Suzlon Energy has delivered another strong quarter, leaving investors delighted and analysts impressed. The renewable energy major on Tuesday reported a 539% year-on-year (YoY) jump in net profit to ₹1,279.44 crore for the July–September quarter (Q2 FY26), compared to ₹200.20 crore in the same quarter last year. The company’s stock reacted positively, trading at ₹61.2 on the BSE after the results were announced — reflecting strong market confidence in Suzlon’s consistent turnaround story.
The company’s performance signals a remarkable comeback for one of India’s oldest wind energy pioneers, which has not only overcome its past debt challenges but is now steering the country’s clean energy ambitions forward with robust growth, improved margins, and a record order book.
Revenue Rises 85% as Demand for Wind Projects Grows
Suzlon Energy’s revenue from operations surged by 84.69% to ₹3,865.54 crore in Q2 FY26, compared to ₹2,092.99 crore in Q2 FY25. This growth was primarily driven by strong deliveries and higher execution volumes, reflecting India’s increasing shift toward renewable power generation.
The company’s EBITDA (earnings before interest, tax, depreciation, and amortisation) rose sharply by 145% YoY to ₹721 crore, while the EBITDA margin expanded to 18.6% from 14.1% in the year-ago quarter. This improvement shows that Suzlon is not only scaling up revenue but also managing its costs effectively, which is vital in the capital-intensive renewable energy sector.
Record Order Book of 6.2 GW – The Strongest Ever in Suzlon’s History
Suzlon’s management highlighted that it now has a record domestic order book of 6.2 gigawatts (GW) — the highest ever in its history. This gives the company a clear roadmap for sustained growth over the next few quarters.
The massive order pipeline is a result of India’s ambitious renewable energy targets and the government’s strong push for hybrid, round-the-clock (RTC), and firm dispatchable renewable energy (FDRE) projects.
With wind energy regaining momentum after years of policy changes and tariff fluctuations, Suzlon’s expertise in turbine manufacturing and project execution has positioned it perfectly to capture this opportunity.
Strong Financial Health: Net Cash at ₹1,480 Crore
Suzlon’s financial position has also improved significantly. The company ended Q2 FY26 with net cash of ₹1,480 crore, providing it with solid flexibility to fund new projects, expand capacity, and invest in research and development.
This strong balance sheet marks a dramatic turnaround for Suzlon, which a few years ago was burdened with heavy debt. The transformation has been driven by better operational discipline, focus on core businesses, and growing investor confidence in India’s renewable future.
Management Speaks: Building a Future-Ready Suzlon
Girish Tanti, Vice-Chairman of Suzlon Group, expressed pride in the company’s consistent performance and strategic direction.
He said,
“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. We’ve been entrusted with a record 6.2 GW order book by our customers. Our strategy of decoupling project development and project execution will drive execution volumes significantly. With long-term visibility of 400 GW wind capacity by 2047, I’m confident we’ll continue leading the market.”
This statement underlines Suzlon’s intent to not only dominate the domestic market but also evolve into a global green energy leader in the next decade.
India’s Wind Energy Vision: Suzlon at the Heart of the Transition
India is one of the fastest-growing renewable energy markets in the world. The country aims to achieve 500 GW of renewable energy capacity by 2030, of which 122 GW is expected to come from wind power.
Suzlon’s presence and expertise in the wind segment put it at the center of this transformation. The company is expected to play a major role in hybrid energy setups — where wind and solar are combined to deliver stable, round-the-clock power.
The commercial and industrial (C&I) segment is also driving strong demand, with industries increasingly turning to clean energy to cut costs and meet sustainability goals. Suzlon estimates that the C&I sector alone will need about 100 GW of renewable power by 2030, opening vast opportunities for expansion.
How Suzlon Turned Around: From Debt-Laden Past to Profitable Growth
Suzlon’s revival story is nothing short of inspiring. Once burdened by debt and operational challenges, the company underwent a massive restructuring, focusing on core wind energy operations and efficient cost management.
In the last few years, Suzlon:
- Repaid a significant portion of its debt
- Strengthened its balance sheet
- Improved turbine technology and manufacturing efficiency
- Rebuilt customer trust through consistent execution
The company’s new growth strategy emphasizes “asset-light expansion”, where it focuses on supplying turbines and services rather than owning wind farms. This model ensures better profitability and lower risk exposure.
Stock Market Reaction: Investors Show Confidence
Following the results, Suzlon Energy’s shares rose 1.7% to ₹60.25 on the BSE and later traded around ₹61.2. Investors and analysts view these numbers as a sign of long-term strength and stability.
The market sentiment around renewable stocks has been upbeat, driven by strong government policies, rising corporate investments in sustainability, and growing investor preference for clean energy companies.
Suzlon’s improving margins and robust order visibility make it one of the most closely watched renewable energy stocks in India. The company’s return to profitability and consistent performance across quarters have earned it a reputation as one of India’s most successful turnaround stories.
Suzlon’s Roadmap: Focus on Innovation, Execution, and Sustainability
Looking ahead, Suzlon aims to strengthen its position through:
- Technological Innovation – Developing more efficient, high-capacity wind turbines suitable for diverse Indian terrains.
- Execution Efficiency – Streamlining project timelines to deliver faster and more cost-effective installations.
- Sustainability Initiatives – Reducing carbon footprint in manufacturing and promoting circular economy practices.
- Customer-Centric Approach – Offering end-to-end renewable solutions, from project planning and installation to asset management.
With the government’s Production Linked Incentive (PLI) scheme for renewable components and favorable regulatory support, Suzlon is expected to accelerate its growth in both domestic and export markets.
India’s Renewable Future: A Billion-Dollar Opportunity
The renewable energy industry is witnessing explosive growth in India.
With increasing awareness about climate change, energy security, and sustainability, both public and private sectors are pouring investments into green power.
Wind energy, which once lagged behind solar in recent years, is now making a strong comeback — thanks to hybrid projects, storage technology, and policy reforms. Suzlon’s deep experience, manufacturing base, and technological edge give it a clear advantage in capturing this next wave of demand.
Promoter Shareholding and Company Overview
As of September 2025, Suzlon’s promoters held 11.73% stake in the company.
Suzlon Energy is a leading renewable energy solutions provider engaged primarily in wind turbine manufacturing, installation, project planning, and maintenance services. It also offers solar energy solutions and has a strong service network across India.
Final Thoughts
Suzlon Energy’s Q2 FY26 results mark another milestone in the company’s transformation story. A 539% rise in profit and 85% revenue growth show that the company’s strategy is working well and that India’s renewable energy future looks brighter than ever.
With a record order book, strong balance sheet, and renewed market trust, Suzlon is not just bouncing back — it’s leading the clean energy revolution.
As India races toward its 2030 renewable goals, companies like Suzlon are proving that sustainable growth and profitability can indeed go hand in hand.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors are advised to consult with a financial expert before making any investment decisions.