Suzlon Group, a leading provider of renewable energy solutions in India, has reported a significant increase in net profit for the third quarter ended December 31, 2024. The company’s net profit soared by 91 per cent to ₹388 crores, while revenue grew by the same percentage to reach ₹2,969 crores. This growth was driven by record quarterly deliveries of 447 MW.
On the stock market, shares of Suzlon Energy Limited closed at ₹50.44, up by ₹0.21 or 0.42 per cent on the NSE today. The company’s EBITDA also saw a substantial increase, rising by 102 per cent to ₹500 crores, with an EBITDA margin of 16.8 per cent. The order book of Suzlon reached an all-time high of 5.5 GW, with C&I and PSU customers accounting for approximately 80 per cent of total orders.
Suzlon has expanded its manufacturing capacity to 4.5 GW annually by revamping its facilities in Puducherry and Daman, and by adding two production lines in Ratlam and Jaisalmer to meet the growing demand. The S144 wind turbine model continues to be the preferred choice in the Indian market, representing 92 per cent of the current order book. CRISIL Ratings has upgraded Suzlon’s credit rating to ‘CRISIL A’ with a positive outlook, marking the second upgrade in 2024. The company manages around 15 GW of assets in India and an additional 6 GW installed internationally.
In a recent milestone, Suzlon delivered its 300th S144 wind turbine, showcasing its strong presence and expertise in the industry. Overall, Suzlon’s performance in the third quarter reflects its continued growth and success in the renewable energy sector.
