Suzlon Energy Unveils Ambitious Growth Plans for FY '26 and Beyond
Suzlon Energy has announced significant growth projections during a recent concall update. The company aims to commission over 6 GW of power by FY '26, increasing to 7-8 GW by FY '27, and approximately 9 GW annually from FY '28 onwards. Financial projections for FY '26 include a base case CAPEX of 400-450 crore INR, interest costs of 250 crore INR, and depreciation of 350-400 crore INR. The O&M business expects contribution margins in the late 60s and EBITDA margins around 40%. Suzlon targets a 60% growth across key parameters in FY '26 compared to FY '25.

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Suzlon Energy , a leading player in the renewable energy sector, has revealed its ambitious growth projections for the coming years during a recent concall update. The company has set its sights on significant expansion, particularly in power commissioning and financial performance.
Power Commissioning Targets
Suzlon Energy has outlined an aggressive roadmap for power commissioning:
- FY '26: Over 6.00 GW
- FY '27: 7.00-8.00 GW
- FY '28 onwards: Approximately 9.00 GW annually
These targets represent a substantial increase in the company's power generation capacity, signaling a strong commitment to growth in the renewable energy sector.
Financial Projections
The company has provided detailed financial guidance for FY '26:
Financial Metric | Projected Value (INR) |
---|---|
Base Case CAPEX | 400.00-450.00 crores |
Interest Costs | 250.00 crores |
Depreciation | 350.00-400.00 crores |
O&M Business Performance
Suzlon Energy maintains a positive outlook for its Operations and Maintenance (O&M) business:
- Contribution margins: Late 60s
- EBITDA margins: Around 40%
These figures indicate a robust and profitable O&M segment within the company's overall business model.
Growth Expectations
The company has set an ambitious growth target for FY '26, projecting a 60% increase across key parameters compared to FY '25. This aligns with analyst expectations and demonstrates Suzlon's confidence in its business strategy.
While specific growth rates beyond FY '26 were not disclosed, Suzlon Energy expressed optimism about continued growth in the subsequent years.
Management's Perspective
Suzlon Energy's management has shown confidence in meeting these targets, which are in line with analyst expectations. The company's decision to provide detailed guidance for FY '26 while maintaining a positive outlook for future years reflects a strategic approach to long-term planning and transparency with investors.
The renewable energy sector continues to be a focus area for growth, and Suzlon Energy's ambitious plans indicate its intention to capitalize on the increasing demand for clean energy solutions. As the company moves forward with these plans, stakeholders will be keenly watching its execution and performance in the coming years.
Historical Stock Returns for Suzlon Energy
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.77% | +4.36% | -5.60% | +2.86% | +26.96% | +1,279.88% |