Suzlon Energy Soars: Q1 Results Show Robust Growth and Record Order Book
Suzlon Energy posted impressive Q1 results with a 55% YoY revenue increase to ₹3,117.00 crores. EBITDA grew 62% to ₹599.00 crores, and PBT rose 52% to ₹459.00 crores. The company achieved record Q1 deliveries of 444 MW and secured 1 GW of new orders. Suzlon's S144 wind turbine model has become dominant in the Indian market. The company maintains a strong net cash position of ₹1,620.00 crores. CFO Himanshu Mody will step down on August 31, with a new appointment in advanced stages.

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Suzlon Energy , India's leading wind energy solutions provider, has reported impressive financial results for the first quarter, demonstrating strong growth across key metrics and solidifying its position in the renewable energy sector.
Financial Highlights
Suzlon Energy posted a remarkable 55% year-on-year increase in revenue, reaching ₹3,117.00 crores for Q1. The company's EBITDA surged by 62% to ₹599.00 crores, reflecting improved operational efficiency and cost management. Profit before tax (PBT) also saw a substantial rise of 52%, amounting to ₹459.00 crores.
Record-Breaking Performance
The quarter witnessed Suzlon achieving its highest-ever Q1 deliveries of 444 MW, showcasing the company's enhanced execution capabilities. This performance contributed to a consistent growth in the order book over the last ten quarters, culminating in an industry-leading firm order book of 5.7 GW.
Strong Order Inflow and Diversified Portfolio
Suzlon received 1 GW of new orders during the quarter, with 75% coming from Commercial & Industrial (C&I) and Public Sector Undertaking (PSU) customers. This diverse customer base demonstrates the growing demand for renewable energy solutions across various sectors.
Technological Leadership
The company's S144 wind turbine model has emerged as the dominant product for the Indian market, with over 1.6 GW of deliveries and 5 GW of firm orders. This success underscores Suzlon's technological prowess and its ability to meet the specific needs of the Indian wind energy sector.
Robust Financial Position
As of June 30, Suzlon maintained a strong net cash position of ₹1,620.00 crores. This financial stability, coupled with five-notch rating upgrades over the past two years, has significantly improved the company's financial flexibility and opened up new avenues for working capital.
Market Outlook and Industry Trends
Girish Tanti, Vice Chairman of Suzlon Group, highlighted the structural shift in the energy sector, emphasizing the increasing importance of wind-dominant Firm Dispatchable Renewable Energy (FDRE) and Round-The-Clock (RTC) solutions. He noted the rising demand from C&I and PSU customers, reflecting trust in Suzlon's technology leadership and execution capabilities.
JP Chalasani, Chief Executive Officer, pointed out that India's renewable energy growth is being driven by large PSU-led auctions, signaling strong market momentum. He also emphasized Suzlon's alignment with the Ministry of New and Renewable Energy's revised Approved List of Models and Manufacturers (ALMM) guidelines for wind energy, positioning the company to lead in India's clean energy future.
Management Changes
The company announced that Himanshu Mody, Group Chief Financial Officer, will be stepping down from his role effective August 31. Suzlon acknowledged Mr. Mody's contributions over the past four years and stated that they are in the advanced stages of appointing a new CFO.
Conclusion
Suzlon Energy's Q1 results demonstrate the company's strong growth trajectory and its pivotal role in India's renewable energy landscape. With a record order book, improved financial performance, and alignment with national energy policies, Suzlon is well-positioned to capitalize on the increasing demand for wind energy solutions and contribute significantly to India's clean energy goals.
Key Metrics (₹ Crores) | Q1 | Q1 Previous Year | YoY Growth |
---|---|---|---|
Revenue | 3,117.00 | 2,016.00 | 55% |
EBITDA | 599.00 | 370.00 | 62% |
Profit Before Tax | 459.00 | 302.00 | 52% |
Net Profit After Tax | 324.00 | 302.00 | 7% |
Deliveries (MW) | 444.00 | 274.00 | 62% |
As Suzlon continues to innovate and expand its operations, the company remains at the forefront of India's transition to sustainable energy, driving growth in the wind power sector and contributing to the nation's renewable energy targets.
Historical Stock Returns for Suzlon Energy
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-3.36% | -6.51% | -6.77% | +14.36% | -24.48% | +1,604.19% |