Suzlon Energy reported a 69% year-on-year drop in net profit for the second quarter of fiscal year 2027, even as its revenue from operations increased by 26% to ₹4,875 crore. The company’s order book surpassed 6 gigawatts (GW), reflecting strong demand and execution in the renewable energy sector.
- Net profit declined 69% year-on-year in Q2 FY27.
- Revenue from operations rose 26% to ₹4,875 crore.
- Order book exceeded 6 GW with record deliveries in H1 FY27.
- EBITDA slightly decreased to ₹719 crore; margin contracted to 14.7%.
- EPC projects now represent 38% of the order book, aiming for 50% by FY28.
What were Suzlon Energy's key financial results in Q2 FY27?
In the July to September period of FY27, Suzlon Energy’s revenue from operations increased by 26% to ₹4,875 crore compared to ₹3,871 crore in the same quarter last year. However, the company’s net profit dropped sharply by 69% year-on-year. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) slightly decreased to ₹719 crore from ₹721 crore in Q2 FY26. The EBITDA margin contracted from 18.6% to 14.7%, indicating tighter profitability despite higher revenue.
How did Suzlon Energy perform operationally in the first half of FY27?
Suzlon Energy achieved record deliveries and order intake in the first half of FY27. The company commissioned 723 megawatts (MW) of projects, including collaborations with Juniper Green Energy, Aditya Birla Renewables Limited, Zelestra, and Brookfield Yanara. The order intake exceeded 1.5 GW, and the total order book grew to over 6 GW. This strong execution momentum reflects Suzlon’s ability to convert demand into actual deliveries.
What is the significance of the EPC projects in Suzlon's order book?
Engineering, Procurement, and Construction (EPC) projects now make up 38% of Suzlon’s order book, up from 22% in Q1 FY26. The company aims to increase the EPC share to 50% by FY28. This shift aligns with Suzlon’s strategy to strengthen its manufacturing and execution capabilities. Public sector undertakings and commercial and industrial customers account for 78% of the total order book, highlighting diverse demand sources.
What insights did Suzlon's leadership provide about the quarter?
Rahul Jain, Chief Financial Officer of Suzlon Group, emphasized disciplined execution and operating leverage despite commodity and currency volatility. He noted that excluding a deferred tax asset of ₹891 crore in Q2 FY26, the underlying profitability improvement is stronger. Ajay Kapur, CEO, highlighted record deliveries of 710 MW in Q2 and commissioning of 454 MW, which contributed to revenue growth. He also pointed out the strong order intake and pipeline for future growth.
How did the market respond to Suzlon Energy's Q2 FY27 results?
On October 29, 2026, Suzlon Energy shares closed at ₹36.79 on the National Stock Exchange, down 1.37%. The company’s market capitalization stood at ₹50,573.64 crore, reflecting investor sentiment amid mixed financial results.
Frequently Asked Questions
Q: Why did Suzlon Energy's net profit drop despite higher revenue?
A: The net profit decline was influenced by factors such as reduced EBITDA margin and possible one-time adjustments, including deferred tax impacts, which affected overall profitability.
Q: What is Suzlon Energy's strategy regarding EPC projects?
A: Suzlon aims to increase the share of EPC projects in its order book to 50% by FY28 to enhance manufacturing and execution capabilities.
Q: How significant is Suzlon's order book exceeding 6 GW?
A: An order book over 6 GW indicates strong demand and a healthy pipeline for future renewable energy projects, supporting the company’s growth prospects.
