Suzlon Energy Ltd reported a strong performance for the July-September quarter of FY26, with consolidated net profit surging more than six-fold to Rs 1,279 crore from Rs 201 crore a year earlier, aided by both robust operational execution and a significant deferred tax credit. The company recognised incremental deferred tax assets of Rs 717 crore during the quarter, substantially boosting bottom-line profitability.
Revenue from operations jumped 85 percent year-on-year to Rs 3,866 crore, supported by highest-ever Q2 India wind turbine deliveries of 565 MW, sharply higher than 256 MW in the same period last year. EBITDA more than doubled to Rs 721 crore from Rs 294 crore, with EBITDA margin improving to 18.6 percent. Profit before tax also more than doubled to Rs 562.50 crore compared with Rs 201.58 crore a year earlier.
Suzlon stock gained after the Q2 results, and was trading at Rs 60.1 on NSE at 11:15 am, up 1.5 percent from the previous close.
Operating scale-up led to higher costs, with total expenses increasing to Rs 3,334.83 crore versus Rs 1,919.65 crore in the year-ago quarter, reflecting increases in raw-material and project execution costs as well as employee expenses.
The quarter also saw sustained execution momentum, with the company highlighting strong demand traction and what it termed consistent performance across revenue, EBITDA, and PAT over recent periods. Suzlon added that it achieved highest-ever Q2 deliveries and continued to benefit from operating leverage in its wind turbine business.
Order inflow remained healthy, with the order book crossing 6.2 GW at the end of September, including more than 2 GW of additions in the first half of FY26, providing revenue visibility for upcoming quarters. The company reported a consolidated net cash position of Rs 1,480 crore as of September 30, 2025.
As part of employee incentives, the board recorded multiple allotments of equity shares under the ESOP 2022 plan during the quarter across different grant cycles. Suzlon also noted strong domestic wind sector demand, supported by policy measures such as GST reduction on wind turbines to 5 percent and ongoing renewable capacity-expansion initiatives in India.
Source: MoneyControl.com
