Suzlon Energy Q2 FY27 results: Net profit drops 69% YoY; order book exceeds 6 GW

The company’s revenue from operations, however, increased 26% in the July-September period to ₹4,875 crore as compared to ₹3,871 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 dropped marginally to ₹719 crore in Q2 FY27 from ₹721 crore in the corresponding quarter for the previous fiscal year.

The EBITDA margin for the quarter contracted to 14.7% in the reporting quarter in contrast to 18.6% YoY.

The company said that its net worth has crossed ₹10,000 crore. Suzlon Energy reported an order book of over 6 GW, with record H1 FY27 deliveries and order intake of more than 1.5 GW during the first half of the financial year.

The EPC projects accounted for 38% of the order book, up from 22% in Q1 FY26, in line with the company’s strategy to increase the EPC share to 50% by FY28. Public sector undertaking (PSU) and commercial and industrial (C&I) customers accounted for 78% of the total order book.

The achieved 723 MW commissioning in H1 FY27, reflecting strong execution momentum. This includes projects with Juniper Green Energy, Aditya Birla Renewables Limited, Zelestra, Brookfield Yanara.

“Despite commodity and currency volatility, Suzlon delivered 26% YoY revenue growth to ₹4,869 crore in Q2 FY27, with EBITDA of ₹720 crore, reflecting disciplined execution and operating leverage. We are strengthening our manufacturing and execution capabilities while maintaining focus on margin, cash flow and disciplined capital allocation,” said Rahul Jain, Chief Financial Officer, Suzlon Group.

“Q2 26 included a deferred tax asset creation of ₹ 891 crore; excluding this impact, the underlying year-on-year improvement in profitability is stronger,” Jain added.

Ajay Kapur, CEO of Suzlon Group, said record Q2 deliveries of 710 MW and commissioning of 454 MW reflected stronger execution and were driving revenue growth. He added that H1 order intake exceeded 1.5 GW and the order book stood at over 6 GW, demonstrating the company’s ability to convert demand into deliveries while maintaining a strong pipeline for future growth.

On Thursday, Suzlon Energy shares closed at ₹36.79 apiece on the National Stock Exchange, declining 1.37%.

According to NSE data, as of October 29, 2026, Suzlon Energy has a total market capitalisation of ₹50,573.64 crore.