Suzlon Energy announced on Thursday that its combined net profit rose by 365 per cent to Rs 1,181 crore in the March quarter. This was primarily due to a one-time gain. There was a deferred tax gain of Rs 600 crore that added to the green energy solutions provider’s net profit. A filing with the NSE said that the company had a combined net profit of Rs 254 crore during the same time last year. The combined net profit also increased from Rs 660 crore in the previous year to Rs 2,072 crore in 2024-25.
Total operational income for the company rose by 73.2 per cent to Rs 3,773.5 crore in the March quarter of FY25, up from Rs 2,179.2 crore in the same quarter the previous year.
EBITDA, which stands for earnings before interest, taxes, depreciation, and amortisation, went up by 99 per cent to Rs 677 crore from Rs 340.4 crore the previous year. The profit also increased from 15.62% to 17.94% year over year (YoY).
From Rs 2,207.43 crore a year ago to Rs 3,825.19 crore in the quarter, it made more money.
“Suzlon’s next phase of strategic evolution and market leadership will begin with how well it did in FY25.” “Our disciplined business transformation and sharp operational focus have caused us to achieve our highest profitability in a decade, as well as strong cash reserves and a record order book,” said Girish Tanti, Vice Chairman of the Suzlon Group.
It stated that in FY25, the company delivered a record 1.55 GW, representing a 118% year-over-year growth.
Suzlon Energy shares ended the day lower on the NSE at Rs 65.44 each, representing a 1.33 per cent decline from the previous day’s trade.