Suzlon Energy Q4 FY25 Results: PAT Zooms Fourfold to Rs 1,181 Cr on Deferred Tax Gain

Suzlon Energy reported strong Q4 FY25 results today, with Profit After Tax (PAT) soaring to Rs 1,181 crore—a more than fourfold jump (365% year-on-year) from Rs 254 crore in Q4 FY24. This sharp rise in PAT was driven by robust operational performance, and the renewable energy solutions provider’s net profit was further boosted by a deferred tax gain of Rs 600 crore.

Net revenue for the quarter rose 73% year-on-year to Rs 3,774 crore, compared to Rs 2,179 crore in the same quarter last year. The revenue growth was supported by a significant increase in project execution volumes, which surged to 573 MW from 273 MW a year ago.

EBITDA for Q4 FY25 nearly doubled to Rs 693 crore, up from Rs 357 crore in Q4 FY24. The EBITDA margin improved to 18.4% from 16.4%, reflecting enhanced cost efficiencies.

Profit before exceptional items and tax rose to Rs 551 crore, registering a 97% increase from Rs 280 crore in the year-ago quarter.

During the quarter, net finance cost increased slightly to Rs 49 crore from Rs 33 crore, reflecting higher borrowings or working capital utilisation.

Ahead of the results, shares of the company settled 1.33% lower at Rs 65.44 per share on the NSE.

For the full financial year 2024-25 (FY25), Suzlon reported its highest annual performance in the last 10 years, with profit before exceptional items and tax reaching Rs 1,447 crore, marking a 103% increase from Rs 713 crore in FY24. Profit after tax stood at Rs 2,072 crore, significantly boosted by the recognition of a Rs 638 crore deferred tax asset.

Deliveries more than doubled, rising 118% to 1,550 MW compared to 710 MW in FY24. Revenue for the year surged 67% to Rs 10,851 crore, up from Rs 6,497 crore in the previous fiscal. EBITDA also saw a robust increase of 81%, reaching Rs 1,857 crore from Rs 1,029 crore, reflecting improved operational efficiencies.

Suzlon ended FY25 with a net cash position of Rs 1,943 crore and a strong firm order book of 5.6 GW. Its S144 wind turbine model alone surpassed 5 GW in orders, establishing it as a leading product in the Indian wind energy market.

“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 – a journey in which Suzlon has played a leading role,” said Girish Tanti, Vice Chairman, Suzlon Group.