Suzlon Energy Q1 FY27 results: Net profit drops 6%, revenue increases to ₹3,819 crore YoY

Suzlon Energy reported a 6% decline in its consolidated net profit at ₹305 crore on Tuesday, July 28, for the first quarter of the financial year 2026-27 (Q1 FY27) as against ₹324 crore in the same period last year.

The company’s revenue from operations, however, increased 23% in the April-June period to ₹3,819 crore as compared to ₹3,117 crore on a year-on-year (YoY) basis.

On the operational front, Suzlon Energy’s earnings before interest, taxes, depreciation & amortisation (EBITDA) for the quarter grew marginally to ₹585 crore in Q1 FY27 from ₹584 crore in the corresponding quarter for the previous fiscal year.

The EBITDA margin for the quarter contracted to 15.32% in the reporting quarter in contrast to 18.74% YoY.

Commenting on the earnings, Suzon Group Chief Financial Officer Rahul Jain said, “We delivered a strong top-line performance this quarter, with revenue growing 2.3% year-on-year, reflecting healthy execution and project deliveries. EBITDA & PAT margins were in line with ongoing developments, given the temporary logistic disruptions arising from the geopolitical situation, certain strategic investments, and change of scope and segment mix.”

Suzlon Energy said it has reported its highest-ever Q1 deliveries at 506 MW, marking a 14% YoY increase. Commissioning during the quarter stood at 269 MW, reflecting a 2.3x growth compared to the same period last year, indicating a sharp scale-up in execution.

Order book details

The company also recorded new order additions of around 1 GW during the quarter, including two large DevCo-led EPC orders from Tata Power and the Waaree Group.

The renewable energy firm’s cumulative order book stood at approximately 6.1 GW by the end of the quarter, with 84% of orders from the PSU and C&I sectors.

Other updates

In the reporting quarter, Suzlon Energy said it has achieved a commissioning milestone of 269 MW while making strong execution progress on the landmark 1.2 GW NTPC project in Gujarat.

Suzlon has also doubled its rotor blade manufacturing facility’s capacity in Jaisalmer from 630 MW to 1,260 MW in Q1 by adding two additional manufacturing lines. The expanded facility now is spread over 30 acres and will give employment to more than 1,200 people.

“Our strong start to FY27 reflects disciplined execution across every aspect of our business. With the successful launch of the first FDRE-ready S175 wind turbine and manufacturing now scaled at our Bhuj facility, we are well prepared to meet future demand,” said Ajay Kapur, Chief Executive Officer, Suzlon Group.

Suzlon Energy is a leader in wind energy in India, which is the world’s fifth-largest wind energy market.

Following the earnings, Suzlon Energy shares slipped 6.11% to ₹49.90 apiece on the National Stock Exchange. The company has a market capitalisation of ₹68,498.92 crore.