Suzlon Reports Strong Q1 FY27 Results with 23% Revenue Growth, Record Q1 Deliveries, and Robust 6.1 GW Order Book

Pune : Suzlon Energy Limited, one of India’s leading renewable energy solutions providers, has reported a strong start to Financial Year 2026–27 (FY27), posting 23% year-on-year growth in revenue and achieving its highest-ever first-quarter wind turbine deliveries. The company also strengthened its future growth outlook with an order book of approximately 6.1 GW, reflecting sustained demand for its wind energy solutions.

The unaudited consolidated financial results for the quarter ended June 30, 2026, highlight Suzlon’s continued focus on operational execution, technological innovation, manufacturing expansion, and sustainable growth.

Financial Performance

Suzlon reported Revenue from Operations of ₹3,819 crore, compared with ₹3,117 crore in Q1 FY26, representing a 23% increase.

Other key financial highlights include:

While revenue recorded strong growth, profitability was impacted by temporary logistics disruptions, strategic investments, and changes in project scope and business segment mix, according to the company’s management.

Record Operational Performance

Suzlon achieved its highest-ever Q1 deliveries, completing 506 MW of wind turbine deliveries during the quarter, representing a 14% increase over the same period last year.

The company also:

• More than doubled commissioning to 269 MW.
• Secured nearly 1 GW of fresh orders.
• Won major Engineering, Procurement and Construction (EPC) contracts from Tata Power and the Waaree Group.

These achievements demonstrate the company’s improving execution capabilities amid growing demand for renewable energy infrastructure.

Robust Order Book

Suzlon’s order book now stands at approximately 6.1 GW, providing strong revenue visibility for the coming years.

Key highlights include:

• 84% of the order book comes from Public Sector Undertakings (PSUs) and Commercial & Industrial (C&I) customers.
• The EPC business now contributes 32% of the order mix, compared with 22% a year earlier.
• Continued strong demand for the company’s S144 (3.x MW) wind turbine platform.

Launch of the New S175 (5 MW) Platform

During the quarter, Suzlon officially introduced its advanced S175 (5 MW) wind turbine platform in both India and Europe.

The company has already secured its first commercial order in India for the new platform, reflecting positive market acceptance.

The S175 has been designed to support Future-Ready Dispatchable Renewable Energy (FDRE) projects and is expected to play an important role in India’s evolving renewable energy landscape.

Suzlon 2.0: A New Growth Strategy

Suzlon also formally unveiled its long-term transformation strategy, “Suzlon 2.0,” built around four strategic growth pillars:

• RE Tech – Wind, Solar, and Energy Storage Technologies.
• RE DevCo – Renewable Energy Development.
• RE Projects – EPC and Project Execution.
• RE Asset Management Services (RE AMS) – Operations and Asset Management.

The strategy is designed to diversify revenue streams while strengthening Suzlon’s leadership across the renewable energy value chain.

Business Segment Performance

Manufacturing Expansion

Suzlon significantly expanded its manufacturing capabilities by doubling the capacity of its Jaisalmer rotor blade manufacturing facility from 630 MW to 1,260 MW.

The 30-acre facility, employing over 1,200 people, can now manufacture blades for both the S144 and S175 turbine platforms.

International Expansion

The Board of Directors approved the incorporation of a wholly owned subsidiary in Singapore, which will support Suzlon’s international expansion in:

• Wind energy
• Operations & Maintenance Services (OMS)
• Overseas renewable energy opportunities

Strong ESG and Sustainability Recognition

Suzlon continued to strengthen its global sustainability credentials by achieving several notable milestones:

• Became the only Indian company included in the S&P Global Sustainability Yearbook 2026.
• All 12 manufacturing facilities received Platinum-level Zero Waste to Landfill and Single-Use Plastic-Free certifications.
• Earned ISO 20400:2017 Sustainable Procurement Certification.
• Received an “Excellent” ESG rating from ESGRisk.ai, the highest in the Electrical Equipment sector.
• Won multiple Global ESG Awards 2026, including two Diamond Awards, one Platinum Award, and one Gold Award.
• Received the Legal Team of the Year – Mid Size award at the Legal Era Indian Legal Awards 2026.

Additionally, Anjali Byce joined Suzlon as the new Group Chief Human Resource Officer (CHRO), bringing nearly three decades of leadership experience from organizations including Tata Motors, Sterlite, SKF, Thermax, and Cummins.

Management Commentary

Girish Tanti, Vice Chairman, said:

“Suzlon is stronger than ever, and we’re investing confidently in the future through Suzlon 2.0. Our technology platforms are gaining momentum, customer partnerships continue to strengthen, and the successful launch of the S175 reinforces our commitment to innovation and long-term growth.“

Ajay Kapur, Chief Executive Officer (CEO), added:

“We began FY27 with disciplined execution across every business segment. Record first-quarter deliveries, significantly higher commissioning, and the commercial launch of the FDRE-ready S175 position us strongly to meet increasing renewable energy demand.“

Rahul Jain, Chief Financial Officer (CFO), explained:

“The company’s strong revenue growth was supported by healthy operational execution. Margins were temporarily affected by geopolitical logistics disruptions, strategic investments, and changes in project mix, but the long-term business outlook remains positive.“

Upcoming Annual General Meeting

Suzlon’s 31st Annual General Meeting (AGM) will be held on September 11, 2026, through video conferencing.

The company’s register of members and share transfer books will remain closed from September 5 to September 11, 2026 (both days inclusive).

International Perspective

Commenting on Suzlon’s quarterly performance, Michael Anderson, an American renewable energy market analyst, said:

“Suzlon’s record first-quarter deliveries and expanding order book demonstrate strong execution capabilities in a rapidly growing renewable energy market. Continued investment in technology, manufacturing capacity, and international expansion positions the company well for long-term growth.“

Meanwhile, Jennifer Roberts, a U.S.-based clean energy investment strategist, observed:

“The launch of the S175 platform, expansion of EPC operations, and strong ESG credentials indicate that Suzlon is evolving beyond a traditional turbine manufacturer into a diversified renewable energy solutions provider. Its healthy order pipeline provides encouraging visibility for future growth.“

Key Highlights

• Revenue from Operations increased 23% year-on-year to ₹3,819 crore.
• Suzlon achieved record Q1 deliveries of 506 MW, the highest in the company’s history for a first quarter.
• Commissioning more than doubled to 269 MW.
• The company’s order book expanded to approximately 6.1 GW, with 84% coming from PSU and Commercial & Industrial (C&I) customers.
• Suzlon secured nearly 1 GW of new orders, including major projects from Tata Power, Sunsure Energy, and the Waaree Group.
• The company launched its new S175 (5 MW) wind turbine platform in India and Europe, securing its first Indian order.
• Manufacturing capacity at the Jaisalmer rotor blade facility doubled to 1,260 MW.
• Suzlon unveiled its long-term “Suzlon 2.0” strategy centered on RE Tech, RE DevCo, RE Projects, and RE Asset Management Services.
• The Board approved the establishment of a wholly owned subsidiary in Singapore to support international expansion.
• Suzlon strengthened its global sustainability leadership through multiple ESG recognitions, while remaining the only Indian company featured in the S&P Global Sustainability Yearbook 2026.