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Suzlon Group has announced the launch of Suzlon 2.0, a comprehensive business transformation strategy aimed at repositioning the company as a full-stack clean energy solutions provider across wind, solar, energy storage, and emerging clean technologies.
Girish Tanti, Vice Chairman, Suzlon Group, said the strategy is designed to expand Suzlon’s integrated solutions portfolio and strengthen its role in India’s clean energy transition. “Suzlon 2.0 broadens our scope across wind, solar, storage, and emerging clean energy technologies, enabling us to offer integrated solutions. Key priorities include launching DevCo as a standalone FDRE project development vertical, transforming OMS into a digital-first platform, setting up smart manufacturing facilities, and leveraging global growth opportunities,” he said, adding that the company’s recognition among the world’s top 10 most sustainable companies reflects the success of this strategic direction.
JP Chalasani, Chief Executive Officer, Suzlon Group, highlighted robust business momentum, supported by a closing order book of 6.4 GW, which exceeded the opening order book for the quarter despite record deliveries. “This reflects the demand for our solutions and the strength of our execution. Our balanced EPC strategy, targeting a 50% share of the EPC business by 2028, is progressing steadily, with the EPC share rising from 20% to 27% this quarter. Our 25+ GW project development pipeline further strengthens our long-term growth outlook,” he said.
Rahul Jain, Chief Financial Officer, Suzlon Group, said Q3 FY26 marked a significant milestone, driven by the company’s highest-ever quarterly deliveries of 617 MW in India. “This resulted in strong growth across all financial metrics. In the first nine months, we achieved a 66% increase in deliveries and a 77% rise in EBITDA, underscoring the effectiveness of our integrated business model and disciplined execution. With rising C&I demand and growing traction for FDRE tenders, our accelerated execution ramp-up is translating into robust operating performance,” he said.
Strong Financial Performance in Q3 FY26
On a consolidated basis, Suzlon reported net volumes of 617 MW in Q3 FY26, compared to 447 MW in Q3 FY25 and 565 MW in Q2 FY26. Revenue from operations stood at ₹4,228 crore, up from ₹2,969 crore in the year-ago quarter. EBITDA increased to ₹739 crore, with an EBITDA margin of 17.5%.
Profit before tax rose to ₹567 crore, while net profit after tax stood at ₹445 crore. For the first nine months of FY26, Suzlon recorded revenues of ₹10,851 crore, EBITDA of ₹1,857 crore, and net profit after tax of ₹2,072 crore, reflecting strong operational and financial momentum.
Policy Tailwinds and Strategic Outlook
Suzlon said recent policy initiatives, including the National Energy Policy (NEP) 2026 and the Union Budget 2026, are expected to accelerate India’s clean energy transition. Key measures such as reduced duties on critical wind components, inclusion of wind under the national manufacturing mandate, higher grid capex, storage manufacturing incentives, and clearance of legacy generation-based incentive (GBI) dues are set to enhance grid readiness, improve project bankability, and boost domestic manufacturing.
