Suzlon Energy Ltd. on Monday reported a 95.72% year-on-year (YoY) rise in its second quarter consolidated net profit for the financial year 2024-25 (Q2 FY25). During the quarter under review, profit stood at Rs 200.20 crore as against Rs 102.29 crore in the year-ago period.

The renewable energy solutions provider’s operating revenue increased 47.68 per cent to Rs 2,092.99 crore in Q2FY25 from Rs 1,417.21 crore for the period last year’s correspondent.

Suzlon said it recorded consistent annual growth in EBITDA (earnings before interest, taxes, depreciation and amortization) at Rs 294 crore. The EBITDA margin and net margin were 14.1 percent and 9.6 percent, respectively.

The company mentioned that its order book reached an all-time high of 5.1 GW, including the country’s largest wind order from NTPC.

Girish Tanti, Vice Chairman, Suzlon Group, said: “We have strengthened our management team, stabilized our new product offerings, increased our manufacturing capacity, improved our project execution capabilities and built a strong order book. . As the industry continues to evolve, we seize the opportunity to explore new opportunities that align with our strategic objectives. To help us crystallize the most relevant prospects, we have engaged a leading global management consulting firm to provide expert advice and insights as part of this collaboration. will enable us to shape our future growth trajectory, identify potential adjacencies and make informed decisions that lead to long-term success.

As of September 30, 2024, the company’s workforce amounts to more than 7,700 employees.

Himanshu Mody, Chief Financial Officer of Suzlon, said: “We are making long-term investments by implementing a series of strategic measures to improve our organizational capabilities and grow the business sustainably. This strategy will also help us boost our competitiveness to improve our efficiency. and profitability.”

The quarterly results were announced today after the market. Earlier in the day, the stock settled up 5.07 per cent at Rs 70.85.