Suzlon Energy Q2 FY25 results

Suzlon Energy Q2 FY25: Record Profit Surge Driven by Strong Order Wins and Strategic Growth

Suzlon Energy Ltd., a leader in renewable energy, announced a remarkable 96% jump in net profit for the second quarter ending September 30, 2024, bringing in ₹201 crore due to record-breaking order wins and improved margins. The company’s revenue surged by an impressive 48% YoY, reaching ₹2,093 crore, underscoring Suzlon’s growth and solidifying its position in India’s renewable energy landscape.

Financial Highlights

• EBITDA rose by 31% to ₹294 crore, fueled by higher project execution and a strengthened order book.
• EBITDA Margin saw a slight dip, landing at 14.1%, compared to 15.9% in Q2FY24, as the company navigates a dynamic market environment.

Suzlon also reported an order book of 5.1 GW, an all-time high, including India’s largest wind energy project secured from NTPC.

Leadership Insights and Strategic Vision

Girish Tanti, Vice Chairman of Suzlon Group, shared insights into the company’s strategy and growth plans, emphasizing that Suzlon’s core business is well-prepared to capitalize on rising market demand. Tanti commented, “With a fortified leadership team, stabilized new product offerings, and ramped-up manufacturing capacity, Suzlon is ideally positioned to seize new opportunities in the evolving renewable energy sector. We have even engaged a leading global management consulting firm to crystalize our strategy for maximum impact.”

Long-Term Growth Prospects

JP Chalasani, CEO of Suzlon Group, expressed optimism about the company’s future trajectory, focusing on sustainable growth and robust partnerships. He highlighted the importance of innovation and strategic partnerships with top-tier clients, like Jindal and NTPC, as instrumental in solidifying Suzlon’s market presence. “Our record-high order book and dedicated customer partnerships showcase the strength of our approach. As India’s renewable journey progresses, Suzlon is well-poised to lead this transformation,” Chalasani stated.

Stock Performance and Market Reaction

On October 28, 2024, Suzlon’s stock closed 5% higher at ₹70.99 on the BSE, reflecting strong investor confidence in the company’s growth potential and strategic moves.

Conclusion

Suzlon Energy’s Q2 FY25 results underscore a transformative period for the company, marked by unprecedented order wins and strong financial growth. While short-term challenges like a slight decline in EBITDA margin exist, the company’s focus on innovation, strategic partnerships, and a fortified leadership team point to sustained growth in the years ahead. Suzlon is positioning itself as a frontrunner in India’s renewable energy journey, delivering future-ready, sustainable solutions.

FAQs:

1.What was Suzlon Energy’s profit growth in Q2 FY25?

A. Suzlon reported a 96% YoY profit jump, reaching ₹201 crore.

2.How much did Suzlon’s revenue grow YoY in Q2 FY25?

A. Revenue rose by 48% YoY, totaling ₹2,093 crore.

3.What was Suzlon’s EBITDA for Q2 FY25?

A. Suzlon’s EBITDA reached ₹294 crore, marking a 31% increase YoY.

4.Why did Suzlon’s EBITDA margin decline?

A. The EBITDA margin declined to 14.1% from 15.9% last year, due to dynamic market conditions.

5.What is Suzlon’s order book status?

A. Suzlon’s order book is at an all-time high of 5.1 GW, including a major order from NTPC.

6.How did Suzlon’s stock react to the Q2 FY25 results?

A. Suzlon’s stock closed 5% higher on October 28, 2024, at ₹70.99 on the BSE.

7.Who are some of Suzlon’s key clients?

A. Notable clients include NTPC and Jindal, highlighting strategic partnerships in India’s energy sector.

8.What is Suzlon’s long-term growth strategy?

A. Suzlon focuses on sustainable growth, innovation, and expanding its project execution capacity for long-term success.

9.How has Suzlon enhanced its project capabilities?

A. Suzlon has ramped up its manufacturing and project execution capacity, supported by a strong leadership team.

10.What does Suzlon’s future look like in the renewable sector?

A. Suzlon is well-positioned to lead India’s renewable transformation, backed by a dynamic order book and strategic industry collaborations.

Suzlon Energy Q2 FY25 results

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