The renewable energy sector in India is buzzing, and leading the charge is Suzlon Energy. The company has just announced its Q2 FY26 results, sending positive waves across the Indian stock market and exciting green energy stocks investors. With a truly spectacular performance, Suzlon Energy has not only surpassed expectations but also achieved its highest quarterly profit in three decades. This remarkable turnaround underscores the immense potential of wind energy in shaping India’s energy future.
This blog post will delve into the key highlights of Suzlon Energy’s Q2 FY26 performance, analyze the factors driving this unprecedented growth, and provide a comparative look at its past quarterly results, offering insights into its strategic trajectory in the global push for sustainable investments.
Suzlon Energy’s Q2 FY26: A Quarter for the Record Books
Suzlon Energy has reported a phenomenal Q2 FY26 consolidated net profit surging by an astounding 538% year-on-year (YoY) to an impressive ₹1,279 crore. This exceptional figure represents the company’s best quarterly profit in 30 years and was significantly bolstered by the recognition of ₹717 crore in incremental deferred tax assets.
The revenue from operations for the July-September 2025 quarter also witnessed robust revenue growth, jumping 85% YoY to ₹3,866 crore. This substantial increase was primarily fueled by a strong showing in the wind turbine generator (WTG) segment and higher deliveries, indicating robust operational performance. The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) for the quarter reflected this strength, growing by 145% YoY to ₹721 crore. Notably, the EBITDA margin expanded significantly to 18.6% from 14.1% in Q2 FY25, showcasing improved efficiency and cost management. Furthermore, Profit Before Tax (PBT) escalated by 179% YoY to ₹562 crore, further solidifying the strong financial health of the company.
These stellar Q2 results highlight Suzlon’s effective strategy and execution, positioning it as a key player in India’s renewable energy landscape.
Driving Growth: Deliveries, Order Book, and Strategic Position
Beyond the financial figures, Suzlon Energy’s operational achievements in Q2 FY26 are equally impressive. The company recorded its highest-ever Q2 deliveries in India, installing 565 MW of wind energy capacity, marking a significant 121% increase over Q2 FY25. This robust execution capability is critical for meeting India’s escalating green energy demands.
A major indicator of future revenue growth and market confidence is Suzlon’s order book. As of September 30, 2025, the total order book crossed 6 GW, reaching an all-time high of 6.2 GW, with over 2 GW of new orders added in the first half of FY26 alone. This substantial pipeline provides clear visibility for sustained growth and reinforces Suzlon’s leadership in the wind energy projects space. Furthermore, the company reported a strong net cash position of ₹1,480 crore as of September 30, 2025, demonstrating excellent financial flexibility and a significant turnaround from previous debt levels.
Suzlon Energy has firmly reaffirmed its position as India’s largest domestic wind manufacturing company, boasting an impressive capacity of 4.5 GW. This market dominance, coupled with India’s ambitious renewable energy targets of achieving 122 GW of wind capacity by FY32, positions Suzlon for continued sustainable growth. The company is strategically aligned with the evolving landscape of hybrid, Round-The-Clock (RTC), and Firm and Dispatchable Renewable Energy (FDRE) projects, which are set to drive the next wave of wind energy investment in India.
The Journey to Record Performance: A Historical Perspective
To truly appreciate Suzlon Energy’s Q2 FY26 achievements, it’s essential to look at its journey. The path to record-breaking profits has been marked by strategic initiatives and consistent improvement over recent fiscal years.
In Q2 FY25 (July-September 2024), Suzlon had already shown significant progress, with its consolidated net profit nearly doubling, increasing by 96% YoY to ₹200.60 crore. Revenue from operations in Q2 FY25 surged by 48% YoY to ₹2,093 crore, with EBITDA growing by 31% YoY to ₹294 crore. Deliveries stood at a record 256 MW, and the order book reached 5.1 GW, notably including India’s largest wind order from NTPC Green Energy for 1,166 MW.
Going further back to Q2 FY24 (July-September 2023), Suzlon reported a 45% YoY jump in net profit to ₹102 crore. While revenue saw a marginal decline, the company made significant strides in financial health, achieving a net cash position of approximately ₹599 crore by September 2023, a stark improvement from a net debt of ₹1,180 crore in March 2023. This turnaround was largely attributed to a successful Qualified Institutional Placement (QIP). Furthermore, Q2 FY24 saw the dispatch of the first blades for Suzlon’s new 3MW to 3.15MW series (S144) wind turbine technology, customized for Indian conditions and offering enhanced generation capabilities. Even in Q2 FY23, the company demonstrated revenue growth and initiated crucial debt reduction efforts, setting the stage for its current success.
This sustained effort in financial restructuring, technological advancement, and operational efficiency has culminated in the outstanding Q2 FY26 results, signaling a robust and resilient Suzlon Energy poised for continued leadership in the global energy transition.
Suzlon Energy’s Future: Powering India’s Green Ambitions
Suzlon Energy’s Q2 FY26 results are a testament to its strategic vision, operational prowess, and a deep understanding of the renewable energy market. The record-breaking profit and robust revenue growth not only solidify the company’s financial standing but also position it as a critical enabler of India’s ambitious green energy transition. With an all-time high order book and significant manufacturing capacity, Suzlon is well-equipped to capitalize on the increasing domestic demand for wind energy.
For sustainable investment seekers and those keenly watching green energy stocks, Suzlon Energy presents a compelling case. Its strong performance reflects broader trends in the energy sector growth, as nations worldwide commit to reducing carbon footprints and embracing clean energy solutions. As India marches towards its 122 GW wind capacity target by FY32, Suzlon Energy will undoubtedly play a pivotal role, driving both economic value and environmental sustainability. The future looks bright for this renewable energy giant, promising continued innovation and leadership in the quest for a cleaner, greener energy future.
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