Suzlon reported its earnings for the quarter ended September on Monday evening

What Happened: The wind energy major’s net profit for the quarter under review stood at ₹200.2 crore, a 97% jump from the ₹102 crore posted in the same quarter last year.

The company's revenue from operations has jumped 48% year-on-year, to ₹2093 crore, compared to the ₹1,417 crore posted in the corresponding quarter of the previous year. The company has a net cash position of ₹1,277 crores as of September 30, 2024

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EBITDA for the September quarter was ₹294 crore, showing an improvement from ₹225 crore in the same quarter last year, but a decline from ₹370 crore in the June quarter. The EBITDA margin in the September quarter was 14.1%, down from 15.8% in the same quarter last year and from 18.4% in the June quarter.

The company’s order book is at an all‐time high of 5.1 gigawatts including India's largest wind order from NTPC. At the end of September, the order was at 4.7 gigawatts.

The net volumes for the September quarter stood at 256 megawatts, almost double compared to the 132 megawatts recorded in the same quarter last year.

Price Action: Suzlon’s share price was up 5% to close at ₹70.84 on Monday.

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