Suzlon Energy stock jumps 5% upper circuit as Q1 net profit jumps 200% YoY

Suzlon Group, India’s largest renewable energy solutions provider, announced its first quarter results for the financial year 2024-25 (Q1 FY25).

Girish Tanti, Vice Chairman, Suzlon Group, said on the occasion, “We have consistently outperformed ourselves across all performance parameters for the last several quarters. This is a good indication of our readiness to meet industry demand and leverage the tailwinds of the sector. Our largest-ever order book of 3.8 GW gives us great visibility for the future. With significant deliveries of our flagship product series, 3.x MW S144 in Q1 FY25, we are in a strong position to service our current order book.”

“At the sectoral level, we warmly welcome our new Minister for the Ministry of New and Renewable Energy, Shri Pralhad Joshiji, and extend our dedicated support to our Hon’ble Prime Minister’s vision of a greener and sustainable nation.”

JP Chalasani, Chief Executive Officer, Suzlon Group, said, “We are consistently performing in line with our business plan with one of our best Q1 performances in a long time. We continued our strategic focus of strengthening our operational performance across businesses and building the leadership bandwidth. However, our top priority remains timely execution of our robust order book while upholding the highest standards of quality and ESG.”

“We recently welcomed our CEO of Manufacturing, Mr. Gurpratap Boparai, who carries a rich experience in the manufacturing sector with pedigree global automobile companies. This move will allow us to build on our core strength of manufacturing excellence with renewed vigour.”

Himanshu Mody, Chief Financial Officer, Suzlon Group, said, “The results speak for themselves. With revenue of ₹ 2,016 crores and EBIDTA of ₹ 370 crores, we have shown good top-line and bottom-line performance with increased margins. It is important to note that all our businesses
have shown improvement in operational performance with tight control on costs, resulting in
well-rounded and solid results.”

“As an organisation positioned for growth and sectoral leadership, we continue to work on our systems, processes, compliance, and governance to drive financial discipline and build people capabilities for sustained success.”

Suzlon Group Q1 FY25 Results at a glance (consolidated):