Suzlon Group has reported a strong start to the financial year 2026-27, posting a 23% year-on-year increase in revenue for the first quarter (Q1 FY27), driven by record wind turbine deliveries and continued execution across its project portfolio.
The company recorded revenue from operations of Rs 3,819 crore during the quarter, compared to Rs 3,117 crore in Q1 FY26. Net wind turbine deliveries reached 506 MW, marking the company’s highest-ever first-quarter deliveries and representing a 14% year-on-year increase from 444 MW in the corresponding period last year.
Suzlon reported EBITDA of Rs 595 crore, with an EBITDA margin of 15.6%, while profit before tax stood at Rs 390 crore. Net profit after tax was Rs 305 crore, compared to Rs 324 crore in Q1 FY26.
Girish Tanti, Vice Chairman of Suzlon Group, said the company is strengthening its long-term growth strategy through its “Suzlon 2.0” transformation, which focuses on four strategic growth engines, advanced renewable energy solutions, technology enhancement and deeper customer partnerships.
He noted that the company’s newly launched S175-5x wind turbine has received a strong market response, while demand continues to build for the S144-3x platform. Tanti added that Suzlon expanded both existing and new customer partnerships during the quarter to support India’s clean energy transition.
Chief Executive Officer Ajay Kapur said the company delivered its strongest-ever first-quarter operational performance, with 506 MW of deliveries and 269 MW of project commissioning during the quarter. He added that Suzlon has scaled manufacturing of its FDRE-ready S175 wind turbine at its Bhuj facility, positioning the company to meet future market demand.
Commenting on the financial performance, Chief Financial Officer Rahul Jain said revenue growth reflected healthy project execution and deliveries. He added that EBITDA and profit margins were impacted by temporary logistics disruptions arising from geopolitical developments, strategic investments, and changes in project scope and business mix.
Beyond its financial performance, Suzlon announced the expansion of its manufacturing capabilities by doubling the capacity of its Jaisalmer rotor blade facility from 630 MW to 1,260 MW through the addition of two new production lines. Spread across 30 acres, the expanded facility is expected to generate employment for more than 1,200 people and will manufacture rotor blades for both the S144 and S175 wind turbine platforms.
On the execution front, the company highlighted continued progress on its 1.2 GW NTPC wind project in Gujarat, alongside the commissioning of 269 MW during the quarter.
Suzlon also strengthened its leadership team with the appointment of Anjali Byce as Group Chief Human Resource Officer. Bringing nearly three decades of leadership experience across companies including Tata Motors, Sterlite, SKF, Thermax and Cummins, Byce will support the company’s Suzlon 2.0 growth strategy. The company also acknowledged the contributions of outgoing HR leader Rajendra Mehta, who served Suzlon for nearly four years.
