Suzlon Energy Q4 Results: Profit jumps past the ₹1,000 crore mark, margins expand

Shares of Suzlon Energy Ltd. reported results for the January-March quarter after market hours on Thursday. The stock had ended with losses ahead of the results announcement.

Suzlon Energy's net sales for the March quarter increased by 73.2% from the same quarter last year to ₹3,773.5 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) nearly doubled from last year, rising 99% to ₹677 crore from ₹340 crore last year.

EBITDA margin for the company increased by over 200 basis points to 17.94% from 15.62% in the year-ago quarter.

At the end of the March quarter, Suzlon's volumes stood at 573 MW, compared to 273 MW compared to the same quarter last year and 447 MW during the December quarter.

For the full financial year, deliveries for Suzlon stood at 1.55 GW, which is a growth of 118% compared to financial year 2024.

The company mentioned that it has added 10 new production lines for its S144-3X MW series and also completed expansion at its Daman and Puducherry facilities. "We will continue to invest in building a strong local manufacturing and supply chain ecosystem to support India's wind energy ambitions," the company said in a statement.

Last month, Suzlon Energy had announced that it has extended its partnership with NTPC Green Energy, which is the largest-ever partnership that the company has had with any enterprise. The 378 MW order win from NTPC Green took Suzlon's total orders with the PSU to 1,544 MW. '

In September last year, Suzlon Energy had received its largest wind energy order of 1,166 MW from NTPC Green Energy.

Brokerage firm Nuvama had written after its quarterly results that Suzlon will remain a key beneficiary of the rising mix of RTC and Hybrid in government tenders.

Brokerage firm Motilal Oswal has reiterated its 'Buy' rating on Suzlon Energy, with a price target of ₹75 per share on May 14, which implied a potential upside of 30% from those levels.

Out of the eight analysts that have coverage on Suzlon Energy, six of them have a "buy" rating, while two of them have a "hold" rating. No analyst has a "sell" rating on the stock.

Shares of Suzlon Energy gave up early gains to end 1.3% lower at ₹65.44, ahead of the results announcement.