Suzlon Energy, one of India’s top renewable energy solutions companies, posted robust financial and operational performance for the first quarter (Q1) of FY 2026 ended June 30, 2025. The company recorded a year-on-year growth of 7.3% in consolidated net profit at ₹324 crore, from ₹302 crore in Q1 FY 2025. This strong profitability was supported by a staggering 55% increase in revenue from operations, up to ₹3,132 crore from ₹2,021 crore during the previous year.
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Impressive EBITDA
Earnings before interest, tax, depreciation, and amortisation (EBITDA) of the company showed a strong 62% growth to ₹599 crore, with a rise in EBITDA margin to 19.13% from 18.28% earlier. These enhancements reflect Suzlon’s efficient operations and prudent financial management, even though it incurred higher tax charges and finance costs in the quarter. Of note is that the company recorded a deferred tax charge of ₹134 crore in this quarter, which is a non-cash accounting entry for the unwinding of a deferred tax asset established last quarter.
All time high Q1 delivery – 444 MW
Operationally, Suzlon delivered its all-time Q1 highest at 444 megawatts (MW), though slightly lower than 573 MW dispatched in the last quarter. New orders of 1 gigawatt (GW) were also procured in the quarter, taking its overall order book to an all-time high of 5.7 GW. Approximately 75% of these orders are from Commercial & Industrial (C&I) and Public Sector Undertakings (PSU) segments, indicating robust demand from these core sectors.
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PSU Auctions push for Upbeat
Suzlon’s managing director JP Chalasani underlined the upbeat trends in India’s renewable energy market, led especially by big PSU-conducted auctions and growing corporate appetite for clean energy solutions. With a 4.5 GW annual domestic manufacturing capacity, Suzlon is well placed to contribute to India’s energy transformation and sustainability targets. The business model of the company is also supported by a consolidated balance sheet with a net cash position of ₹1,620 crore as of June 30, sufficient for working capital to support growth.
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CFO resigns, ED-MD appointed
On the management front, Suzlon unveiled Chief Financial Officer Himanshu Mody’s resignation, who served out a four-year term. The company also made announcements of appointments of its chairman and managing director, Vinod Tanti, and executive director Girish Tanti, for a five-year term effective from October 2025, subject to shareholder approval.
In summary, Suzlon Energy’s Q1 FY26 performance reflects solid growth with the momentum of strong order inflows, all-time favourable deliveries, and better financial parameters. The strategic positioning of the company in the wind energy segment, along with operational excellence and a strong order book, supports an optimistic outlook as India upscales its clean energy goals. Suzlon is well-positioned to leverage the growing renewable energy space with the strength of technological leadership as well as a maturing domestic manufacturing footprint.
