd. reported strong top-line numbers in Apr-Jun even as its bottom line recorded a single-digit growth. The company's consolidated revenue grew nearly 55% on year to INR 31.32 billion. The company's net profit rose over 7% on year during the June quarter to INR 3.24 billion.
The wind turbine manufacturer's revenue and net profit were below analysts' estimates. The estimates for revenue for the quarter ranged from INR 32.38 billion and INR 33.30 billion and net profit ranged between INR 4.70 billion and INR 4.79 billion.
On a sequential basis, both revenue and net profit fell sharply. The net profit declined 73% from a quarter ago, primarily due to a high base. The renewable energy solutions provider had reported a profit of INR 11.81 billion in the March quarter, mainly due to a deferred tax of around INR 6.00 billion.
The company recognised deferred tax assets of INR 6.30 billion in the March quarter, which is now unwinding, resulting in a deferred tax charge of INR 1.34 billion in the June quarter, Himanshu Mody, chief financial officer, said in a release. "This is purely an accounting adjustment with no cash impact. Our strong order inflow provides clear revenue visibility, while five-notch rating upgrades over the last two years reflect our improved financial strength and flexibility — unlocking new working capital avenues," he said.
The company reported total expenses of INR 27.06 billion for the June quarter, up over 55% from a year ago. The cost of materials consumed, which accounted for 91% of the company's total expenses, rose over 85% on year to INR 24.64 billion during the quarter. The company's other expenses rose over 75% on year to INR 3.61 billion and employee benefit expenses rose nearly 30% on year to INR 2.5 billion.
The company reported consolidated earnings before interest, tax, depreciation, and amortisation of INR 5.99 billion for the June quarter, up from INR 3.70 billion a year ago. The EBITDA margin for the quarter rose to 19.2% from 18.4% a year ago.
The company reported a consolidated net volume of 444 megawatts during the quarter, up from 274 MW a year ago.
The board approved the appointment of Vinod R. Tanti as chairman and managing director and Girish R. Tanti as executive director for five more years.
The company reported a revenue of INR 24.95 billion in the wind turbine generator segment, up from INR 14.97 billion a year ago. As of Jun. 30, the company reported the wind power order book at 5.74 gigawatts, up from 5.03 gigawatts a quarter ago.
Tuesday, shares of Suzlon Energy ended 0.3% lower at INR 63.13 on the National Stock Exchange. The company declared its results after market hours. End
Edited by Saji George Titus
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