Suzlon posted its earnings for the quarter ended June late on Monday evening.

What Happened: The wind energy major’s net profit for the quarter came in at ₹302.29 crore, up over 200% from the ₹101 crore posted in the same quarter last year. The company’s revenue from operations stood at ₹2,015 crore, up 49% compared to the ₹1,347 crore posted in the corresponding quarter last year.

JM Financial projected Suzlon's net profit for the quarter at ₹162.2 crore, with sales estimated at ₹1,832.1 crore. Meanwhile, Nuvama projected Suzlon's revenue at ₹2,135.1 crore with a net profit of ₹277.8 crore.

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EBITDA for the quarter came in at ₹370 crore, up over 86% from the ₹199 crore posted in the corresponding quarter of the previous year. This is the highest-ever EBITDA posted by the company in the past seven years. EBITDA margin for the quarter stood at 18.4%. The company’s order grew to 3.8 gigawatts from the 3.3 gigawatts posted at the end of May 2024.

The company has a net cash position of ₹1,197 crore. Gross debt is now down to ₹101 crore. It was at around 110 crore at the end of March 2024.

Price Action: Suzlon’s share price was 0.97% to close at ₹55.08 on Monday.

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