Suzlon Energy Q1 results: Net profit rises 7% YoY, revenue jumps 55% to ₹3,117 crore

The sharp jump in revenue was largely boosted by a 67% growth in the wind turbine segment at ₹2,496 crore during the quarter. In addition, the foundry and forgings revenue also surged to ₹149 crore from ₹91 crore.

Suzlon Energy’s net profit for the quarter rose 7.2% to ₹324 crore YoY as against ₹302 crore in the corresponding quarter of FY25.

On the operational front, the company’s earnings before interest, taxes, depreciation & amortisation (EBITDA) for the quarter increased 60% to ₹585 crore in Q1 FY26 as compared to ₹364 crore on the back of a positive inventory adjustment worth ₹550 crore.

The EBITDA margin for the quarter also expanded by 70 basis points (bps) to 18.78% in the reporting quarter.

On a sequential basis, however, Suzlon Energy’s revenue for the quarter declined 18% from ₹3,773 crore. On the bottom-line front, the net profit for the quarter dropped 72% QoQ. The company recorded a ₹600 crore writeback back in the previous quarter, which swelled the net profit to ₹1,180 crore.

Recently, the Suzlon Group secured a 381 MW order from Zelestra India and its affiliates. The 381 MW project, involving 127 of Suzlon’s S144 turbines, will be spread across Maharashtra (180 MW), Madhya Pradesh (180 MW), and Tamil Nadu (21 MW). The project is a part of SJVN’s FDRE bid in Maharashtra and MP, while the Tamil Nadu portion will serve Commercial & Industrial (C&I) power consumers.

The shares of Suzlon Energy closed at ₹63.22 apiece, falling 0.16% on the NSE ahead of the earnings.

Suzlon Energy is a leader in wind energy in India, which is the world’s fifth-largest wind energy market. The company is a pioneer in providing end-to-end wind power solutions for increasing demand for wind energy all over the world.