Suzlon Energy Posts Strong Q3 FY26 Results with Record Deliveries and Rising Profitability

Renewable energy major Suzlon Energy reported a consolidated net profit after tax of INR 445 crore for the third quarter ended December 31, 2025. This compares with INR 388 crore in Q3 FY25, reflecting improved operating performance and higher execution levels.

Revenue from operations during the quarter rose 42 percent year-on-year to INR 4,228 crore, up from INR 2,969 crore in the corresponding quarter last year, supported by a sharp increase in deliveries.

Record Deliveries Drive Operating Performance

Suzlon Energy recorded its highest-ever quarterly deliveries at 617 MW during Q3 FY26, compared to 447 MW in Q3 FY25. The company currently has 2.4 GW of projects under execution. The strong execution momentum played a key role in boosting revenue and profitability during the quarter.

EBITDA Growth and Margin Improvement

EBITDA for the quarter increased by 48 percent year-on-year to INR 739 crore, compared to INR 500 crore in the same quarter last year. EBITDA margin improved to 17.5 percent in Q3 FY26, up from 16.8 percent in Q3 FY25, reflecting better operating leverage and disciplined cost management.

Profit before tax for the quarter stood at INR 567 crore, marking a 45 percent year-on-year increase.

Record Order Book and Project Pipeline

As of December 31, 2025, Suzlon Energy reported a record order book of 6.4 GW, even after achieving the highest-ever quarterly deliveries in the company’s history. Execution of 2.4 GW worth of orders is currently underway.

The company also has a project development pipeline of over 25 GW, which is expected to support long-term growth and revenue visibility.

Girish Tanti, Vice Chairman, Suzlon Group, said, “We have initiated Suzlon 2.0, a comprehensive business transformation strategy aimed at establishing ourselves as a full-stack clean energy solutions conglomerate. This strategic shift broadens our scope across wind, solar, storage, and emerging clean energy technologies, enabling us to offer integrated solutions to our customers.”

He added that key priorities under Suzlon 2.0 include project development, digital transformation, smart manufacturing, and global expansion.

JP Chalasani, Chief Executive Officer, Suzlon Group, said, “Our closing order book of 6.4 GW stands higher than the opening order book for the quarter, despite the highest-ever deliveries in 30 years. This reflects the demand for our solutions and the effectiveness of our execution.”

He further added, “Our project development pipeline of 25+ GW is also complementing this strategy to augur growth for us. The success of this shift is enhancing revenue visibility, improving project control, and will continue to be a big growth driver for the group.”

Nine-Month Performance

For the first nine months of FY26, Suzlon Energy reported a 58 percent year-on-year increase in revenue to INR 11,211 crore. EBITDA during the same period rose 77 percent to INR 2,058 crore, while deliveries increased 66 percent year-on-year to 1,625 MW, highlighting sustained execution momentum.

Suzlon Energy ended the December quarter with a net cash position of INR 1,556 crore, strengthening its balance sheet.