Renewable Energy firm Suzlon Energy will announce its fiscal fourth quarter earnings report today, that is, March 29. According to brokerage firms, the company is expected to report strong numbers in terms of revenue, EBITDA and profit growth on a YoY basis. On a sequential basis, Suzlon Energy is expected to record growth in double-digits.
In a regulatory filing on May 22, Suzlon Energy had said, “…this is to inform that a Meeting of the Board of Directors of the Company will be held on Thursday, 29th May 2025 to, inter alia, consider and approve the Financial Results of the Company on Standalone and Consolidated basis for the quarter (unaudited) and financial year ended on 31st March 2025 (audited).”
Further, the company also announced that a conference call for the analysts and investors on the financial results is scheduled to be held today at 5:00 pm.
JM Financial said that Suzlon Energy is expected to post over 50 per cent year-on-year growth in net profit, EBITDA, and revenue. The brokerage firm has given the stock a ‘buy’ rating with a target price of Rs 71. Motilal Oswal, which has recently initiated coverage on Suzlon, has also assigned a ‘buy’ rating, setting a target price of Rs 75. In fact, out of the eight analysts that have coverage on Suzlon Energy, six of them have maintained a ‘buy’ rating while two have a ‘hold’ rating and none have a ‘sell’ rating on the renewable energy stock.
Motilal Oswal said that Suzlon Energy is likely to report a revenue of Rs 3,577.3 crore, up 63 per cent YoY in the March quarter. EBITDA, meanwhile, is seen at Rs 502.6 crore, and net profit is expected to come in at Rs 403.8 crore, up 44 per cent YoY with a margin of 11.3 per cent for the reported period. “Suzlon is projected to report revenue growth. We expect execution of 0.5GW of wind turbine orders in Q4FY25, bringing the total execution for FY25 to 1.4 GW. Suzlon has moved to a net cash position in FY24, which we anticipate to strengthen further by FY27,” Motilal Oswal said in an analysis report.
Nuvama Institutional Equities has estimated a revenue of Rs 3,720.9 crore in the Q4FY25, posting a growth of 69 per cent YoY. The company’s EBITDA is likely to come in at Rs 546.5 crore and its core profit may come in at Rs 435.9 crore, reporting a growth of 72 per cent YoY.
Q3FY25 Performance – A Recap
In the previous quarter, Suzlon Energy had posted a 91 per cent jump in its revenue at Rs 2,968 crore, while its EBITDA also doubled in value from the year-ago period. Margins also expanded by 90 basis points. The company’s net profit had also spiked by 91 per cent to Rs 387 crore on-year. Suzlon’s volumes at the end of the fiscal third quarter stood at 447 MW, compared to 170 MW last year. For the first nine months of the financial year, Suzlon’s deliveries stood at 977 MW.
Suzlon Energy has a total of 20.9 GW of installed wind energy capacity and the company caters to clients across 17 countries.
Here are things to watch out for as Suzlon Energy will announce its Q4 earnings report on May 29:
– Investors and market participants will keep a watch on management commentary on guidance of operation and order inflows. Besides this, the streets will watch out for select factors like order book, execution, delivery.
– Another monitorable will be the declaration of dividend for the financial year 2024-25. Since the company has not informed about the same in the agenda earlier released for its board meeting, it seems unlikely that there will be a dividend announcement.
– Another key announcement awaited on May 29 is the inflation trend and factors that will lead to growth in the fourth quarter.
– In September last year, Suzlon Energy had bagged its largest wind energy order of 1,166 MW from NTPC Green Energy. Investors will also await management commentary on the same besides other big orders.