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3h ago

Suzlon Q2 Profit Jumps Sixfold to Rs 1,279 Crore on Tax Write-Back as Revenue Rises 85%

A one-time deferred tax recognition inflated earnings, with record deliveries and a 6.2 GW backlog pointing to near-term execution.

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Overview

  • Consolidated net profit reached Rs 1,279.44 crore, up about 539% year on year, with roughly Rs 717–718 crore of deferred tax asset recognition driving much of the surge.
  • Revenue from operations rose to about Rs 3,865–3,872 crore, up 84–85% year on year, as EBITDA improved to Rs 721–728 crore with margins of roughly 18.6–18.8%.
  • Suzlon logged its highest-ever second-quarter India deliveries at 565 MW, reported an order book above 6.2 GW, and ended the quarter with net cash of about Rs 1,480 crore.
  • Shares advanced around 1–3% after the results, reclaiming the Rs 60 level in Tuesday’s trade.
  • Morgan Stanley highlighted strong execution and raised forecasts with a Rs 77 target, noting the need to monitor tax-rate clarity, working capital and margin mix.