Strong growth in wind turbine sales and record annual deliveries helped Suzlon post a 53% rise in FY26 revenue and profit, even as a deferred tax asset charge weighed on fourth-quarter earnings.
Suzlon Energy reported a 5.7% decline in consolidated net profit for the fourth quarter of FY26, even as revenue from operations surged 45% year-on-year, reflecting strong underlying business growth.
The company’s consolidated net profit attributable to owners stood at ₹11.14 billion in the quarter ended March 31, 2026, compared with ₹11.81 billion in the corresponding quarter last year. Suzlon attributed the decline in quarterly profit primarily to a deferred tax asset charge.
Despite the impact on earnings, operational performance remained strong. Revenue from operations rose to ₹54.68 billion during the quarter, while EBITDA increased 37%, indicating healthy growth in core business activities.
Quarterly revenue growth was driven by a 51% increase in wind turbine generator (WTG) revenue and nearly 18% growth in operations and maintenance services. Revenue from the foundry and forging segment remained largely flat at ₹1.68 billion.
For the full fiscal year FY26, Suzlon delivered robust growth across key financial metrics. Revenue from operations increased 53% to ₹166.79 billion, while consolidated net profit also rose 53% to ₹31.63 billion, reflecting strong execution across its wind energy business.
Commenting on the performance, Girish Tanti, Vice Chairman of Suzlon Group, said the company’s flagship S144 platform has achieved 9 GW of cumulative order intake, while the WTG business has delivered a 55% CAGR over the past three years.
Ajay Kapur, Chief Executive Officer of Suzlon Group, said the company recorded its highest-ever annual deliveries in India at 2.5 GW during FY26. He added that Suzlon’s order book stood at 5.9 GW, with 66% of orders coming from the public sector and commercial and industrial segments, underscoring sustained demand for wind energy solutions.
Rahul Jain, Chief Financial Officer, said the company posted a 67% increase in profit before tax during FY26 while maintaining a healthy cash position of ₹23.84 billion as of March 31, 2026.
