Author: Aditya Pareek | EQMint | General News
Mumbai, November 4, 2025 — Wind energy major Suzlon Energy Ltd reported a 539% year-on-year jump in consolidated net profit to ₹1,279 crore for the quarter ended September 2025 (Q2 FY26), driven by robust growth in renewable energy installations, a surge in domestic demand, and improved cost efficiencies. The company’s revenue soared 85% YoY to ₹3,948 crore, marking one of its strongest quarterly performances in recent years.
The results reflect a remarkable turnaround for Suzlon, which has successfully emerged from years of debt restructuring and market uncertainty to become one of India’s top renewable energy engineering companies.
Strong Performance Across Business Segments
Suzlon attributed its record profitability to higher turbine sales, operational efficiency, and cost optimization initiatives. The company’s EBITDA margin expanded to 24.6%, compared with 18.2% in the same period last year, supported by better realization in new wind turbine orders and economies of scale.
In a statement, the company said,
“Our strong financial performance reflects the growing momentum in India’s renewable energy transition. We continue to focus on sustainable growth, debt reduction, and technological innovation.”
The company’s order book stood at over 4.8 GW at the end of the quarter, bolstered by new projects across Gujarat, Tamil Nadu, Rajasthan, and Karnataka, where wind energy capacity additions have accelerated under India’s push toward achieving 500 GW of renewable energy capacity by 2030.
Net Profit Soars 539% YoY
Suzlon’s Q2 FY26 net profit of ₹1,279 crore, compared to ₹200 crore in the corresponding period last year, highlights its continued financial recovery after completing its debt restructuring in FY24.
This surge was primarily driven by:
- Higher volume execution from large-scale wind turbine orders.
- Improved project delivery timelines and logistics management.
- Lower finance costs following debt repayment.
- Strong operational performance from its Operations & Maintenance (O&M) division, which provides recurring revenue.
The O&M segment alone contributed over ₹1,250 crore in revenue this quarter, a 27% increase year-on-year.
Revenue Jumps 85% on Robust Demand
Suzlon’s total revenue for Q2 FY26 climbed to ₹3,948 crore, up from ₹2,135 crore in Q2 FY25. This 85% increase reflects the rapid growth of India’s renewable energy infrastructure and rising investor interest in wind power.
India’s Ministry of New and Renewable Energy (MNRE) recently announced plans to accelerate wind power projects in coastal states, a move expected to significantly benefit Suzlon, which already holds over 35% market share in India’s wind turbine market.
“The momentum in renewable energy, backed by strong government policies and private sector participation, has directly contributed to our growth trajectory,” said Tulsi Tanti, Chairman and Managing Director of Suzlon Energy. “Our focus remains on delivering efficient wind solutions while maintaining cost competitiveness.”
Financial Highlights: Suzlon Energy Q2 FY26 Results
| Particulars | Q2 FY26 | Q2 FY25 | YoY Growth |
|---|---|---|---|
| Net Profit | ₹1,279 crore | ₹200 crore | +539% |
| Revenue | ₹3,948 crore | ₹2,135 crore | +85% |
| EBITDA | ₹972 crore | ₹388 crore | +150% |
| EBITDA Margin | 24.6% | 18.2% | +640 bps |
| EPS (Earnings per Share) | ₹3.10 | ₹0.58 | +434% |
The company also reported a net debt reduction of ₹450 crore during the quarter, further strengthening its balance sheet.
Strategic Growth and Green Transition
Suzlon Energy has been aggressively focusing on technology upgrades and expanding its turbine portfolio. The company’s latest S144 wind turbine platform, launched earlier this year, has gained significant traction due to its improved capacity factor and suitability for low-wind sites across India.
In addition, Suzlon energy’s Make in India approach ensures over 80% localization in manufacturing, aligning with the government’s Atmanirbhar Bharat initiative.
“We’re not just manufacturing turbines — we’re building India’s clean energy backbone,” said JP Chalasani, CEO of Suzlon Energy. “Our focus on sustainability, digitalization, and supply chain efficiency will keep us ahead in the energy transition decade.”
Suzlon energy’s technological advancements have also contributed to lower cost per megawatt (MW) for developers, improving project viability in India’s competitive renewable energy sector.
Market Outlook
With India targeting 50% of its total energy capacity from renewables by 2030, the domestic wind energy sector is poised for sustained growth. Analysts expect Suzlon to maintain double-digit growth in both revenue and profitability over the next few years, driven by:
- Policy support for hybrid wind-solar projects.
- Higher demand for domestic turbine manufacturing.
- Increasing corporate adoption of renewable energy under ESG mandates.
“Suzlon’s turnaround story is impressive,” said Ritesh Shah, energy analyst at InvestSmart. “The combination of reduced debt, improved margins, and sectoral tailwinds makes Suzlon one of the most promising green energy plays in India.”
Stock Market Reaction
Following the announcement of its stellar Q2 FY26 results, Suzlon Energy shares rose 4.6% in early trade on the Bombay Stock Exchange (BSE), touching a high of ₹65.80 per share. The stock has already delivered over 180% returns year-to-date, reflecting investor confidence in the company’s strategic recovery and the broader renewable energy boom.
Future Plans
Suzlon energy plans to expand its manufacturing capacity from 5 GW to 8 GW annually over the next two years, with a focus on export opportunities in Africa, Southeast Asia, and Latin America. The company also aims to reduce its carbon footprint by 25% by 2030 through green manufacturing practices and renewable-powered operations.
In its statement, the company reaffirmed its commitment to “sustainable profitability and technological innovation” as it eyes new opportunities in offshore wind, repowering old wind farms, and hybrid renewable projects.
Conclusion
The Suzlon Energy Q2 FY26 results underline a powerful comeback for one of India’s pioneering renewable energy companies. With record profits, robust order inflows, and a renewed strategic focus, Suzlon is well-positioned to lead India’s clean energy revolution.
As global markets pivot toward sustainability, Suzlon’s journey from financial distress to profitability stands as a model of resilience, innovation, and green growth.
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Disclaimer: This article is based on information available from public sources. It has not been reported by EQMint journalists. EQMint has compiled and presented the content for informational purposes only and does not guarantee its accuracy or completeness. Readers are advised to verify details independently before relying on them.
