Suzlon Energy Reports 538% Surge in Q2 Profit, Record 6.2 GW Order Book
Suzlon Energy reported impressive Q2 FY26 results with significant year-on-year growth across key metrics. Revenue increased by 85% to ₹3,866.00 Cr, EBITDA grew 145% to ₹721.00 Cr, and PAT surged 538% to ₹1,279.00 Cr, boosted by a ₹718.00 Cr deferred tax gain. The company achieved record Q2 deliveries of 565 MW, up 121% YoY. Suzlon's order book expanded to 6.2 GW, including over 2 GW additions in H1 FY26. The company maintains a strong financial position with a net cash balance of ₹1,480.00 Cr as of September 30, 2025.
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Suzlon Energy , India's leading wind energy solutions provider, has reported a strong performance for the second quarter, marking significant growth across key financial metrics and operational parameters.
Financial Highlights
Suzlon's Q2 results showcase impressive year-on-year growth:
| Metric | Q2 FY26 | Q2 FY25 | YoY Growth |
|---|---|---|---|
| Revenue | ₹3,866.00 Cr | ₹2,093.00 Cr | 85% |
| EBITDA | ₹721.00 Cr | ₹294.00 Cr | 145% |
| PAT | ₹1,279.00 Cr | ₹201.00 Cr | 538% |
| Deliveries | 565 MW | 256 MW | 121% |
The company's profit after tax (PAT) saw a significant increase, boosted by a deferred tax gain of ₹718.00 crore during the quarter.
Operational Achievements
Suzlon achieved its highest-ever Q2 deliveries in India, installing 565 MW of wind energy capacity. This operational success has translated into strong financial performance, with the Wind Turbine Generator (WTG) business maintaining a healthy contribution margin.
Order Book Strength
The company's order book has expanded significantly, crossing the 6 GW mark to reach 6.2 GW. This includes over 2 GW of additions in the first half of FY26, providing a clear revenue outlook for the coming periods.
Market Position and Future Outlook
Girish Tanti, Vice Chairman of Suzlon Group, commented on the company's performance: "Suzlon is building a future-ready organisation focused on sustainable growth, reflected in our consistent performance over the last 11 quarters across PAT, Revenue, and EBITDA."
JP Chalasani, Chief Executive Officer, added: "With a clear focus on our core businesses, fully augmented largest domestic manufacturing capacity, and world-class products designed and made in India, we are best placed in the industry."
Industry Tailwinds
The Indian wind energy sector is poised for significant growth, with projections indicating annual installations to cross 6 GW this year. Government initiatives, including GST reduction on wind turbines from 12% to 5%, are expected to optimize the Levelized Cost of Energy (LCoE) and expand wind penetration.
Financial Position
As of September 30, 2025, Suzlon maintains a strong financial position with a net cash balance of ₹1,480.00 crore, providing financial flexibility for future growth initiatives.
Conclusion
Suzlon Energy's Q2 results demonstrate the company's strong market position and operational efficiency in the rapidly growing Indian wind energy sector. With a record order book, improved financials, and favorable industry tailwinds, Suzlon appears well-positioned to capitalize on the expanding renewable energy market in India.
Investors and industry observers will be watching closely to see if Suzlon can maintain this momentum in the coming quarters, especially as India pushes towards its renewable energy targets.
Historical Stock Returns for Suzlon Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.27% | +6.71% | +10.87% | +5.39% | -9.54% | +1,940.48% |
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