Suzlon Energy on Thursday reported 365 percent increase in consolidated net profit to Rs 1,181 crore in the March quarter, mainly due to an exceptional gain. The renewable energy solutions provider's net profit was boosted by a deferred tax gain of Rs 600 crore. The company reported a consolidated net profit of Rs 254 crore in the year-ago period, a NSE filing said. During 2024-25, the consolidated net profit also rose to Rs 2,072 crore from Rs 660 crore in the previous financial year.
The company's total revenue from operations rose 73.2 percent to Rs 3,773.5 crore in the March quarter of FY25, compared to Rs 2,179.2 crore in the same period, a year ago.
The earnings before interest, taxes, depreciation and amortization (EBITDA) rose 99 percent to Rs 677 crore, against Rs 340.4 crore, in year-ago period, while margin was at 17.94 percent against 15.62 percent year-on-year (YoY).
Its total income rose to Rs 3,825.19 crore in the quarter from Rs 2,207.43 crore a year ago.
"FY25 performance sets the stage for Suzlon’s next phase of strategic evolution and market leadership. Achieving our highest profitability in a decade, strong cash reserves, and a record order book are the direct outcomes of our disciplined business transformation and sharp operational focus," Girish Tanti, Vice Chairman, Suzlon Group, said.
In FY25, it said, the company achieved record deliveries of 1.55 GW -- an impressive 118 per cent year-on-year growth.
Shares of Suzlon Energy settled lower at Rs 65.44 per share on the NSE, down 1.33 percent in Thursday's trading session.
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