Suzlon Energy has delivered another strong quarter! In its Q2 FY2025 results, the company reported impressive year-on-year growth in both revenue and profit. Backed by rising orders and better operational efficiency, Suzlon continues to strengthen its position in India’s fast-growing wind energy market and move confidently toward sustained growth.
Key Financial Highlights
| Metric | Q2 FY25 | Q2 FY24 | YoY Growth |
|---|---|---|---|
| Revenue | ₹2,121 crore | ₹1,429 crore | +48.4% |
| Net Profit | ₹201 crore | ₹102 crore | +96.9% |
| EBITDA | ₹294 crore | ₹175 crore | +68.0% |
| EPS | ₹0.15 | ₹0.08 | +87.5% |
Suzlon Energy’s total income rose to ₹2,121 crore, driven by a surge in wind turbine installations and increased service revenues. Net profit nearly doubled to ₹201 crore, underscoring the company’s operational turnaround and improved execution capability.
Management Commentary
Suzlon’s management highlighted that the quarter’s performance reflects a “robust demand environment and strong execution capabilities,” backed by its sustainable cost structure and efficient working capital cycle.
Chairman Tulsi Tanti (posthumous legacy continued by company leadership) emphasized Suzlon’s “focus on scaling up domestic manufacturing and meeting India’s renewable energy targets,” adding that the company’s strong order book ensures visibility for upcoming quarters.
Segment Performance
- Wind Turbine Generator (WTG) Segment:
- Contributed around 70% of total revenue, supported by healthy order execution and rising installations across India.
- Segment revenue growth was driven by higher capacity additions and strong EPC activity.
- Operation & Maintenance Services (O&M):
- Accounted for 26% of revenue, showing steady, recurring income from long-term service contracts.
- Foundry & Forging:
- Represented about 3% of revenue, contributing to internal component manufacturing and cost optimization.
Geographical Insights
India continues to be Suzlon’s core market, contributing the majority of revenue. The company also maintains a growing international presence, particularly in North America (around 20%) and selective emerging markets in Europe and Asia.
Market Reaction
Following the Q2 FY2025 results, Suzlon Energy’s stock traded higher on the NSE, reflecting investor optimism about its earnings recovery and strong renewable project pipeline. The stock has been among the top performers in the energy sector, supported by improving financials and a clean balance sheet after debt reduction.
Peer Comparison
Suzlon’s strong profit growth stands out compared to other renewable energy peers such as Inox Wind and ReNew Power, which reported moderate gains. While peers focused on hybrid or solar integration, Suzlon’s core strength in wind turbine manufacturing and maintenance services provided a significant competitive edge.
Future Outlook
Looking ahead, Suzlon is expected to post continued growth in FY2026, supported by a 5.1 GW order book and strong demand for wind capacity additions under India’s renewable energy mission. Analysts project revenue to reach ₹2,900–3,000 crore in Q2 FY2026, with profit expected to remain above ₹250 crore despite short-term margin pressures caused by weather-related execution delays.
The company is also focusing on domestic manufacturing expansion, cost efficiency, and global diversification to strengthen its position in the global wind energy market.
FAQs
What was Suzlon Energy’s net profit in Q2 FY2025?
Suzlon Energy reported a net profit of ₹201 crore, almost double compared to ₹102 crore in the same period last year.
Did Suzlon Energy beat market expectations?
Yes, the results exceeded expectations, with both revenue and profit growth surpassing analyst estimates amid strong order execution.
How did Suzlon’s margins perform?
EBITDA margins improved to 14.1% in Q2 FY2025 from around 12% in Q2 FY2024, driven by operational efficiency and cost control.
Conclusion
Suzlon Energy’s Q2 FY2025 results mark a significant milestone in its turnaround journey, showcasing robust revenue growth, higher profitability, and strong project execution. With a healthy order book, expanding service revenue, and focus on India’s clean energy transition, Suzlon remains well-positioned for sustained growth in the renewable energy sector.
Sources: Suzlon Energy Investor Presentation
