Powered by record deliveries and a bulging order book, Suzlon’s quarterly profit and revenue surge, as India accelerates towards ambitious wind energy targets.
Pune-based Suzlon Energy has posted its first-quarter results for FY26, reporting a 62% year-on-year jump in consolidated EBITDA to ₹5.99 billion. The company, in its official press release, acknowledged that record deliveries and a healthy order pipeline drove this.
Revenue from operations rose 55% to ₹31.17 billion, while profit before tax climbed 52% to ₹4.59 billion. Net profit stood at ₹3.24 billion. The EBITDA margin improved to 19.2%, up from 18.4% a year earlier. Net finance costs rose to ₹700 million from ₹220 million.
The company achieved its highest-ever Q1 deliveries at 444MW and secured 1GW of new orders, taking its total order book to 5.7GW; 75% of which comes from commercial, industrial, and public sector clients. Suzlon maintained a net cash position of ₹16.2 billion as of 30 June 2025.
“The rising demand from C&I and PSU customers, along with a strong base of repeat orders, reflects the trust in Suzlon’s technology leadership and execution capabilities,” stated Vice Chairman Girish Tanti.
Commenting on the results, CEO JP Chalasani said, “India’s renewable energy growth is driven by large PSU-led auctions; signalling strong market momentum and rising C&I demand. Businesses are seeking firm, reliable, and affordable clean power to meet sustainability goals.”
CFO Himanshu Mody attributed the earnings growth to operational efficiency and disciplined financial management, adding that a ₹1.34 billion deferred tax charge this quarter was purely an accounting adjustment.
India’s wind sector is expected to reach 122GW by FY32, with 78GW required by the C&I sector by FY30. Suzlon, with 4.5GW annual domestic capacity, sees opportunities in repowering ~25.4 GW of older projects and tapping export markets.
