Here’s a comprehensive snapshot of Suzlon Energy Limited, based on recent performance and latest
data:
🏢 Company Overview
Suzlon Energy, founded in 1995 and headquartered in Pune, is India’s foremost wind turbine
manufacturer and renewable energy solutions provider. Operating globally across 17 countries, the
group has installed over 21 GW of wind energy capacity, with more than 15 GW in India alone across
111+ wind farms (suzlon.com, suzlon.com, Wikipedia). Its flagship turbine model, the S144, tailored
for Indian conditions, has been a key driver of its market leadership (suzlon.com,
stockdatamine.com).
📊 FY25 Financial Highlights (Year ended March 31, 2025)
🔹 Full-Year Results
Revenue: ₹ 10,851 crore, up 67% YoY
EBITDA: ₹ 1,857 crore, up 81%; margin expanded to around 17.1% from 15.8%
Profit Before Tax (PBT): ₹ 1,447 crore
Net Profit (PAT): ₹ 2,072 crore (includes ₹ 638 crore deferred tax benefit), up ~213–190% YoY
Deliveries: 1,550 MW (118% growth), mostly S144 turbines
Order Book: ~5.6 GW, a record high
Net Cash Position: ₹ 1,943 crore; Net Worth: ₹ 6,106 crore (stockdatamine.com,
MarketScreener, suzlon.com, suzlon.com).
🔹 Q4 FY25 (Jan–Mar 2025)
Revenue: ₹ 3,773 crore (+73% YoY)
EBITDA: ₹ 693 crore (margin ~18.3%, ~+200 bps YoY)
Net Profit: ₹ 1,182 crore, up ~365%, boosted by deferred tax gains of ~₹ 600 crore .
🔹 Q3 FY25 (Oct–Dec 2024)
Deliveries: 447 MW
Revenue: ~₹ 2,969 crore, up 94% YoY
EBITDA: ₹ 500 crore, Net Profit: ₹ 388 crore
Margin: EBITDA ~16.8%, Net ~13.1%
Order Book: ~5.5 GW, ~80% from C&I & PSU customers
Manufacturing Capacity: scaled to 4.5 GW .
🚀 Strategic Strengths & Growth Drivers
🌱 Product & Technology
The S144 series, India-designed and locally manufactured, dominates with over 5 GW
orders, constituting ~91% of the order book. Widely adopted for its low cost and adaptability
across wind regimes .
Integrated Business Model
Vertically integrated—from turbine design and manufacturing to after-sales Operation &
Maintenance Services (OMS)—enables control, quality, and margin improvement. The
company strengthened its OMS business by acquiring a 51% stake in Renom Energy Services .
💵 Financial Health
Debt has been dramatically reduced over recent years (e.g., from ₹13,000 cr in 2019 to
around ₹1,200 cr by FY24), improving interest coverage and flexibility .
📦 Market Position & Execution
Approximately 30–31% market share in India’s wind turbine market
A robust order book supported by strong execution capabilities and Indian supply-chain edge
under “Make in India” framework .
📉 Stock Performance & Analyst Views
The stock surged ~27% in May 2025 following its strong FY25 earnings, hitting a 10-year high.
Despite this, it had corrected ~16% in