Suzlon Q4 results: Profit rises multi-fold to ₹1,180.98 cr, revenue up 73%
.webp)
Suzlon Energy’s net profit surged multi-fold to ₹1,180.98 crore in the fourth quarter of the financial year 2024-25, compared to ₹254.12 crore in the same period of the previous fiscal year.
Revenue from operations rose 73 per cent year on year (YoY) to ₹3,773.54 crore in Q4 FY25, up from ₹2,179.20 crore reported in the corresponding quarter last year.
The wind turbine manufacturer’s total income also grew 73 per cent YoY to ₹3,825 crore during the quarter under review, compared with ₹2,207 crore in Q4 FY24.
"FY25’s performance sets the stage for Suzlon’s next phase of strategic evolution and market leadership," Girish Tanti, vice chairman, Suzlon Group, said in a statement. "Achieving our highest profitability in a decade, strong cash reserves, and a record order book are the direct outcomes of our disciplined business transformation and sharp operational focus. India has also crossed a significant milestone by surpassing 50 GW of installed wind power capacity, India will most certainly shape the global narrative on clean energy leadership and climate action.”
However, the company’s expenses also increased 69 per cent YoY to ₹3,273 crore in Q4FY25, up from ₹1,927 crore in the same quarter a year earlier.
For the full fiscal year 2024-25, Suzlon’s net profit soared 213.7 per cent YoY to ₹2,071.63 crore, significantly higher than the ₹660 crore recorded in FY24.
Revenue from the wind turbine generator segment rose 34.6 per cent YoY to ₹3,141.74 crore in Q4 FY25, compared with ₹2,335 crore in the corresponding quarter last year.
Revenue from the foundry and forging segment increased 14.9 per cent YoY to ₹168.01 crore in Q4 FY25, up from ₹146.22 crore in the same quarter of the previous fiscal year.
Additionally, the wind turbine generator segment’s total revenue surged 87.6 per cent YoY to ₹7,449 crore in FY25, up from ₹3,971 crore in the previous financial year.
Other Latest News
.webp)
FMCG giant Procter & Gamble plans to cut 7,000 jobs from its global office workforce — roughly 15 per cent of its non-manufacturing employees — over the next two years, according to a report by the Wall Street Journal.
The maker of Tide detergent, Pampers diapers, and Bounty paper towels employed around 108,000 people as of June last year.
.webp)
Pakistan Prime Minister Shehbaz Sharif and Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari praised US President Donald Trump at separate events on Wednesday, i.e., June 4, for his role in what the duo described as "de-escalating the tension" during recent conflicts with India, reported PTI.
.webp)
Royal Challengers Bengaluru (RCB) on Thursday pledged ₹10 lakh each to the families of the 11 people who died during a stampede outside Bengaluru’s M Chinnaswamy Stadium during a victory parade celebrating the team's IPL title win.
"The unfortunate incident in Bengaluru yesterday has caused a lot of anguish and pain to the RCB family. As a mark of respect and a gesture of solidarity, RCB has announced a financial support of ₹10 lakh to each of the eleven families of the deceased," the franchise said in a post on X.
.webp)
Apple has brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market, signalling the Indian conglomerate's deepening role in the US tech giant's supply chain, two people familiar with the matter said.
As Apple looks beyond China for manufacturing, Tata has fast emerged as its key supplier and already assembles iPhones for local and foreign markets at three facilities in south India, with one of them also making some iPhone components.
.webp)
Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source.
This is the first time the Reserve Bank of India has granted a large e-commerce player in India a non-bank finance company (NBFC) licence, allowing it to lend but not take deposits.
.webp)
.webp)
.webp)
.webp)
.webp)
