Suzlon confident of better results in March quarter, to execute order book in two years

"For quarter four, certainly, I think we would be able to do numbers, which are better than quarter three, that has been the historical trend. We are quite likely to continue with that trend. We maintain that, typically in H1, we do about 35 to 40% of our volumes, and about 60 to 65% comes from H2. So we maintain that," he said.

Cumulative order book is at 3,157 MW for Suzlon. This, along with the pipeline under discussion, brings strong revenue visibility, it had said in an investor presentation.

CFO Mody said that 53% of the current order book comes from central and state auctions, while 47% of it comes from the Commercial & Industrial segment, or from the private sector for captive consumption.

He also said that some part of the order book will be executed in the March quarter but a large part of it is for financial year 2025. "The next two years is what we need to execute this order book. In terms of realisation that we continue that at an average of about ₹6 crore per megawatt in terms of realisation is what where we have this order book at," he added.

ACC, Adani Renewables, Aditya Birla Group, GAIL, BlackRock, ITC, Reliance Industries feature among the company's key clients.

Suzlon's current net cash position stands at ₹719 crore at the end of the December quarter, compared to a net debt of ₹1,180 crore at the end of March 2023.

Suzlon's shares are trading 4% higher at ₹50.15. The stock has risen over 400% over the last 12 months.