Suzlon Q1 net profit falls 6% to Rs 305 crore; revenue rises 22.5%
Suzlon Energy Limited reported a consolidated net profit of Rs 305 crore for the quarter ended June 30, 2026, down 6% from Rs 324 crore in the corresponding quarter of the previous fiscal year, even as revenue from operations increased 22.5% year-on-year to Rs 3,819 crore.
Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 595 crore, marginally lower than Rs 599 crore a year earlier. EBITDA margin contracted to 15.6% from 19.2% in Q1 FY26, with the company attributing the compression to temporary logistical disruptions arising from geopolitical tensions, strategic investments, and a change in scope and segment mix.
Operationally, Suzlon recorded its highest-ever first-quarter deliveries of 506 MW, up 14% from 444 MW in Q1 FY26. Commissioning volumes more than doubled to 269 MW, reaching 2.3 times the year-ago level.
Order book
Suzlon added approximately 1 GW of new orders during the quarter, including two major DevCo-led Engineering, Procurement and Construction (EPC) orders from Tata Power and Waaree Group.
Its cumulative order book stood at approximately 6.1 GW, with 84% of orders coming from the Public Sector Undertaking (PSU) and commercial & industrial (C&I) segments. The share of EPC business increased to 32% from 22% a year ago.
The Renewable Energy Solutions segment, Suzlon’s largest revenue contributor, recorded revenue of Rs 3,174 crore, up 27.3% year-on-year.
The RE Asset Management Services segment reported revenue of Rs 632 crore, an increase of 8.1%, while revenue from the Foundry & Forging segment declined 14.1% to Rs 126 crore.
New platform
During the quarter, Suzlon unveiled its S175 (5 MW) wind turbine platform in India and Europe and secured its first order for the platform in India.
The company also launched its ‘Suzlon 2.0’ strategic framework, structured around four business verticals: RE Tech, RE DevCo, RE Projects, and RE AMS.
Suzlon’s Board also approved the establishment of a wholly owned subsidiary in Singapore to augment its international wind energy and Operations and Maintenance Services (OMS) business.
Girish Tanti, Vice Chairman, Suzlon Group, stated: “Suzlon is stronger than ever, and we’re leveraging this to invest in our future. Suzlon 2.0 is underway as we build 4 strategic growth engines with wind-led RE solutions, strengthen our technology, and focus on long-term customer partnerships. All new growth areas are gaining traction.”
Ajay Kapur, Chief Executive Officer, added: “Our strong start to FY27 reflects disciplined execution across every aspect of our business. We achieved our highest-ever first quarter deliveries of 506 MW, up +14% y-o-y, while more than doubling our commissioning as projects moved into advanced stages of execution.”
Rahul Jain, Chief Financial Officer, commented: “We delivered a strong top-line performance this quarter, with revenue growing 23% year-on-year, reflecting healthy execution and project deliveries. EBITDA & PAT margins were in line with ongoing developments, given the temporary logistic disruptions arising from the geopolitical situation, certain strategic investments, and change of scope and segment mix.”
Manufacturing
Suzlon doubled rotor blade manufacturing capacity at its Jaisalmer facility from 630 MW to 1,260 MW by adding two manufacturing lines.
The expanded facility covers 30 acres and is expected to employ more than 1,200 people. It can manufacture rotor blades for both the S144 and S175 wind turbine platforms.
The featured photograph (source: Suzlon) is for representation only.
