Earnings before interest, tax, depreciation and amortisation (EBITDA) was reported at Rs 3.7 billion in Q1FY25, up from Rs 1.99 billion recorded by the renewable energy company in Q1FY24. EBITDA growth stood at 86 per cent. Meanwhile, EBITDA margin for the reported quarter rose to 18.4 per cent from 14.8 per cent in the same period last year.
Among the key milestones the company achieved in the April-June quarter were first-quarter deliveries of 274 MW, its highest in the last seven years, and its highest quarterly EBITDA in the last seven years, the company’s report claimed. The company also reported an order backlog of 3.8 GW, the highest since its inception (29 years).
Suzlon’s net cash balance was Rs 1,197 crore as of June 30, 2024.
Commenting on the results, Suzlon Group Vice Chairman Girish Tanti said the company has been performing consistently over the past few quarters, outperforming expectations across all performance metrics. “This is a good sign of our readiness to cater to industry demand and leverage tailwinds in the sector. Our record order backlog of 3.8 GW gives us great visibility into the future. With significant deliveries of our flagship product series, 3.x MW S144, in Q1FY25, we are in a strong position to meet our current order backlog,” he added. Suzlon Group is one of the leading global renewable energy solutions providers with an installed wind capacity of 20.8 GW across 17 countries. Headquartered in Pune, Suzlon Energy is a vertically integrated organization with in-house research and development (R&D) centres in Germany, Netherlands, Denmark and India. (Disclaimer: Any recommendations, suggestions, views and opinions expressed by the experts are their own. They do not necessarily represent the views of The Economic Times)
