Suzlon Energy Q1 profit slips 6 pc to Rs 305 crore; shares fall nearly 5 pc
Mumbai, July 28
Suzlon Energy Limited on Tuesday reported a nearly 6 per cent year-on-year decline in consolidated net profit to Rs 305 crore for the first quarter of FY27.
It reported a consolidated net profit of Rs 324 crore in the corresponding quarter last fiscal (Q1 FY26), according to its filing.
Following the earnings announcement, shares of the renewable energy company declined nearly 5 per cent to Rs 50.75 on the Bombay Stock Exchange (BSE).
However, revenue from operations increased 22.5 per cent year-on-year to Rs 3,819 crore in the April-June quarter from Rs 3,117 crore a year ago.
Total income rose more than 22 per cent to Rs 3,862.5 crore, while total expenses climbed over 28 per cent to Rs 3,473 crore during the period, as per its filing.
The company's EBITDA stood at Rs 595 crore, marginally lower than Rs 599 crore reported in the year-ago quarter.
EBITDA margin narrowed to 15.6 per cent from 19.2 per cent. Operationally, Suzlon reported its highest-ever first-quarter deliveries of 506 MW, up 14 per cent year-on-year, while project commissioning more than doubled to 269 MW during the quarter.
The company also secured record fresh order additions of around 1 GW, including two major EPC orders from Tata Power and the Waaree Group.
Commenting on the results, Vice Chairman Girish Tanti said the company is leveraging its stronger business position to invest in future growth through Suzlon 2.0, while strengthening technology capabilities and expanding long-term customer partnerships.
"All new growth areas are gaining traction. The S175-5x had a strong debut and the S144-3x orderbook is building significant momentum. During the quarter, we also deepened existing partnerships and formed new ones to accelerate our customers' energy transition journey," Tanti mentioned.
Suzlon's cumulative order book stood at around 6.1 GW at the end of the quarter, with 84 per cent of orders coming from public sector undertakings and the commercial and industrial (C&I) segment.
The share of its Engineering, Procurement and Construction (EPC) business increased to 32 per cent from 22 per cent in the corresponding quarter of the previous fiscal, in line with its market strategy.
— IANS
Reader Comments
Looking at this from a global perspective: EBITDA margin contraction from 19.2% to 15.6% is concerning. Rising expenses outpacing revenue growth by 6% points isn't sustainable. But 269 MW commissioning doubling YoY is impressive. The question is whether Suzlon can maintain operational discipline while scaling. India's wind energy story is compelling, but execution matters.
Finally seeing real traction in wind energy! The S175-5x debut and S144-3x orderbook building momentum means Suzlon is innovating. But 506 MW deliveries being highest ever first quarter — that's the kind of operational news we need more of. Profit dip is a blip, focus on the order pipeline. 84% orders from PSUs and C&I is reassuring for stability. 🇮🇳
The revenue growth is solid but margins are under pressure. Finance costs eating into profits? That's typical for capex-heavy businesses like wind energy. Suzlon 2.0 strategy sounds good on paper, but I've seen too many Indian infrastructure companies talk about transformation and not deliver. Need to see this margin improvement in next quarters to be convinced.
My neighbor invested in Suzlon at Rs 40 last year and is panicking today. Honestly, this is a long-term play. India's renewable energy targets are ambitious — 500 GW by 2030 — and wind is a key part. The 1 GW order addition shows confidence from big players like Tata Power. Short-term profit swings? Ignore them. Keep holding for the energy transition story. 🌬️
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