Suzlon Energy Q1 Profit Up 7% YoY, Revenue Surges 55% to ₹3,117 Crore

India is racing toward a greener future, with wind energy driving much of this progress. Suzlon Energy is a leader in this shift. In Q1 of this financial year, the company showed strong results. Profit grew 7% from last year. Revenue surged 55%, reaching ₹3,117 crore.

These numbers tell us more than just financial growth. They reflect stronger demand for clean energy solutions, faster project execution, and Suzlon’s growing presence in India’s renewable sector. We see a company not only chasing profits but also shaping the country’s sustainable energy path. With new orders, better technology, and expanding services, Suzlon is stepping up its game.

Let’s explore what drove this performance, how Suzlon is positioning itself for the future, and why these results matter for investors and the clean energy market. It’s more than a quarterly update; it’s a sign of where India’s wind power industry is headed.

Financial Performance Highlights

Suzlon Energy reported strong growth in the first quarter of FY26. Net profit climbed to ₹324 crore. That is about a 7% rise from ₹302 crore last year. Revenue surged dramatically to ₹3,117 crore. That marks a nearly 55% increase from ₹2,016 crore. The gains were not just in top-line numbers. EBITDA jumped by 62%, reaching ₹599 crore, and its margin improved to 19.2%. Profit before tax climbed 52% to ₹459 crore.

Segment-wise Performance

Wind turbine deliveries hit a record. The company delivered 444 MW, the highest it has ever delivered in a first quarter. The turbine business saw healthy margins, thanks to a favourable mix of projects and clients. Supporting services and components from the foundry to forgings also helped the growth. Foundry and forgings revenue rose to ₹149 crore from ₹91 crore.

Order Book & New Contracts

The order book grew to 5.7 GW. That is a new high and marks ten straight quarters of growth. Suzlon received new orders worth 1 GW in this quarter alone. About 75% of the orders came from PSUs and commercial and industrial clients. This mix gives good visibility and stability for future revenue.

Strategic Initiatives & Expansion Plans

Suzlon is positioned well in India’s energy shift. The company sees wind-dominant FDRE (Firm, Dispatchable Renewable Energy) and RTC (Round-the-Clock) energy solutions as key to supplying stable, affordable, clean power. Its integrated domestic supply chain is an advantage in today’s market. Suzlon has ramped up its manufacturing capacity to about 4.5 GW annually in India.

The company also sees huge potential in repowering. It estimates that about 25.4 GW of older wind sites can be upgraded. New schemes like ALMM for wind and its components are boosting domestic standards and may help Suzlon scale further. India targets 122 GW of wind capacity by FY32. The C&I sector alone may need 78 GW by FY30. The country is also becoming a potential export hub for turbine parts.

Industry & Market Context

Renewable energy in India is booming. The government pushes wind and hybrid energy. India aims for 50% non-fossil fuel capacity and has already hit this mark early. Large PSU tenders and growing demand from commercial sectors are adding momentum. Policy support and auctions for green hydrogen and electrolysers are also rising.

Management Commentary

Suzlon’s leadership shared its views on the results. Girish Tanti, Vice Chairman, said rising C&I and PSU demand shows trust in Suzlon’s technology and execution skills. CEO JP Chalasani noted that Suzlon’s record deliveries show its ability to act fast. He added that new guidelines make India’s energy transition “Made in India, for India”. CFO Himanshu Mody highlighted strong financials and smooth order inflow. He noted a deferred tax charge of ₹134 crore, a book entry only with no cash impact.

Challenges & Risks

Some challenges are coming into view. A shift in management is underway as CFO Himanshu Mody has resigned and will step down at the end of August. Costs may rise if commodity prices move up. Policy changes or delays in auctions can affect growth. Global economic headwinds may slow export potential.

Stock Market & Investor Sentiment

Suzlon’s stock held steady despite the results. It closed near ₹63, dipping just a bit. Analysts remain positive. On NDTV Profit, eight out of nine analysts rated the stock as ‘buy’. The average 12-month target suggests ~21% upside. Promoter holding also changed: it dropped to 11.75% from 13.25% as of June.

Outlook for FY26

The future looks bright. Strong delivery numbers, a growing order book, and a net cash position of ₹1,620 crore support growth. Suzlon’s manufacturing scale and policy tailwinds give it an edge in India’s healing clean energy push. As repowering opportunities arise and exports grow, Suzlon is well placed to keep delivering.

Wrap Up

Suzlon Energy’s Q1 FY26 results show solid business across the board. Profit, revenue, and margins all climbed strongly. Deliveries rose, the order book expanded, and financials remain firm. With policy support and rising demand, Suzlon stands ready to lead India’s push into a cleaner, greener energy future.

Frequently Asked Questions (FAQs)

Disclaimer:

This is for informational purposes only and does not constitute financial advice. Always do your research.