Suzlon Energy Q3 Results 2026: Profit Jumps 15%, Record 617 MW Deliveries Fuel Growth
By Kaushik. 06, February 2026.
Suzlon Energy , India’s Leading manufacturing company of renewable energy player, announced its Q3 FY25–26 results on February 5, 2026. The company reported a significant surge in revenue and operational performance, driven by its highest-ever quarterly turbine deliveries. Despite the strong numbers, the stock experienced volatility as investors weighed sequential profit trends and market expectations.
Q3 FY26: Profit, Revenue & Growth Highlights
The third quarter ending December 31, 2025, showcased Suzlon’s scale-up in execution. Below is a breakdown of the consolidated performance
Metric Q3 FY26 (Current) Q3 FY25 (YoY) Change (%)
Total Revenue ₹4,228.18 Cr ₹2,968.81 Cr +42.4%
Net Profit (PAT) ₹445.28 Cr ₹387.76 Cr +14.8%
EBITDA ₹739 Cr ₹500 Cr +47.8%
EBITDA Margin 17.5% 16.8% +70 bps
Deliveries (MW) 617 MW 447 MW +38.0%
Unprecedented Operational Performance
The standout feature of this quarter was the 617 MW of wind turbine deliveries—the highest the company has achieved in any single quarter over its 30-year history.
Order Book Strength: Even after record deliveries, the closing order book stood at a robust 6.4 GW.
Segment Performance: The Wind Turbine Generator (WTG) division remains the primary revenue driver, while the Operations & Maintenance (O&M) segment continues to provide stable, high-margin income from a 15.5+ GW installed base.
The S144 Advantage: The S144 wind turbine model now dominates the order book, making up nearly 89% of current orders, proving its market acceptance for high-performance wind sites.
Latest Updates & the Suzlon 2.0 Growth Plan
The management, led by CEO JP Chalasani, unveiled the Suzlon 2.0 vision during the earnings call. This strategy focuses on evolving from a wind-only player to a holistic clean energy solutions provider.
Project Development Pipeline: Suzlon currently sits on a project development pipeline exceeding 25 GW, which serves as a long-term feeder for future orders.
Budget 2026 Impact: Recent policy shifts in the 2026 Union Budget, including a ₹12.2 lakh crore capex push for infrastructure, are expected to benefit the renewable sector by improving grid evacuation and reducing logistics costs.
EPC Expansion: The company is strategically increasing its share in the EPC (Engineering, Procurement, and Construction) business, aiming for 50% by 2028 to gain better control over project timelines.
Market Response
Interestingly, the share price fell by over 5.5% following the results, hitting approximately ₹47 on the NSE. Analysts attribute this “sell-on-news” reaction to:
Sequential Decline: While YoY profit was up 15%, the PAT fell significantly compared to the exceptional ₹1,279 crore reported in Q2 FY26 (which was boosted by one-time tax items).
Margin Pressure: Investors noted a rise in raw material and employee costs as the company scales up production.
Profit Booking: The stock has been under pressure since its May 2025 peak, and traders used the results as an exit point despite the long-term “Buy” ratings from firms like Motilal Oswal (targeting ₹74).
Conclusion
Suzlon Energy’s Q3 2026 results reflect a company in a strong execution phase. With a record order book and a clear roadmap for hybrid energy solutions (Wind + Solar + Storage), the fundamentals appear solid despite short-term stock price volatility.
Disclaimer :
This blog does not provide financial, investment, or trading advice. All content is for educational and informational purposes only. Please consult a certified financial advisor before making any investment decisions. The author will not be responsible for any financial losses incurred
