Suzlon Energy announced a nearly 6% decline in net profit for the first quarter of fiscal year 27, reaching INR 305 crore. This occurred amid logistical disruptions caused by the geopolitical situation, as well as investments and changes in project structure.
Quarterly Financial Performance
Net profit in the same period last year was INR 324 crore. Nevertheless, the company's total revenue increased to INR 3,819 crore compared to INR 3,117 crore. Rahul Jain, CFO of Suzlon Group, noted the strong revenue figures, which grew by 23% year-on-year, reflecting successful project execution and healthy performance.
Strategy and Operational Achievements
He added that EBITDA and PAT margins were in line with current trends, considering temporary logistical issues related to the geopolitical situation, as well as specific strategic investments and changes in segment and scope of work. Girish Tanti, Vice President of Suzlon Group, emphasized that the company is undergoing a 'Suzlon 2.0' transformation, which includes creating four strategic growth engines with renewable energy solutions, strengthening technologies, and focusing on long-term customer partnerships.
Orders and Capacity Expansion
During the quarter, the company registered record deliveries of 506 MW, which is 14% more than the previous year. A commissioning milestone of 269 MW was also achieved, and work on the large NTPC project in Gujarat (1.2 GW) is progressing successfully. The quarter saw a record number of orders—1 GW—including two major EPC orders from Tata Power and Waaree Group. The total order book reached 6.1 GW, with 84% of these orders coming from Public Sector Undertakings (PSU) and Commercial & Industrial (C&I) sectors.
Changes in Operations
The company's EPC (Engineering, Procurement, Construction) share increased from 22% in Q1 FY26 to 32% in line with the market strategy. Furthermore, Suzlon doubled the capacity of its rotor blade manufacturing plant in Jaisalmer, increasing it from 630 MW to 1,260 MW by adding two production lines. The expanded facility covers an area of 30 acres and will employ over 1,200 people, capable of producing rotor blades for S144 and S175 models.
