Market News
2 min read | Updated on January 28, 2025, 16:54 IST
SUMMARY
Suzlon Energy on Tuesday announced a 91.18% jump in net revenue at ₹2,969 crore in Q3 FY25, compared to ₹1,553 crore in the same period a year ago. Its net profit stood at ₹388 crore in the period under review.
Stock list
Suzlon Energy's net revenue rose to ₹2,969 crore in Q3 FY25 from ₹1,553 crore in the same period a year ago
Renewables solutions provider Suzlon Energy on Tuesday declared a 91% jump in consolidated net profit at ₹388 crore for three months ended December 31, 2024 on the back of higher revenues.
The company had a net profit of ₹203 crore in the quarter ended December 31, 2023, a company statement said.
According to the statement, net revenue rose to ₹2,969 crore from ₹1,553 crore in the same period a year ago.
The company also achieved record quarterly deliveries of 447 MW in October-December 2024.
Manufacturing capacity reached 4.5 GW with revamped Puducherry and Daman Nacelle facilities.
It also logged the highest-ever order book at 5.5 GW, and C&I and PSU now constitute 80% of the total order book.
"One emerging trend fuelling our growth is our strategic emphasis on Commercial & Industrial (C&I) and Public Sector Undertaking (PSU) customers. As these organisations prioritise sustainability and renewable energy, we're delivering reliable, affordable solutions that power their operations," Girish Tanti, Vice Chairman, Suzlon Group said.
"This strategic shift is driving demand, positioning Suzlon as a trusted partner for businesses pursuing green energy ambitions and catalysing growth in the renewable energy sector," Tanti added.
Chief Financial Officer Himanshu Mody said the focus in Q3 FY25 was execution, which is visible in the company's financial performance, marked by significant profit growth driven by volume and margin expansion and enhanced operating leverage.
About The Author
Next Story