Suzlon Energy reported a 26% year-on-year revenue increase in Q2 FY27, driven by record deliveries of 710 MW, while its comparable net profit rose 1.3%.
Suzlon Energy Ltd reported a 26% year-on-year increase in revenue from operations to ₹4,869 crore in Q2 FY27, supported by record quarterly deliveries of 710 MW.
Reported net profit in the year-ago quarter stood at ₹1,279 crore, reflecting the impact of the one-off tax-related item.
Our 1.1+ GW of DevCo-led orders show how fast we are accelerating project execution and capacity addition, driving India toward its 100 GW wind energy ambition by 2030.
Ahead of the earnings announcement, Suzlon Energy shares closed at ₹36.79 on the BSE, down 1.45% on the day.
Suzlon Energy reported a 26% year-on-year revenue increase in Q2 FY27, driven by record deliveries of 710 MW, while its comparable net profit rose 1.3%.
Suzlon Energy Ltd reported a 26% year-on-year increase in revenue from operations to ₹4,869 crore in Q2 FY27, supported by record quarterly deliveries of 710 MW.
The wind turbine maker's net profit after tax rose 1.3% year-on-year to ₹394 crore on a comparable basis, excluding the ₹891 crore deferred tax asset creation in Q2 FY26. Reported net profit in the year-ago quarter stood at ₹1,279 crore, reflecting the impact of the one-off tax-related item.
EBITDA remained broadly flat at ₹720 crore against ₹721 crore a year ago, while the EBITDA margin contracted to 14.8% from 18.6%. Profit before tax declined to ₹518 crore from ₹562 crore.
Sequentially, revenue rose from ₹3,819 crore in Q1 FY27, while net profit increased from ₹305 crore. Deliveries grew 40% quarter-on-quarter to 710 MW, while commissioning rose 69% sequentially to 454 MW.
Order book and execution
Suzlon said its installed wind capacity has crossed 22 GW globally, placing it among the world's largest wind energy players. Its order book stands at over 6 GW, with order intake exceeding 1.5 GW in the first half of FY27.
DevCo-led orders accounted for over 70% of H1 order intake, at more than 1.1 GW. Engineering, procurement and construction (EPC) orders contributed 38% of the total order book, with the company targeting a 50% share by FY28. Public sector undertaking and commercial and industrial customers accounted for 78% of the order book.
The company also said its net worth has crossed ₹10,000 crore and that CRISIL upgraded its long-term rating to CRISIL AA-/Stable.
Our Suzlon 2.0 strategy is turning our wind leadership into a full-stack renewable energy solutions business, delivering record throughput and execution at scale. Our 1.1+ GW of DevCo-led orders show how fast we are accelerating project execution and capacity addition, driving India toward its 100 GW wind energy ambition by 2030. And, as we cross 22 GW of installed wind capacity globally, GIRISH TANTI, VICE CHAIRMAN AND CO-FOUNDER OF SUZLON GROUP
Ajay Kapur, Chief Executive Officer of Suzlon Group, said, “Our record Q2 deliveries of 710 MW and strong commissioning of 454 MW reflect stronger execution and are driving revenue growth. With H1 order intake exceeding 1.5+ GW and an order book of 6+ GW, we are demonstrating our ability to convert demand into deliveries, while sustaining a strong pipeline for future growth. The rising EPC to 38% share further reflects our expanding role in end-to-end project execution.”
Separately, Suzlon Foundation to become wholly owned subsidiary
Suzlon Energy has agreed to acquire 1,00,000 equity shares of ₹10 each, representing 100% of the equity share capital of Suzlon Foundation Limited, for an aggregate consideration of ₹10 lakh. Upon completion of the acquisition, Suzlon Foundation will become a wholly owned subsidiary of the company.
Ahead of the earnings announcement, Suzlon Energy shares closed at ₹36.79 on the BSE, down 1.45% on the day.
