Suzlon Q3 FY25: Strong Profit Growth & Strategic Advancements

Varahi media.com online news, India, January 29th,2025: Suzlon Group, India’s leading renewable energy solutions provider, reported its financial results for the third quarter of FY25, ending on December 31, 2024, with a 91% year-on-year increase in net profit, reaching ₹388 crores.

Girish Tanti, Vice Chairman of Suzlon Group, commented, “We are strengthening our business foundations by focusing on core strategic areas: developing talent, embracing next-generation technology, enhancing customer-centricity, and expanding operational capabilities.

This consistent approach fuels our growth and long-term profitability. A key driver for our success is the increasing demand from Commercial & Industrial (C&I) and Public Sector Undertaking (PSU) customers, who are prioritizing sustainability and renewable energy. Our solutions are helping these organizations achieve their green energy goals.”

JP Chalasani, Chief Executive Officer of Suzlon Group, added, “We are experiencing steady quarter-on-quarter growth, with each business unit performing strongly. Our manufacturing capacity expansion in India is progressing as planned to fulfill our record order book of 5.5 GW.

With our ramp-up strategy on track, we are poised to sustain momentum and create long-term value for stakeholders while contributing to India’s renewable energy transition.”

Himanshu Mody, Chief Financial Officer, stated, “In Q3 FY25, our execution focus led to significant profit growth, driven by volume and margin expansion. Our strong order book, financial position, and efficient supply chain strategically position us to seize emerging opportunities and reinforce our market leadership.”

Suzlon Group Q3 FY25 Results (Consolidated)

Particulars	Q3 FY25	Q3 FY24	Q2 FY25	9M FY25	9M FY24
Net Volumes (MW)	447	170	256	977	437
Net Revenue (₹ Cr)	2,969	1,553	2,093	7,078	4,318
EBITDA (₹ Cr)	500	248	294	1,164	671
EBITDA Margin	16.8%	15.9%	14.0%	16.4%	15.6%
Net Finance Cost (₹ Cr)	42	5	38	102	93
Net Profit After Tax (₹ Cr)	388	203	201	891	406

Product Innovation:

Suzlon’s S144 wind turbine continues to dominate the Indian wind market, accounting for 92% (~5 GW) of the total order book. In Q3 FY25, Suzlon achieved a major milestone by delivering its 300th S144 turbine.

Human Resources:

Suzlon’s innovative partnership model with the government is addressing critical talent gaps in the wind energy sector. This includes a Memorandum of Understanding (MoU) with the Andhra Pradesh Government to launch India’s largest green skill program, aimed at creating 12,000 green careers and supporting India’s sustainable energy transition.

Wind Turbine Generator (WTG) Manufacturing:

Suzlon is expanding its manufacturing capacity to meet increasing demand. The Daman and Puducherry facilities have been revamped, reaching an annual capacity of 4.5 GW. Two new production lines are being added at the Ratlam and Jaisalmer facilities. Suzlon continues to strengthen its order pipeline, securing large orders from key clients such as Jindal Renewables and Torrent.

Operations and Maintenance Services (OMS):

The OMS business remains a major growth driver, consistently outperforming expectations. Suzlon is enhancing field safety and operational efficiency in collaboration with leading consultants, ensuring sustainable growth in the long term.

Awards and Recognition:

CRISIL Ratings upgraded Suzlon’s credit rating to ‘CRISIL A’ with a positive outlook for the second time in 2024, reflecting its strong performance and profitability.
Suzlon won the GEF Global Sustainability Award 2024 for Excellence in Renewable Energy (Power Sector).
Suzlon Global Services Ltd (SGSL) was honored as the Great Indian Renewable Energy Company of the Year at the 3rd Sustainability Conclave.
SGSL received the Gold Award – Green Practices at the 3rd CII-Northern Region Green Practices Award.
Suzlon’s WTG manufacturing business received six prestigious awards at the Frost & Sullivan IMEA Awards, recognizing performance across various units.

With a robust financial performance, expanding manufacturing capacity, and strong recognition in the renewable energy sector, Suzlon is well-positioned to continue its leadership role in India’s green energy future.