Suzlon Energy Limited reports ₹4,908 crore Q2 FY27 revenue

Suzlon Energy Limited reported unaudited Q2 FY27 revenue of ₹4,908.04 crore, a 27.5% year-on-year increase, and net profit of ₹394.15 crore, up 28.7% year-on-year on the stated basis. The board also approved the acquisition of Suzlon Foundation and an investment in OE Business Park Private Limited, alongside revised disclosure practices effective 1 November 2026.

What did Suzlon Energy Limited report for Q2 FY27?

Suzlon Energy Limited said its board approved unaudited standalone and consolidated financial results for the quarter and six months ended 30 September 2026 at its meeting on 29 October 2026. The stated Q2 FY27 revenue was ₹4,908.04 crore, while net profit was ₹394.15 crore.

The supplied quarterly-results summary separately put revenue at ₹4,875.70 crore, up 27.33% sequentially from ₹3,829.09 crore and 25.96% year-on-year. It reported operating profit of ₹719.82 crore, up 20.93% quarter-on-quarter from ₹595.24 crore. Profit before depreciation and tax was ₹629.58 crore, and profit before tax was ₹518.21 crore.

Other reported consolidated figures described revenue from operations as ₹4,869 crore, up 26% year-on-year, and EBITDA as ₹720 crore, compared with ₹721 crore a year earlier. The differing revenue figures are presented in the available disclosures and summaries; they should be read with reference to the relevant standalone or consolidated financial statements.

Suzlon Energy’s renewable-energy business was the principal operating driver. Its renamed Renewable Energy Solutions segment recorded revenue of ₹4,211.56 crore, up 29.96% year-on-year from ₹3,240.56 crore. The company reported record India deliveries of 710 MW during the quarter, compared with 565 MW in the year-earlier period.

Why did reported net profit decline from the previous year?

Reported consolidated net profit attributable to owners declined 69.19% year-on-year to ₹394.15 crore from ₹1,279.44 crore, because the prior-year quarter included a significant deferred-tax benefit. The Q2 FY26 result included a deferred tax credit of ₹718.18 crore arising from a deferred tax asset creation of ₹891 crore.

Excluding that prior-year tax-related impact, Suzlon Energy said comparable net profit increased 1.3% year-on-year, from about ₹389 crore to ₹394 crore. This comparison is important because the reported year-on-year profit movement is affected by a non-operating tax accounting item in the base quarter.

Sequentially, the quarterly-results summary showed net profit rising 29.14% from ₹305.22 crore in the June 2026 quarter. EBITDA rose 21% sequentially from ₹595 crore to ₹720 crore, while the EBITDA margin was reported at 14.8%.

Rahul Jain, Chief Financial Officer of Suzlon Group, said the business delivered 26% year-on-year revenue growth despite commodity and currency volatility, citing disciplined execution and operating leverage. Ajay Kapur, Chief Executive Officer of Suzlon Group, linked revenue growth to record quarterly deliveries and stronger commissioning activity.

What acquisitions and investments did Suzlon Energy Limited approve?

Suzlon Energy Limited approved the acquisition of 100% of Suzlon Foundation’s equity share capital for ₹10 lakh. The board also approved an investment of up to ₹1 crore in OE Business Park Private Limited.

The disclosures identify the approved amounts and entities but do not provide further financial terms, operational rationale, or a completion timetable. Therefore, the immediate disclosed significance is that the board has authorised the transactions, rather than that either transaction has materially changed the company’s reported quarterly operating performance.

The board additionally approved revisions to its fair disclosure practices. These revisions will take effect on 1 November 2026. Fair-disclosure practices govern the handling and communication of material information and are relevant to listed-company transparency.

How did deliveries and the order book support the quarter?

Suzlon Energy delivered 710 MW in India during the September quarter, 26% higher than 565 MW a year earlier. Commissioning rose 196% year-on-year to 454 MW, indicating that both equipment deliveries and project execution contributed to the quarter’s operating activity.

The company’s order book stood at 6,009 MW at the reported period. Consolidated net worth crossed ₹10,000 crore and was stated at ₹10,276.94 crore. These figures provide context for the company’s operating scale and balance-sheet position at the end of the quarter.

The renewable-energy segment’s revenue growth of nearly 30% year-on-year was higher than the revenue growth rates cited for the overall business. At the same time, EBITDA was broadly unchanged from the year-ago quarter, at ₹720 crore versus ₹721 crore, making execution volume and margin management relevant measures alongside revenue.

For investors, the result shows higher delivery volumes and revenue, but also highlights why reported profit needs adjustment for the previous year’s deferred-tax item. The company’s figures point to improved sequential performance, while the year-on-year comparison for net profit is not directly comparable without excluding that exceptional tax effect.

Conclusion

Suzlon Energy Limited’s Q2 FY27 disclosures show revenue growth, record deliveries and higher commissioning, supported by its renewable-energy operations. The reported ₹394.15 crore net profit was lower than the year-ago figure because Q2 FY26 included a large deferred-tax benefit, while the company said comparable profit increased modestly after excluding that impact.

The next disclosed developments to watch are the implementation of revised fair-disclosure practices from 1 November 2026 and progress on the approved acquisition of Suzlon Foundation and investment in OE Business Park Private Limited. Investors will also track deliveries, commissioning, order-book conversion and EBITDA performance in subsequent results.