Suzlon Energy reported a net profit of Rs 254 crore in Q4, marking an 8.6% decrease from Rs 278 crore YoY. Despite the drop, revenue saw a 30% increase to Rs 2,196 crore compared to Rs 1,694 crore in the same quarter last year.
Following the earnings announcement, Suzlon Energy shares fell 4.97% to Rs 45.85, down from Rs 48.25. The company’s market capitalization decreased to Rs 62,360 crore, with 54.48 lakh shares traded, totaling Rs 25.96 crore in turnover.
EBITDA for the quarter improved significantly, rising 54% to Rs 357.2 crore from Rs 232.6 crore in the previous year’s Q4. The EBITDA margin also increased from 13.7% to 16.3%. The company incurred an exceptional loss of Rs 27 crore during the quarter.
On an annual scale, Suzlon Energy recorded its highest-ever profit after tax (before exceptional items) at Rs 714 crore for FY24, up from Rs 167 crore in FY23. EBITDA reached a record Rs 1029 crore. Gross debt dramatically reduced to Rs 110 crore from Rs 1905 crore.