Suzlon Power Q1 Outcomes: Cons PAT skyrockets 200% YoY to Rs 302 crore, income jumps 50%
The Earnings Earlier than Curiosity, Taxes, Depreciation and Amortisation (EBITDA) was reported at Rs 370 crore in Q1FY25, which was up from Rs 199 crore posted by the renewable vitality firm in Q1FY24. The rise in EBITDA was 86%. In the meantime EBITDA margin for the reported quarter stood at 18.4% up from 14.8% within the year-ago interval.
Amongst main milestones hit by the corporate within the April-June quarter have been highest Q1 deliveries in 7 years at 274 MW together with highest quarterly EBITDA in 7 years, the corporate submitting claimed. The corporate additionally reported its largest‐ever order guide of three.8 GW since inception (29 years).
The online money place of Suzlon stood at Rs 1,197 crore as of June 30, 2024.
Commenting on the outcomes, Girish Tanti, Vice Chairman, Suzlon Group, mentioned the corporate has been in a position to carry out persistently and has outperformed itself throughout all efficiency parameters for the final a number of quarters. “This can be a good indication of our readiness to fulfill business demand and leverage the tailwinds of the sector. Our largest‐ever order guide of three.8 GW offers us nice visibility for the longer term. With vital deliveries of our flagship product sequence, 3.x MW S144 in Q1 FY25, we’re in a robust place to service our present order guide,” he added.The Suzlon Group is without doubt one of the main renewable vitality options suppliers on this planet with 20.8 GW of wind vitality capability put in throughout 17 international locations. Headquartered in Pune, Suzlon Power is a vertically built-in organisation, with in‐home analysis and improvement (R&D) centres in Germany, the Netherlands, Denmark and India.(Disclaimer: Suggestions, recommendations, views and opinions given by the consultants are their very own. These don’t signify the views of Financial Occasions)
