Suzlon Energy Q2 results: Net profit jumps 96% YoY to Rs 201 crore, revenue up 48%
Suzlon Energy on Monday reported a 96% jump in its September quarter consolidated net profit at Rs 201 crore versus Rs 102 crore in the year ago period. Company's revenue from operations during the quarter stood at Rs 2,093 crore, up 48% over Rs 1,417 crore reported in the corresponding quarter of the previous financial year.
Company's Earnings, Before Interest, Taxes, Depreciation and Amortisation (EBITDA) in the reported quarter stood at Rs 294 crore versus Rs 225 crore in the year ago period. It was 31% higher on a YoY basis. Meanwhile, EBITDA margin in Q2FY25 was down to 14.1% from 15.9% in the year ago period.
Net finance grew marginally to Rs 38 crore in the July to September quarter of FY25 versus Rs 36 crore in the year ago period.
The company delivered robust deliveries at 256 MW in line with market expectations which was a 96% YoY growth. Order book stood at all‐time high 5.1 GW including India’s largest wind order from NTPC.
Suzlon signed India's largest wind energy order of 1,166 MW from NTPC Green Energy Limited, the Renewables Arm of NTPC, to install a total of 370 wind turbine generators (WTGs) of S144 equipped with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each. This includes two projects of NTPC Renewable Energy Limited (a wholly owned subsidiary of NGEL) and one project of Indian Oil NTPC Green Energy Pvt. Ltd. (A group company of NGEL) in the state of Gujarat.
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