Suzlon Energy on August 12 reported a 7.3 percent rise in consolidated net profit to Rs 324.3 crore in the June quarter, driven mainly by higher revenues. The renewable energy solutions provider had reported a consolidated net profit of Rs 302.3 crore in the year-ago period, a BSE filing said.
The company reported that it's total revenue from operations grew 55 percent to Rs 3,132 crore in the quarter under review from Rs 2,021 crore in the same period, a year ago.
The total income of the company rose to Rs 3,165.19 crore from Rs 2,044.35 crore in the same period a year ago. The company stated it received 1 GW of orders in the quarter, taking its total order book to 5.7 GW.
The company said it has recorded consistent growth in its order book over the last 10 quarters and achieved its highest-ever deliveries of 444 MW in Q1.
The earnings before interest, taxes, depreciation and amortization (EBITDA) rose 62.4 percent to Rs 598.2 crore in the quarter, up from Rs 368.3 crore in the year-ago period, while the margin was reported at 19.1 percent in the first quarter of the current fiscal from 18.2 percent in the year ago period.
Girish Tanti, Vice Chairman, Suzlon Group, said, "The rising demand from C&I and PSU customers, along with a strong base of repeat orders, reflects the trust in Suzlon’s technology leadership and execution capabilities."
Himanshu Mody, Chief Financial Officer, Suzlon Group, said, "The company recognised Deferred Tax Assets of Rs 630 crore last quarter, which is now unwinding, resulting in a deferred tax charge of Rs 134 crore in Q1 FY26. This is purely an accounting adjustment with no cash impact."
The board also approved appointment of and payment of remuneration to Vinod R Tanti as the Chairman and Managing Director and Girish R Tanti as the Executive Director of the company for a further term of five years, i.e. from 7th October 2025 up to 6th October 2030, subject to the approval of the shareholders at the ensuing Annual General Meeting of the company.
The company also informed that it's group CFO resigned w.e.f. August 31.
"This is to further inform that Himanshu Mody, the Group Chief Financial Officer of the company, one of the Key Managerial Personnel (KMP) of the company, has resigned as the Chief Financial Officer of the company with effect from the close of business hours of August 31, 2025," the company said in a stock exchange filing.
"The Company is in advanced stage of appointing a new Chief Financial Officer of the
Company," it added.
Shares of Suzlon Energy traded under selling pressure in today's trading session and settled lower at Rs 63.22 per share on the NSE, declining 0.16 percent.
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