Suzlon Energy announced its Q3 FY26 results on February 4, 2026, delivering a strong performance driven by record-breaking wind turbine installations. The quarter ended December 31, 2025, marks one of the company’s best operational phases in decades.
The renewable energy major reported a consolidated net profit of ₹445 crore, up from ₹388 crore year-on-year, supported by a sharp rise in revenues and improved execution efficiency.
💰 Key Financial Highlights
Revenue: ₹4,228 crore (▲ 42% YoY)
Net Profit: ₹445 crore (▲ 15% YoY)
EBITDA: ₹739 crore (▲ 48% YoY)
EBITDA Margin: 17.5% (vs 16.8% last year)
Profit Before Tax: ₹567 crore (▲ 45% YoY)
The growth was fueled by record quarterly deliveries of 617 MW, the highest ever for Suzlon in a single quarter.
🌬️ Operational Performance & Deliveries
Suzlon delivered 1,625 MW in the first nine months of FY26, marking a massive 66% YoY growth. The company currently has:
2.4 GW of projects under execution
6.4 GW active order book — highest in 30 years
25+ GW robust project pipeline
Despite heavy deliveries, the order book continued to grow, highlighting sustained demand for wind energy solutions.
🏦 Balance Sheet & Cash Position
Suzlon closed Q3 FY26 with a strong net cash position of ₹1,556 crore, significantly enhancing financial stability.
9M FY26 Performance:
Revenue: ₹11,211 crore (▲ 58%)
EBITDA: ₹2,058 crore (▲ 77%)
The strengthened balance sheet positions Suzlon well for future expansion and cyclical volatility.
🧠 Management Commentary
CEO JP Chalasani highlighted the company’s execution strength, stating that Suzlon continues to scale deliveries while expanding its order book.
Chairman Girish Tanti reiterated the company’s “Suzlon 2.0” strategy, focusing on:
Project-led growth
Digital transformation
Smart manufacturing
Global clean energy expansion
📊 Market Context & Outlook
The results were approved in the board meeting held on February 5, 2026, following the trading window closure.
With India’s aggressive renewable energy targets and rising demand for clean power, Suzlon’s focus on WTG manufacturing, EPC execution, and O&M services positions it strongly for sustained growth despite sector-wide volatility.
Suzlon’s Q3 FY26 performance reinforces its turnaround story, making it one of the strongest plays in India’s renewable energy space right now. 🌱⚡
