Suzlon Energy's Q3FY24 report reveals a staggering ₹203 Cr net profit. Exceptional growth across all sectors propels India's renewable giant.
Q3 FY24 highlights include ₹1,553 Cr revenue, ₹248 Cr EBITDA with a 15.9% margin. Suzlon boasts a robust net cash position of ₹719 Cr, a turnaround from ₹1,180 Cr net debt in FY23.
Suzlon's PAT for 9M FY24 jumps to ₹433 Cr, a remarkable 4.4 times YoY growth. Substantial decrease in quarterly net finance costs by ~94%. EBITDA spikes on a stronger margin.
Suzlon attributes Q3 success to a robust balance sheet, solid WTG Division performance, and a stable OMS India Division. Foundry & Forging Division poised to capitalize on rising wind power demand.
Top management emphasizes strategic alignment, robust order inflow, and operational efficiency. Focus on service excellence and growth alignment with Renewable Energy sector demands.