Suzlon Group, India’s largest renewable energy solutions provider, reported its third-quarter results for the financial year 2024-25 (Q3 FY25) ending on 31st December 2024.
3 FY25 Highlights:
• Record quarterly deliveries of 447 MW, 9-month deliveries to 977 MW
• Revenue Growth at 42% (vs. Q2 FY25), 94% (vs. Q3 FY24)
• EBITDA hits ₹ 500 crores, with PAT at ₹ 388 crores
• EBITDA Margin at 16.8% and Net Profit Margin at 13.1%, reflecting improved profitability
• Consistent PAT Growth 93% (vs. Q2 FY25), 91% (vs. Q3 FY24)
• Manufacturing capacity reached 4.5 GW, with revamped Puducherry and Daman Nacelle facilities
• Highest-ever order book at 5.5 GW, C&I and PSU now constitute ~80% of the total order book
Girish Tanti, Vice Chairman, Suzlon Group, said, “We are building a future-ready business by fortifying our core strategic pillars: cultivating strategic talent, leveraging next-generation technology, amplifying customer-centricity, and expanding operational capacity. Our sustained focus on these priorities drives consistent growth, performance, and long-term profitability. 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. 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.”
JP Chalasani, Chief Executive Officer, Suzlon Group, said, “We are experiencing consistent quarter-on-quarter growth, with each of our businesses operating as strong, independent entities driving performance. Our manufacturing capacity expansion in India is progressing as planned to fulfill our record-high order book of 5.5 GW. With our ramp-up strategy on track and operational preparedness at optimal levels, we can sustain momentum, create long-term value for our stakeholders, and play a pivotal role in advancing India’s renewable energy ambitions.”
Himanshu Mody, Chief Financial Officer, Suzlon Group, said, “Our focus in Q3 FY25 was execution, which is visible in our financial performance, marked by significant profit growth driven by volume and margin expansion and enhanced operating leverage. Strong stakeholder support has been instrumental in accelerating our ramp-up efforts. With a robust order book, market-leading products, ample working capital, and a well-established supply chain, we are strategically aligned to seize emerging opportunities and further strengthen our market leadership.”
