Suzlon Energy shares surged by about 5 percent on January 30, continuing their upward momentum for a third straight day and hitting the upper circuit for the second consecutive day, following the announcement of strong Q3FY25 results. The company’s consolidated net profit and revenue from operations showed remarkable growth, increasing by about 91 percent for the third quarter of the fiscal year. Suzlon Energy reported net sales of Rs 2,974.83 crore for the December quarter, marking a 90.64% increase from Rs 1,560.47 crore a year earlier.
The company’s quarterly net profit also rose significantly to Rs 386.92 crore, up 90.56% from Rs 203.04 crore in the same period the previous year. EBITDA came in at Rs 527.04 crore for Q3FY25, which is a 105.18% year-on-year increase. This impressive performance was bolstered by record quarterly deliveries of 447 MW, largely driven by robust growth in the wind turbine generator segment, where revenue increased to Rs 2,336 crore from Rs 1,004 crore year-over-year.
suzlon’s notable Q3 fiscal growth
Additionally, the foundry and forging segment also saw a notable revenue increase of nearly 65 percent to Rs 146 crore for the quarter. Suzlon Energy’s CEO JP Chalasani highlighted the company’s progress in expanding its domestic manufacturing capacity to meet its record-high order book of 5.5 GW.
The company also reaffirmed its operational readiness and long-term commitment to supporting India’s renewable energy goals. Among the six analysts covering Suzlon Energy, five have issued a ‘Buy’ recommendation. Notably, Nuvama upgraded the stock to ‘Buy’ following the Q3FY25 results, setting a target price of Rs 60 per share.
In an interview with CNBC-TV18, Group CFO Himanshu Mody expressed optimism about the upcoming March quarter, hoping to exceed the 447 MW capacity delivered in Q3FY25.
