Suzlon Energy Q3 Results: Profit Nearly Doubles, Beats Estimates

Margin expands 136 basis points to 16.79% in the third quarter.

Suzlon Energy Ltd.'s consolidated net profit jumped 90% on an annual basis in the third quarter of the current financial year, beating analysts' estimates (Photo source: Suzlon Energy/X)

Suzlon Energy Ltd.'s consolidated net profit jumped 90% on an annual basis in the third quarter of the current financial year, beating analysts' estimates.

The wind turbine manufacturer posted a profit of Rs 386 crore in the third quarter, according to an exchange filing on Tuesday. Analysts polled by Bloomberg had estimated a profit of Rs 350 crore.

Suzlon Energy Q3 FY25 Highlights (Consolidated, YoY)

  • Revenue up 91% to Rs 2,968.8 crore versus Rs 1,552.9 crore (Bloomberg estimate: Rs 2,855 crore).

  • Ebitda up 106% to Rs 498.6 crore versus Rs 239.7 crore (Estimate: Rs 431 crore).

  • Margin expands 136 basis points to 16.79% versus 15.43% (Estimate: 15.1%)

  • Net profit up 90% to Rs 386.5 crore versus Rs 203.2 crore (Estimate: Rs 350 crore)

Segment-Wise Revenue

  • Wind turbine generator: Revenue up 2.33 times.

  • Foundry and forging: Revenue up 65%.

  • Operations and maintenance: Revenue up 13%.

Order Book & Capacity

Suzlon Energy's total order book as of Jan 2025 stands at 5521 MW. This marks a 3.4 times jump from the 2290 MW in Dec 2023. 58% of the company's order book is from retail or commercial and industrial clients, 21% is from central and state auctions, while the balance is from public sector undertakings.

Suzlon has also reached a total manufacturing capacity of 4.5 GW due to the revamped Puducherry and Daman Nacelle facilities.

Operational Performance

The company's saw a surge in annual deliveries to 447 MW versus 170 MW a year ago. The company's deliveries for the nine months of financial year 2025 stood at 997 MW, compared to 437 MW in the same period a year ago.

Also Read: Q3 Results Updates: BHEL Profit Surges 123%, Bajaj Auto Profit Up 3%, Hyundai Motor India Profit Falls 19%

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WRITTEN BY
Mihika Barve
Mihika Barve is a NISM Certified Research Analyst at NDTV Profit actively t... more
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