Suzlon Energy Q4 FY26 Results: Revenue Surges 45%, Annual Profit Jumps 53% — Full Analysis

By Kaushik Brahmakshatriya

Published On 25 May 2026.

Suzlon Energy Q4 FY26 Results

India’s leading wind energy company, Suzlon Energy Limited, declared its audited consolidated financial results for Q4 FY26 (January–March 2026) on May 25, 2026. The results paint a picture of strong operational execution and record-breaking deliveries, even as quarterly net profit experienced a modest year-on-year dip due to a lower deferred tax benefit. For investors and followers of India’s renewable energy sector, these numbers carry significant weight.

Suzlon Q4 FY26 Snapshot: Strong Revenue & Profit Growth

Suzlon Energy reported consolidated revenue from operations of ₹5,468.1 crore in Q4 FY26, up 45% from ₹3,773.5 crore in the corresponding quarter a year earlier.

Despite this robust top-line performance, net profit dipped 5.6% to ₹1,114 crore, primarily because the company received a lower deferred tax benefit of ₹284.32 crore versus ₹600.75 crore in Q4 FY25.

However, when viewed on a sequential basis, the growth story is even more impressive. Net profit surged 150% compared to ₹445 crore reported in Q3 FY26, while revenue from operations grew 29% QoQ from ₹4,228 crore.

Suzlon Energy Q4 FY26 vs FY25: Financial Performance Comparison

Metric	Q4 FY26	Q4 FY25	YoY Change
Revenue from Operations	₹5,468 crore	₹3,774 crore	+45%
Total Income	₹5,521 crore	₹3,825 crore	+44%
EBITDA	₹964 crore	₹693 crore	+39%
EBITDA Margin	17.60%	17.10%	+50 bps
Profit Before Tax	₹833 crore	₹551 crore	+51%
Net Profit	₹1,114 crore	₹1,181 crore	-5.6%
Net Cash Position	₹2,384 crore	—	—

FY26 Full-Year Results: Record-Breaking Growth Continues

The quarterly dip in net profit should not overshadow what has been an extraordinary full financial year for Suzlon. For FY26, Suzlon Energy’s consolidated revenue from operations rose 54% to ₹16,679.1 crore from ₹10,851.3 crore in FY25, while net profit for the year increased 53% to ₹3,163.4 crore compared with ₹2,071.6 crore the previous year.

On an annual basis, Suzlon’s EBITDA increased 63% to ₹3,022 crore, with the margin expanding to 18.10% from 17.10% in FY25, and Profit Before Tax jumped 67% to ₹2,422 crore.

Suzlon Energy FY26 vs FY25 — Annual Financial Performance Overview

Metric	FY26	FY25	YoY Change
Revenue from Operations	₹16,679 crore	₹10,851 crore	+54%
EBITDA	₹3,022 crore	₹1,854 crore	+63%
EBITDA Margin	18.10%	17.10%	+100 bps
Profit Before Tax	₹2,422 crore	₹1,447 crore	+67%
Net Profit	₹3,163 crore	₹2,072 crore	+53%
Total Equity	₹9,464 crore	₹6,106 crore	+55%

Record-Breaking Delivery Performance Milestone

Beyond the financial figures, Suzlon’s operational achievements in FY26 stand out strongly. The company achieved its highest-ever annual and quarterly India deliveries at 2,456 MW and 830 MW respectively.

This reflects Suzlon’s growing execution capacity and the accelerating demand for wind energy solutions across India.The company’s flagship S144 platform has gained tremendous traction in the market, securing an order intake of approximately 9 GW since its launch. With a 15.7+ GW installed base and an additional ~6 GW installed globally, Suzlon remains a dominant force in the industry.

The company’s order book stands at a healthy 5.9 GW, with 66% of orders coming from the public sector and the commercial and industrial segment, reflecting continued strong demand for wind energy solutions.

