Numbers that matter
Suzlon’s consolidated revenue for the quarter rose to ₹3,870 crore from ₹2,103 crore a year earlier. EBITDA surged to ₹720 crore roughly 2.5 times the ₹293.4 crore reported in the same quarter last year taking the EBITDA margin to 18.6% (up 460 basis points YoY).
Net profit of ₹1,278 crore includes the exceptional tax write-back of ₹718 crore. Even excluding that, profit performance shows meaningful improvement driven by higher turbine deliveries and better margins in project execution.
Business mix and deliveries
The core wind turbine generator (WTG) business recorded revenues of ₹3,241 crore, up sharply from ₹1,507 crore last year. Deliveries for the quarter stood at 565 MW the highest quarterly dispatch in the company’s history reflecting improved supply chain and execution capability.
Other segments showed mixed trends. The Foundry & Forgings division clocked ₹121 crore in revenue (versus ₹83 crore YoY), while Operations & Maintenance remained steady at ₹575 crore (₹565 crore a year ago).
Balance sheet & cash
Suzlon ended the September quarter with a net cash position of ₹1,480 crore a notable strength that provides buffer for continued project execution and working capital. Management highlighted the benefit of decoupling project development from execution to accelerate volumes and improve predictability.
Management outlook
Group Vice Chairman Girish Tanti said Suzlon’s strategy will drive execution volumes and backed long-term visibility for wind capacity in India, citing a 400 GW target by 2047. CEO JP Chalasani pointed to market demand, expecting 6 GW of installations this financial year and up to 8 GW next year figures that suit Suzlon’s near-term order pipeline.
Market reaction and implications
Suzlon shares rose on the results day, reflecting investor appetite for higher execution and margin improvement. The big takeaways for investors are the stronger-than-expected margins, healthy deliveries, a larger order book (6.2 GW), and a cleaner net cash position that eases near-term liquidity concerns.
For the broader sector, Suzlon’s delivery cadence and order wins signal improving supply chain conditions and the growing pace of onshore wind deployment in India.
Further reading & sources
For full disclosures and filings, consult Suzlon’s investor relations and official exchange filings on BSE/NSE. Readers may also refer to industry trends and policy context on the Ministry of New & Renewable Energy (MNRE) portal.
