Suzlon Energy, one of the leading global renewable energy solutions providers, said its Board of Directors will meet on Tuesday, 28 July, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 2026 (Q1FY27).
For the quarter ended March 2026, the company reported a 5.6% year-on-year decline in consolidated net profit to ₹1,114 crore, primarily due to a lower deferred tax benefit. It had posted a consolidated net profit of ₹1,181 crore in the corresponding quarter of the previous year.
The company recorded a deferred tax benefit of ₹284.32 crore during the reporting quarter, significantly lower than the ₹600.75 crore recognised in the year-ago period.
However, revenue from operations rose sharply to ₹5,468 crore in the March quarter from ₹3,774 crore a year earlier.
For the full financial year 2025-26, consolidated net profit increased to ₹3,163 crore from ₹2,072 crore in the previous fiscal. Revenue from operations also climbed to ₹16,679 crore in FY26, compared with ₹10,851 crore in FY25.
Backed by a healthy order book of 5.9 GW, with 66% of the orders coming from the public sector and the commercial & industrial (C&I) segment, the company continues to witness strong demand for its wind energy solutions.
Recent developments
In late June, the company secured its first commercial order for its newly launched S175 (5.0 MW) wind turbine, marking a significant milestone for its next-generation renewable energy portfolio.
The 105 MW order was placed by Sunsure Energy just two weeks after the launch of the S175, making it the debut commercial project for what Suzlon describes as India’s tallest and most powerful wind turbine.
According to the company, the S175 has been developed to support firm and dispatchable renewable power while expanding the addressable market for wind energy projects in India.
Meanwhile, at its recent investor meet, the company outlined plans to transform itself from a wind turbine manufacturer into a full-stack renewable energy (RE) solutions provider, targeting significant expansion across project development, operations and maintenance (O&M) services, solar, battery energy storage systems (BESS), and international markets.
The management also highlighted a structural upcycle in global electricity demand and laid out ambitious FY31 targets, including a revenue CAGR of more than 25%, expansion of its renewable energy order book to 15 GW, growth in annual renewable energy sales to 10 GW, and an increase in assets under management (AUM) to over 70 GW.
Shares drop 10% in July after a bumper rally
Suzlon Energy shares witnessed renewed selling pressure in July, declining 10% so far this month after ending each of the previous four months in the green and delivering a cumulative return of 38%.
The rally provided much-needed relief to shareholders after the stock remained under prolonged correction between May 2025 and February 2026, during which it had declined 45%.
Although the stock has staged a sharp recovery in recent months, it is still trading 38% below its all-time high of ₹86, touched in September 2024.
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