Q3 FY25 Results: Suzlon’s Profit Rises 91% YoY To Rs. 388 Crore

Wind energy company Suzlon Group announced its third-quarter results for the financial year 2024-25 (Q3 FY25), ending on December 31, 2024, reporting a 91% increase in revenue to ₹2,969 crore. The company also recorded a 102% rise in EBITDA, reaching ₹500 crore. Its profit after tax (PAT) grew by 91% to ₹388 crore. Additionally, Suzlon reported a 163% increase in deliveries, achieving 447 MW during the quarter.

Girish Tanti, Vice Chairman, of 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.” JP Chalasani, Chief Executive Officer, of 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, of 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.”

Product Innovation

Suzlon financial results also saw that its S144 turbine continues to dominate the Indian wind market and has received a strong customer response. It currently accounts for 92% (~5 GW) of its overall order book. They also achieved a key milestone in delivering the 300th S144 wind turbine in this quarter.

Wind Turbine Generator (WTG) Manufacturing

The firm has revamped its Daman and Puducherry Nacelle manufacturing facilities to reach 4.5 GW annual capacity. Two additional production lines are being added at Ratlam and Jaisalmer facilities to scale operations .