New Delhi: Suzlon Energy has posted an impressive 91 percent increase in its consolidated net profit for the quarter ending December 31, 2024. The company reported a net profit of Rs 388 crore, a significant rise from Rs 203 crore in the same period last year. Suzlon’s net revenue for the quarter rose sharply to Rs 2,969 crore, compared to Rs 1,553 crore in the same period of 2023, reflecting the company's strong financial performance.
The company also achieved a milestone in its operations, delivering a record 447 MW in the October-December 2024 period. Suzlon's manufacturing capacity has now reached 4.5 GW, following the revamp of its Puducherry and Daman Nacelle facilities.
Suzlon has reported its largest-ever order book, now totaling 5.5 GW. Commercial & Industrial (C&I) and Public Sector Undertaking (PSU) customers now account for 80 percent of the total order book, highlighting a shift towards these segments as a key driver of growth.
Girish Tanti, Vice Chairman of Suzlon Group, emphasised the company’s strategic focus on C&I and PSU sectors. “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,” Tanti said. This focus is positioning Suzlon as a trusted partner for businesses striving to meet their green energy objectives.
Himanshu Mody, Suzlon’s Chief Financial Officer, highlighted that the company’s robust performance in Q3 FY25 was the result of a focused execution strategy. Mody noted that the growth in profit was driven by higher volumes, improved margins, and enhanced operational efficiency.