Suzlon Energy Q2 Results: A Comprehensive Analysis
Suzlon Energy Ltd.’s consolidated net profit went up six-fold in the second quarter of the current financial year, driven by a tax write-back of Rs 718 crore. The renewable energy firm posted a net profit of Rs 1,279 crore in the September quarter as compared to Rs 200.20 crore in the year-ago period, according to an exchange filing on Tuesday.
Key Highlights of Suzlon Energy’s Q2 Results
- The company’s revenue rose 84.1% to Rs 3,872 crore as against Rs 2,103 crore in the same quarter last year.
- Earnings before interest, tax, depreciation and amortisation (EBITDA) went up to Rs 728 crore from Rs 292 crore, while margin stood at 18.8% as against 13.9% in the year-ago period.
- Net Profit at Rs 1,279 crore versus Rs 200 crore.
- Revenue up 84.1% at Rs 3,872 crore versus Rs 2,103 crore.
- EBITDA at Rs 728 crore versus Rs 292 crore.
- Margin at 18.8% versus 13.9%.
Order Book and Delivery Performance
The company reported its highest-ever second quarter India deliveries of 565 MW, with the Wind Turbine Generator (WTG) business continuing its robust growth through strong operating leverage. The order book crossed 6 GW, with over 2 GW of additions in the first half of this financial year, taking it to 6.2 GW.
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Management Commentary and Outlook
"We’ve been entrusted with a record 6.2 GW orderbook by our customers. Our strategy of decoupling project development and project execution will drive execution volumes significantly. With long-term visibility of 400 GW wind capacity by 2047, I’m confident we’ll continue leading the market," said Girish Tanti, Vice Chairman, Suzlon Group.
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Stock Price Movement and Valuations
Shares of Suzlon Energy rose as much as 2.55% higher at Rs 60.75 apiece on the NSE. It pared gains to trade 1.87% higher at Rs 60.35 compared to a 0.40% fall in the benchmark Nifty as of 11:32 a.m. The stock has fallen 11.98% in the last 12 months and 3.28% on a year-to-date basis.
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Conclusion
In conclusion, Suzlon Energy’s Q2 results reflect the company’s strong growth momentum and its position as a leader in the renewable energy sector in India. With a robust order book and a strong delivery performance, the company is well-positioned to capitalize on the growing demand for renewable energy in the country.
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