Suzlon Energy’s Net Profit Jumps 97% YOY in Q2 FY2025
Suzlon Energy, one of the leading firms in India’s renewable energy space, posted a significant 97.05% quarter-on-quarter (QoQ) and year-on-year (YoY) growth in net profit for the second quarter of fiscal year 2025 (Q2 FY25), standing at ₹201 crores. The outstanding growth reflects the company’s strong performance and strategic position within the fast-changing renewables space.
Financial Performance Overview
Suzlon Energy’s business brought in net revenue of ₹2,093 crores in Q2 FY25 which was a 48% rise compared to the same time in the previous fiscal year. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of the company was ₹294 crores, a YoY growth of 31%. The figure for the revision in net margin was 9.6% while that of the EBITDA margin was 14.1%.
Operational Highlights
Suzlon’s operational achievements during this quarter are noteworthy. The company delivered 256 MW, a 94% increase from the previous year, indicating strong demand and effective project execution. Notably, Suzlon secured an all-time high order book of 5.1 GW, which includes India’s largest wind energy order of 1,166 MW from NTPC Green Energy Limited (NGEL).
Strategic Collaborations and Acquisitions
The joint venture with NGEL entails the installation of 370 wind turbine generators, each equipped with sophisticated Hybrid Lattice Tubular (HLT) towers and a maximum capacity of 3.15 MW.The partnership demonstrates that Suzlon is committed to expanding renewable energy in India. Besides, Suzlon bought out 76% stakes in Renom Energy Services Private Limited, India’s largest multi-brand operations and maintenance service provider. Through this strategic acquisition, Suzlon is better equipped to scale its operations and maintenance market presence and manage a variety of renewable assets.
Product Innovation and Human Resources
Suzlon’s flagship S144 wind turbine model, designed for low wind conditions, continues to drive demand with a firm order book of 4.7 GW. Suzlon is increasing its production capacity to capitalize on growing demand, showing its commitment to product leadership. Simultaneously, its workforce has grown to over 7,700 employees, with doubled diversity efforts and new talent development initiatives. The company has also logged 1.54 lakh learning hours, reinforcing operational continuity and its ability to execute large-scale projects efficiently.
Conclusion
Suzlon Energy’s impressive financial performance in Q2 FY25 reflects its strategic initiatives, operational excellence, and commitment to innovation in the renewable energy sector. The company’s robust order book, strategic collaborations, and focus on product development position it well to capitalize on the growing demand for renewable energy solutions in India and beyond.
Frequently Asked Questions (FAQs)
Q1: What were Suzlon Energy's key financial highlights in Q2 FY25?
In Q2 FY25, Suzlon Energy reported a net revenue of ₹2,093 crores, a 48% increase YoY. The net profit after tax was ₹201 crores, reflecting a 96% YoY growth. EBITDA stood at ₹294 crores, with an EBITDA margin of 14.1%.
Q2: What significant orders did Suzlon secure during this quarter?
Suzlon secured a 1,166 MW order from NTPC Green Energy Limited, marking India’s largest wind energy order. This includes the installation of 370 wind turbine generators equipped with Hybrid Lattice Tubular towers.
Q3: How has Suzlon expanded its operations and maintenance capabilities?
Suzlon acquired a 76% stake in Renom Energy Services Private Limited, India’s largest multi-brand operations and maintenance service provider, managing assets across wind, solar, and balance-of-plant infrastructure.
Q4: What product innovations has Suzlon introduced recently?
Suzlon’s S144 wind turbine model, designed for low wind conditions, has secured a firm order book of 4.7 GW. The company is enhancing its manufacturing capabilities to meet the increasing demand for this model.
Q5: How has Suzlon invested in its workforce development?
Suzlon’s workforce has grown to over 7,700 employees. The company has implemented initiatives to enhance diversity, talent development, and has recorded 1.54 lakh learning hours among its staff to strengthen operational continuity.
Suzlon Energy’s performance in Q2 FY25 highlights its strategic growth, operational excellence, and commitment to advancing renewable energy solutions. The company’s financial achievements, coupled with its focus on innovation and workforce development, position it strongly in the renewable energy sector.
