Q1 FY26: Suzlon Energy Posts 62% Rise in Earnings

Indian wind energy company Suzlon reported a 55% year-on-year (YoY) increase in revenue to ₹3,117 crore in its Q1 FY26 results.

In the first quarter of 2025, Suzlon's profit before tax reached ₹459 crore, and profit after tax (PAT) stood at ₹324 crore. The company said its order book has grown consistently over the last 10 quarters.

It recorded its highest-ever Q1 deliveries at 444 MW, received 1 GW of new orders, and closed the period with a 5.7 GW order book — 75 percent from commercial and industrial (C&I) and public sector unit (PSU) clients. Whereas, Suzlon’s net cash position stood at ₹1,620 crore as of June 30, 2025.

Girish Tanti, Vice Chairman, Suzlon Group, said, “The energy sector is undergoing a structural shift where wind-dominant FDRE and RTC solutions are essential for delivering firm, reliable, and affordable clean power to India. 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.”

JP Chalasani, Chief Executive Officer, Suzlon Group, 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. Our record deliveries this quarter highlight Suzlon’s executional strength and ability to seize opportunities. These align perfectly with MNRE’s revised ALMM (Wind) guidelines — a roadmap to make India’s energy transition Made in India, for India, and by India. With 4.5 GW of annual domestic manufacturing capacity, we are well-positioned to power the nation’s clean energy future.” 

Himanshu Mody, Chief Financial Officer, Suzlon Group, said, "Q1 delivered a strong all-around performance, with year-on-year growth across all key financial and operational metrics. The significant increase in EBITDA reflects our disciplined financial management, operational efficiency, and the underlying strength of our business model."

He further added, "The Company recognised Deferred Tax Assets of ₹ 630 Crores last quarter, which is now unwinding, resulting in a deferred tax charge of ₹ 134 Crores in Q1 FY26. This is purely an accounting adjustment with no cash impact. Our strong order inflow provides clear revenue visibility, while five-notch rating upgrades over the last two years reflect our improved financial strength and flexibility —unlocking new working capital avenues."

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Sharing their view on the latest policy change, Suzlon said in a press release, "ALMM (Wind) and ALMM (Wind Turbine Components) introduced to regulate manufacturing standards, and boost domestic manufacturing, India’s own carbon market to launch by 2026." 

Sharing their view on the future investment and bidding plans, the wind energy company said, "Investment & Bidding Momentum  Central, state bidding and C&I pipeline exceeds 41 GW  Large PSU bids and hybrid tenders growing, backed by SECI’s green hydrogen and electrolyser auctions Strong Domestic Demand Outlook  Target of 122 GW wind capacity by FY32 with wind dominant in hybrid, RTC, and FDRE projects.  The C&I sector to require 78 GW of renewable energy by FY30. Massive Capacity & Export Potential: India poised to become a global export hub for wind turbine components. Significant repowering opportunity of ~25.4 GW in existing projects."