Suzlon Energy Q2 FY26 Results: Profit Surges 538% YoY, Strong Wind Order-book Fuels Growth

Suzlon Q2 result 2025| Suzlon Energy Q2 FY26| Suzlon profit jump 538 %| wind energy India| Suzlon order book 6.2 GW| Suzlon balance sheet strength| renewable energy earnings India

Date: November 4, 2025
Source: Exchange filing under Regulation 30, Suzlon Energy Ltd.

Suzlon Energy Ltd, India’s leading renewable energy solutions provider, has delivered a blockbuster performance for the quarter ended September 30, 2025 (Q2 FY26).

The company reported a 538 % year-on-year (YoY) jump in net profit to ₹ 1,279 crore, marking its highest quarterly profit in 30 years. Revenue rose sharply by 85 % YoY to ₹ 3,865.5 crore, driven by robust execution in the wind turbine segment and strong order inflows from domestic renewable projects.

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💹 Key Financial Highlights

Metric	Q2 FY26	Q2 FY25	Change (%)
Revenue from operations	₹ 3,865.5 crore	₹ 2,093 crore	+85 %
EBITDA	₹ 721 crore	₹ 295 crore	+145 %
EBITDA Margin	18.6 %	14.1 %	+450 bps
Net Profit (PAT)	₹ 1,279 crore	₹ 200 crore	+538 %
EPS (Basic)	₹ 0.96	₹ 0.15	↑ 6.4 ×
Order book	~6.2 GW	—	—
Net cash position	₹ 1,480 crore	₹ 931 crore	Improved

Note: Profit includes a one-time deferred tax asset write-back of ~₹ 718 crore.

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⚙️ Operational Highlights

• Wind turbine deliveries: All-time-high of ~565 MW in Q2 FY26, the strongest quarterly execution in Suzlon’s history.
• Order-book: Stands at ~6.2 GW, providing clear revenue visibility for the coming fiscal year.
• Domestic focus: Nearly 98 % of order inflow from India, benefiting from the government’s push for hybrid and offshore wind projects.
• Net cash position: Strengthened to ₹ 1,480 crore, reflecting improved balance sheet resilience.

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📈 Drivers Behind the Stellar Performance

1. India’s Wind Energy Push: The government’s renewable target of 500 GW by 2030 continues to open massive opportunities for Suzlon, enabling capacity utilization and order growth.
2. Higher Operating Leverage: Scale-driven cost absorption boosted margins.
3. Deferred Tax Recognition: The recognition of deferred tax assets worth ₹ 718 crore added significantly to reported PAT.
4. Financial Discipline: Debt reduction and interest cost savings enhanced profitability.

Suzlon Q2 result 2025| Suzlon Energy Q2 FY26| Suzlon profit jump 538 %| wind energy India| Suzlon order book 6.2 GW| Suzlon balance sheet strength| renewable energy earnings India

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🧠 Management Commentary

Suzlon’s management highlighted that the company is now fully deleveraged, focused on delivering cost-efficient, high-capacity wind turbines to meet India’s renewable transition needs.

“This quarter’s performance underscores the robustness of our business model and the trust our customers place in us. We remain committed to sustainable growth and technological innovation,” said Tulsi Tanti, Chairman, Suzlon Energy Ltd.

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📊 Market Reaction

Following the results, Suzlon shares jumped nearly 1.7 % on the BSE, closing at ₹ 58.40. Trading volumes spiked amid renewed investor confidence in the renewable energy story.

Analysts noted that the tax write-back boosted reported earnings, but underlying operational profit also remained strong, indicating a healthy execution cycle.

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🔮 Outlook and Investor View

• Sustainability of Profit: While Q2’s PAT benefited from a one-off tax item, core operational growth remains robust, supported by a large order backlog and favorable policy landscape.
• Execution Risk: Timely delivery of large projects remains key, given India’s evolving wind infrastructure and supply-chain dynamics.
• Medium-term Visibility: The 6.2 GW order-book ensures visibility for the next 4–6 quarters.
• Sector Tailwind: With India aggressively targeting clean energy, Suzlon stands to gain from the next leg of renewable investments.

For retail investors, Suzlon remains a long-term renewable energy play, though near-term valuation may already reflect optimistic expectations.

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🧾 Quick Summary (For Readers)

✅ Revenue up 85 % YoY
✅ PAT up 538 % YoY
✅ Record ₹ 1,279 crore profit
✅ 6.2 GW order-book ensures future growth
✅ ₹ 1,480 crore net cash — debt-free balance sheet
✅ Backed by India’s wind power expansion drive

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🏛️ Regulation 30 Disclosure

The company confirmed the publication of its Q2 FY26 financial results along with a presentation to analysts and investors on the same day. The results were reviewed and approved by the Board of Directors in their meeting dated November 4, 2025.

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💬 Market Insight

Suzlon’s recovery story continues to impress. From a debt-ridden entity a few years ago, it has now transformed into a profitable and cash-positive renewable powerhouse. The strong delivery momentum, backed by policy support and the company’s focus on local manufacturing, positions it well in India’s renewable revolution.

However, experts caution that execution delays or policy shifts could still affect margins in FY26–FY27.

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🪙 Analyst & Retail Takeaway

“With a cleaner balance sheet and record execution, Suzlon is entering a new growth cycle. But investors should adjust expectations considering one-time tax gains,” analysts said.

For traders and investors:

• Short-term outlook: Positive bias, potential resistance around ₹ 60–62 levels.
• Medium-term outlook: Bullish, target ₹ 70+ provided strong order execution continues.

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by Mirae Asset (m,Stock)