Suzlon Group, India’s No.1 Wind Energy Solutions provider, announced its fourth quarter (Q4 FY25) and annual audited results for the financial year 2024-25 (FY25).
Girish Tanti, Vice Chairman, Suzlon Group, said, “FY25’s performance sets the stage for Suzlon’s next phase of strategic evolution and market leadership. Achieving our highest profitability in a decade, strong cash reserves, and a record order book are the direct outcomes of our disciplined business transformation and sharp operational focus. India has also crossed a significant milestone by surpassing 50 GW of installed wind power capacity – a journey in which Suzlon has played a leading role. As we advance towards the 100 GW target by 2030, India will most certainly shape the global narrative on clean energy leadership and climate action.”
JP Chalasani, Chief Executive Officer, Suzlon Group, said, “This year, we completed Suzlon’s ramp-up phase, which is clearly reflected in the sharp increase in our deliveries. With our highest-ever firm order book of 5.6 GW, we have long-term visibility and the capacity to scale and support future growth. These efforts have built a solid foundation to meet India’s rising need for clean, reliable, and locally made wind energy. Our continued focus on safety, quality, ESG, and customer satisfaction will guide us, as we step into the next phase of India’s energy journey.”
Himanshu Mody, Chief Financial Officer, Suzlon Group, said, “This is one of the best years for Suzlon, marked by consistent growth across revenues, profitability, and EBITDA, along with a strong net cash position. These results reflect the strength of our operating model and financial prudence. We are committed to funding our growth ambitions while maintaining strict financial discipline, optimising capital allocation, and strengthening our balance sheet for long-term sustainability.”
Suzlon Group Q4 FY25 and Annual Results at a glance (consolidated):
(₹ Cr.)
| Particulars | Q4 FY25 Unaudited | Q4 FY24 Unaudited | Q3 FY25 Unaudited | FY25 Audited | FY 24 Audited |
| Net Volumes (MW) | 573 | 273 | 447 | 1,550 | 710 |
| Net Revenue | 3,774 | 2,179 | 2,969 | 10,851 | 6,497 |
| EBITDA | 693 | 357 | 499 | 1,857 | 1,029 |
| EBITDA Margin | 18.4% | 16.4% | 16.8% | 17.1% | 15.8% |
| Net Finance Cost | 49 | 33 | 42 | 151 | 126 |
| Profit Before Exceptional Items and Tax | 551 | 280 | 391 | 1,447 | 713 |
| Profit Before Exceptional Items but after Tax | 1,181 | 281 | 388 | 2,072 | 714 |
| Profit After Tax (PAT) | 1,181 | 254 | 388 | 2,072 | 660 |
Wind Turbine Generator (WTG)
In FY25, we achieved record deliveries of 1.55 GW—an impressive 118% year-on-year growth. The contribution margin for our WTG business expanded to 23%, a rise of 360 basis points, backed by our 4.5 GW manufacturing capacity. We added 10 new production lines for our S144 – 3.X MW series and completed nacelle expansion at Daman and Pondicherry. We will continue to invest in building a strong local manufacturing and supply chain ecosystem to support India’s wind energy ambitions.
OMS
Suzlon’s OMS (Operations and Maintenance Services) business remains a key pillar of growth for the Group, currently managing a robust 15 GW of installed wind energy capacity across India, representing over USD 10 billion in renewable energy assets under management. Gujarat leads as the top-performing state for our OMS portfolio, where we service 4.2 GW, followed by Rajasthan (2.3 GW) and Maharashtra (2.2 GW). Our strong customer retention rates and annuity-based revenue model provide a stable foundation for sustained expansion.
Technology
Our flagship innovation, the S144 wind turbine, proudly designed and manufactured in India, remains the cornerstone of our technological leadership. Engineered specifically for Indian sites and optimized for hybrid power plant compatibility, it enables efficient grid integration and high-quality energy output—a crucial edge for our customers. With over 5 GW of firm orders, it has emerged as our top-performing product, contributing more than 1.25 GW in deliveries during FY25 alone. It now represents 91% of our order book, underscoring the market’s strong demand for reliable, site-adaptive, and high-yield turbine technology.
ESG
Suzlon proudly leads the industry with its Make in India flagship S144 (3X MW) turbine, with lowest product carbon footprint of 6.16 gCO₂/kWh—setting a new benchmark in clean energy innovation. For over 30 years, we have driven sustainability through cutting-edge technology and leadership in renewable energy. Our ESG ratings consistently surpass industry averages, earning recognition from agencies such as CRISIL, Sustainalytics and S&P Global. We are on track to achieve net-zero Scope 1 (Direct emissions) and Scope 2 (Purchased electricity emissions) well ahead of our 2035 target. Additionally, we are progressing actively to achieve our sustainability targets ahead of our committed timelines and have already achieved 90% Zero Waste to Landfill (ZWTL) at Group level against our targets for achieving 100% ZWTL by 2028. Furthermore, we have met Product Stewardship commitments ahead of the timeline for manufacturing operations in FY 2024-2025.
Human Resources
Talent is the strategic driver of Suzlon’s transformation as we build a future-ready organisation engineered for scalable impact. Suzlon is prioritising cross-sector expertise in technology, ESG, digital innovation, and supply chain excellence. We remain committed to bridge the skills gap by cultivating a strong talent ecosystem that creates sustainable green career opportunities and empowers the next generation of leaders in renewable energy.