Q4 FY26 Revenue Breakdown by Segment

Suzlon Energy Business Segment Performance — Q4 FY26

Business Segment	Revenue (₹ Crore)	Segment Result (₹ Crore)
Wind Turbine Generator (WTG)	₹4,742	₹594
Operation & Maintenance Services	₹695	₹255
Foundry & Forging (SE Forge)	₹168	₹21

The Wind Turbine Generator division continues to be the primary revenue engine, contributing the lion’s share of total sales. The Operation & Maintenance segment, while smaller in revenue, delivers healthy margins and provides Suzlon with a stable, recurring income stream from its large installed base.

Leadership Insights & Commentary

Girish Tanti, Vice-Chairman of Suzlon Group, stated that the world has entered the age of electricity where energy security is accelerating the shift towards renewables, driven by domestic energy availability. He added that India is witnessing strong peak power demand growth, increasing the strategic importance of wind energy in enabling reliable FDRE solutions.

Rahul Jain, Chief Financial Officer of Suzlon Group, noted that the company delivered 67% growth in Profit Before Tax in FY26 while maintaining a healthy cash position of ₹2,384 crore as of March 31, 2026, providing adequate flexibility to pursue its growth journey with confidence.

Stock Performance

As of May 25, 2026, Suzlon Energy’s share price on the NSE was trading at ₹54.06, up 0.58% from the previous closing price.

The market’s relatively muted reaction reflects that investors were already pricing in strong performance, with the slight YoY dip in quarterly profit being well understood as a tax-related anomaly rather than a fundamental deterioration.

Suzlon Energy Q4 FY26 Results: FAQs & Key Answers

Q1. What was Suzlon Energy’s net profit in Q4 FY26?

Suzlon Energy reported a consolidated net profit of ₹1,114 crore in Q4 FY26. While this was 5.6% lower year-on-year due to a reduced deferred tax credit, it was 150% higher than the ₹445 crore reported in Q3 FY26.

Q2. How much revenue did Suzlon Energy earn in Q4 FY26?

Suzlon Energy’s revenue from operations in Q4 FY26 stood at ₹5,468 crore, a strong 45% increase compared to ₹3,774 crore in Q4 FY25.

Q3. What was Suzlon Energy’s full-year FY26 profit?

For the full financial year FY26, Suzlon Energy’s consolidated net profit rose 53% year-on-year to ₹3,163 crore, compared to ₹2,072 crore in FY25.

Q4. What is Suzlon Energy’s current order book?

As of March 31, 2026, Suzlon Energy’s order book stands at approximately 5.9 GW, with 66% of orders originating from the PSU and commercial & industrial segments.

Q5. What are Suzlon Energy’s highest-ever delivery numbers?

In FY26, Suzlon achieved its highest-ever annual India deliveries of 2,456 MW. In Q4 FY26 alone, the company delivered 830 MW — also a record quarterly figure.

Q6. Why did Suzlon Energy’s Q4 FY26 profit fall despite strong revenue?

The YoY decline in quarterly profit was primarily due to a significantly lower deferred tax benefit in Q4 FY26 (₹284 crore) compared to Q4 FY25 (₹601 crore). Excluding this tax effect, the underlying operational performance was robust, with Profit Before Tax growing 51% year-on-year.

Q7. What is Suzlon Energy’s S144 wind turbine platform?

The S144 is Suzlon’s 3 MW wind turbine platform and has emerged as the dominant product in India’s wind energy market. Since its launch, it has secured approximately 9 GW in order intake, making it one of the most successful turbine platforms in Indian renewable energy history.

Conclusion

Suzlon Energy’s Q4 FY26 results reflect the strength of India’s renewable energy expansion and Suzlon’s central role within it. Record deliveries, a 54% full-year revenue jump, expanding EBITDA margins, and a debt-free balance sheet with ₹2,384 crore in net cash position Suzlon very well for FY27. The minor quarterly profit dip, driven by a technical tax credit reduction, does not dilute the company’s exceptional operational and financial trajectory. With a 5.9 GW order book and the S144 platform dominating India’s wind market, Suzlon’s growth story appears far from over.

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