Suzlon Energy Reports Sixfold Jump in Q2 Profit to ₹1,279 Crore, Backed by Strong Project Execution and Tax Gains
The renewable energy company posted its highest quarterly profit in decades, boosted by strong turbine deliveries and the recognition of deferred tax assets.
Suzlon Energy witnessed a stellar performance in the second quarter of FY26, with the consolidated net profit rising six times year-on-year to ₹1,279 crore, against ₹201 crore in the corresponding quarter last year. The sharp rise in profitability was primarily supported by recognition of deferred tax assets amounting to ₹717 crore and strong operational execution.
The company’s revenue from operations jumped 85% to ₹3,866 crore, on the back of a surge in wind turbine deliveries-565 MW this quarter against 256 MW in Q2 FY25. This is one of the best quarterly performances over the recent years for Suzlon, driven by strong demand for renewable energy projects and timely execution of projects.
Operating profit also grew remarkably, with EBITDA more than doubling to ₹721 crore from ₹294 crore a year ago. EBITDA margins came in at 18.6%, a reflection of the company’s operational efficiency amidst higher input costs.
Suzlon’s overall expenses rose to ₹3,334.8 crore from ₹1,919.7 crore a year ago, mainly due to the higher cost of raw materials and projects. However, strong revenue growth and tax benefits compensated for the rise in expenses, boosting profitability.
As of September 2025, Suzlon had an order book in excess of 6.2 GW, with over 2 GW of fresh orders in the first half of FY26 contributing to this pipeline. A strong pipeline, therefore, provides healthy visibility for the company’s future growth.
Outlook:
Suzlon’s performance suggests that the India wind energy sector is sustaining strong momentum, with supportive government incentives and increasing targets for renewable capacity. The quarterly profit, its biggest in nearly 30 years, positions the company well for prolonged growth. While continued execution and cost control are important, a strong order book, improving margins, and the recognition of tax assets suggest that Suzlon is in a phase of renewed stability and expansion.
