Suzlon Q2 Revenue Grows 26 percent YoY on Record Deliveries

Pune, Oct 29: Suzlon Group, a wind-first, full-stack renewable energy solutions provider, announced its second quarter results (Q2 FY27).

Girish Tanti, Vice Chairman and Co-founder, Suzlon Group, said, “Our Suzlon 2.0 strategy is turning our wind leadership into a full-stack renewable energy solutions business, delivering record throughput and execution at scale. Our 1.1+ GW of DevCo-led orders show how fast we are accelerating project execution and capacity addition, driving India toward its 100 GW wind energy ambition by 2030. And, as we cross 22 GW of installed wind capacity globally, Suzlon stands among the world’s largest wind energy players.”

Ajay Kapur, Chief Executive Officer, Suzlon Group, said, “Our record Q2 deliveries of 710 MW and strong commissioning of 454 MW reflect stronger execution and are driving revenue growth. With H1 order intake exceeding 1.5+ GW and an order book of 6+ GW, we are demonstrating our ability to convert demand into deliveries, while sustaining a strong pipeline for future growth. The rising EPC to 38% share further reflects our expanding role in end-to-end project execution.”

Rahul Jain, Chief Financial Officer, Suzlon Group, said, "Despite commodity and currency volatility, Suzlon delivered 26% YoY revenue growth to ₹4,869 crores in Q2 FY27, with EBITDA of ₹720 crores, reflecting disciplined execution and operating leverage. We are strengthening our manufacturing and execution capabilities while maintaining focus on margin, cash flow and disciplined capital allocation. Q2 FY26 included a deferred tax asset creation of ₹891 crores; excluding this impact, the underlying year-on-year improvement in profitability is stronger."

Suzlon Group Q2 FY27 snapshot (Consolidated)

(₹ Crores)

Particulars	Q2 FY27 Unaudited	Q1 FY27 Unaudited	Q2 FY26 Comparable*	Q2FY26 Unaudited
Net Deliveries (MW)	710	506	565	565
Revenue from operations	4,869	3,819	3,866	3,866
EBITDA	720	595	721	721
EBITDA Margin	14.8%	15.6%	18.6%	18.6%
Profit Before Tax	518	390	562	562
Net Profit After Tax	394	305	389	1,279

*Deferred Tax Asset creation of ₹891 crores removed from Q2 FY26. Accordingly, the comparable PAT has actually increased 1.3% vis-à-vis calculated drop of 69.7% reflected on the basis of reported numbers, due to a significant amount of DTA creation in Q2 FY26.

Manufacturing

Suzlon has one of India’s largest domestic wind turbine manufacturing capacities, at 4,500 MW, across 15 specialised hubs, including three smart factories in Gujarat, Karnataka, and Tamil Nadu.

Projects

Suzlon achieves 723 MW commissioning in H1 FY27, reflecting strong execution momentum. This includes projects with Juniper Green Energy, Aditya Birla Renewables Limited, Zelestra, Brookfield, and Yanara.

Asset Management Services (AMS)

Suzlon’s RE AMS combines three decades of wind energy expertise with a growing full-stack renewable energy services portfolio. India business manages US$10+ billion in assets, with 16,000+ MW installed, 9,600+ wind turbines, 110+ sites, and 1,900+ customers.

CSR

Suzlon’s CSR initiatives reach 2.33 million+ beneficiaries across 1,200+ villages in eight states and two union territories, supported by 40+ NGO partners. Our “Powering Lives” initiative has impacted 43,000+ people across 140 villages, while nature-positive programmes have restored 55 hectares of grassland and supported biodiversity conservation.  

Awards and Recognitions

·       Suzlon ranked among India’s Top 5 Renewable Energy Companies in the Great Place To Work® survey.

·       Suzlon’s Puducherry plant won the Gold Award at QCFI 2026 and an award for our ESG initiative, Sustainability with Smart Plant.

·       Suzlon won Excellence in Innovation in CSR Practices at the CSR Summit and Awards 2026, benefiting 43,000 people through Suzlon – Powering Lives.

·       Suzlon was named Industry Trendsetter of the Year 2026 (Renewable Energy) at the Brand India Summit for advancing India’s energy independence.