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HomeNewsBusinessEarningsSuzlon Energy Q3 Results: Net profit jumps 91% to Rs 387 crore, revenue rises to Rs 2,969 crore

Suzlon Energy Q3 Results: Net profit jumps 91% to Rs 387 crore, revenue rises to Rs 2,969 crore

The company’s revenue from operations also saw a strong rise. It reported a revenue of Rs 2,969 crore in Q3, up over 91 percent from the Rs 1,553 crore revenue reported in the year-ago period.

January 28, 2025 / 16:34 IST
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    Suzlon Energy on January 28 reported a consolidated net profit of Rs 387 crore for the quarter with ended on December 31. This marks an impressive increase of around 91 percent from the Rs 203 crore net profit reported in the same quarter of the previous financial year.

    The company's revenue from operations also saw a strong rise. It reported a revenue of Rs 2,969 crore in Q3, up over 91 percent from the Rs 1,553 crore revenue reported in the year-ago period.

    Suzlon Energy's total income sharply rose by 91 percent year-over-year to Rs 3,002 crore. It had reported a net income of Rs 1,570 in Q3 of FY25. Its EBITDA more than doubled to Rs 500 crore, while EBITDA margin stood at 16.8 percent in Q3.

    Suzlon Energy reported record quarterly deliveries of 447 MW in the quarter under review. The company's wind turbine generator segment saw a strong improvement. The revenue generated from the segment more than doubled to Rs 2,336 crore in Q3 FY25 from Rs 1,004 crore in Q3 FY24.  The revenue generated from its foundry and forging segment also recorded strong gains, rising nearly 65 percent year-over-year to Rs 146 crore.

    JP Chalasani, Chief Executive Officer, Suzlon Group, said, "We are experiencing consistent quarter‐on‐quarter growth, with each of our businesses operating as strong, independent entities driving performance. Our manufacturing capacity expansion in India is progressing as planned to fulfill our record‐high order book of 5.5 GW. With our ramp‐up strategy on track and operational preparedness at optimal levels, we can sustain momentum, create long‐term value for our stakeholders, and play a pivotal role in advancing India’s renewable energy ambitions."

    After recording significant decline during the day, the shares of the company recovered all losses to close in the green at Rs 50.25. Notably, the Q3 results were announced during the post-market hours of January 27. The stock will be keenly watched by market experts on January 28.

    Moneycontrol News
    first published: Jan 28, 2025 03:57 pm

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