One of the renewable energy stocks engaged in the manufacturing of wind turbines and providing renewable energy solutions. The company has installed approximately 20.9 GW of wind energy capacity across 17 countries and is recognized as India’s leading wind energy service provider. The stock is in focus after reporting strong December quarterly results. The company’s revenue increased by 91.18 percent YOY and net profit increased by 90.98 percent YOY.
Stock Price Movement
In Tuesday’s trading session, Suzlon Energy Limited’s share jumped to an intraday high of 2.71 percent from the previous close of Rs. 50.19. The stock opened at Rs. 50.51 and closed at Rs. 50.25, with a high of Rs. 51.55 and a low of Rs. 47.76. The market capitalization now stands at approximately Rs. 68,579.08 crore. The stock can react positively or negatively if the company’s Q3 FY25 results beat the industry estimates.
Q3 FY25 Result Walkthrough
Coming into the quarterly results of Suzlon Energy Limited, the company’s consolidated revenue from operations increased by 91.18 percent YOY, from Rs. 1,552.91 crore in Q3 FY24 to Rs. 2,968.81 crore in Q3 FY25, and grew by 41.85 percent QoQ from Rs. 2,092.99 crore in Q2 FY25.
The company has earned revenue from wind turbine generators by 74.26 percent (Rs. 2335.65 crores), foundry and forging by 4.77 percent (Rs. 146.22 crores), operation and maintenance service by 18.95 percent (Rs. 580.48 crores), and other operating income by 0.30 percent (Rs. 0.80 crores) in Q3 FY25
In Q3 FY25, Suzlon Energy Limited’s consolidated net profit increased by 90.98 percent YOY, reaching Rs. 387.76 crore compared to Rs. 203.04 crore during the same period last year. As compared to Q2 FY25, the net profit has increased by 93.30 percent, from Rs. 200.60 crore.
The basic earnings per share increased by 86.67 percent and stood at Rs 0.28 as against Rs 0.15 recorded in the same quarter in the previous year 2024.
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Order book
Suzlon Energy registers growth in its Wind Order Book, showing a consistent upward trajectory from December 2023 to January 2025. The order book has more than doubled from 2,290 MW to 5,521 MW, representing a significant 241 percent increase. Recent developments include securing a substantial 486 MW order from Torrent Power.
Project Portfolio
The company’s portfolio shows a strategic balance across different segments. In the WTG (Wind Turbine Generator) model mix, the S144 model dominates with a 92 percent share, while the S120 accounts for 8 percent.
The project segment distribution shows a balanced approach with 58 percent in retail, while PSU and central & state auctions each hold 21 percent. Geographically, Gujarat leads the state mix with 31 percent, followed by Karnataka at 26 percent, indicating strong regional diversification.
Client Base
Suzlon Energy boasts an impressive global clientele that includes BlackRock, Adani Renewables, and TATA, alongside prominent renewable energy players such as EDF Renewables, ENEL, and ReNew Power. The company also serves key public sector enterprises like NTPC and ONGC, demonstrating their strong presence in both private and government sectors of the energy industry.
Company Overview:
Suzlon Energy stands as a strong player in the wind energy sector with 20.9 GW of global installed capacity and a commanding 31 percent cumulative market share in India. The company’s strength lies in its robust workforce of over 7,800 employees globally and its proprietary WTG technology backed by in-house R&D capabilities.
Written By – Nikhil Naik
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