Suzlon Group, India’s largest provider of renewable energy solutions, has reported strong third-quarter results for the financial year 2024-25 (Q3 FY25), ending December 31, 2024, with a 91% year-on-year profit increase to ₹388 crores. Girish Tanti, Vice Chairman of Suzlon Group, highlighted the company’s continued progress in building a future-ready business, focusing on key strategies like talent development, next-gen technology, customer-centric solutions, and expanding operational capacity. Tanti emphasized the growing demand from Commercial & Industrial (C&I) sectors and Public Sector Undertakings (PSUs) that are prioritizing sustainability, positioning Suzlon as a key partner in their green energy goals.
JP Chalasani, CEO of Suzlon Group, noted the company’s consistent quarter-on-quarter growth, with each business unit operating independently to drive performance. He highlighted the progress in expanding manufacturing capacity in India to fulfill a record-high order book of 5.5 GW, with ongoing ramp-up strategies ensuring long-term value creation and contributing to India’s renewable energy goals.
Himanshu Mody, CFO, stated that Q3 FY25 was focused on execution, reflected in strong profit growth driven by increased volume, margin expansion, and better operating leverage. With robust stakeholder support, Suzlon is well-positioned to capitalize on emerging opportunities and maintain its leadership in the renewable energy sector.
Suzlon continues to strengthen its position in the Indian wind energy market, with its S144 wind turbine leading the industry. This model now accounts for 92% of Suzlon’s order book, reflecting its widespread adoption. A major milestone was achieved in Q3 FY25 with the successful delivery of the 300th S144 turbine, further solidifying Suzlon’s dominance in the sector.
To address the growing talent gap in the wind energy industry, Suzlon has partnered with the government to launch India’s largest green skills program in collaboration with the Andhra Pradesh government. This initiative aims to create approximately 12,000 green jobs, supporting India’s transition to sustainable energy while fostering a skilled workforce for the sector.
Suzlon has significantly expanded its wind turbine manufacturing capacity, reaching 4.5 GW annually by upgrading its nacelle facilities in Daman and Puducherry. Additionally, new production lines are being established in Ratlam and Jaisalmer to further scale operations. The company has also secured three major orders, reinforcing market confidence in its capabilities.
Operational & Maintenance Services (OMS) remain a crucial growth driver for Suzlon, with continuous improvements in field safety and operational efficiency. By enhancing service capabilities, the company ensures long-term reliability and performance of its wind energy solutions, supporting customers in maximizing asset value.
Suzlon has received notable industry recognition for its performance and sustainability efforts. Its credit rating was upgraded to ‘CRISIL A’ with a positive outlook, reflecting strong financial performance. The company also won the GEEF Global Sustainability Award 2024 for Excellence in Renewable Energy. Additionally, Suzlon Global Services Ltd (SGSL) earned multiple accolades, including the ‘Great Indian Renewable Energy Company of the Year’ award and the ‘Gold Award-Green Practices’ at the CII-Northern Region Green Practices Awards.
The Suzlon Group is a global leader in renewable energy solutions, with an installed wind energy capacity of approximately 20.9 GW* across 17 countries. Headquartered at Suzlon One Earth in Pune, India, the Group encompasses Suzlon Energy Limited (NSE: SUZLON, BSE: 532667) and its subsidiaries. As a vertically integrated organization, Suzlon boasts in-house R&D centres in Germany, the Netherlands, Denmark, and India, complemented by state-of-the-art manufacturing facilities across India.
With 29 years of expertise and a team of over 7,800 professionals, Suzlon is India’s top renewable energy solutions provider, managing nearly 15 GW of assets domestically and an additional 6 GW globally. Its product portfolio features advanced wind turbine technologies, including the 2.x MW and 3.x MW series, reinforcing its position as a trusted partner in the renewable energy sector.
