Suzlon Energy Climbs with 538% Profit Surge and Record 6.2 GW Order Book in Q2 FY26

India’s leading wind energy company, Suzlon Energy, reported a stellar financial performance for the second quarter of fiscal year 2026, with a spectacular 538% year-on-year surge in net profit, alongside robust operational growth and a historic order book size.

In Q2 FY26, Suzlon’s net profit soared to ₹1,279 crore from just ₹200 crore in the same quarter last year. This remarkable jump was significantly aided by a deferred tax gain of ₹718 crore, but even excluding this accounting benefit, the profit more than doubled compared to the previous year, demonstrating strong underlying business momentum.

The company's revenue rose sharply by approximately 85% year-on-year to ₹3,866 crore, boosted by higher sales in its core wind turbine generator segment, which alone saw revenue increase to ₹3,241 crore from ₹1,507 crore. Earnings before interest, tax, depreciation, and amortization (EBITDA) more than doubled to ₹721 crore, reflecting a substantial improvement in profitability. Notably, Suzlon’s EBITDA margin expanded by 460 basis points to 18.6%, up from 14% in Q2 FY25, underlining operational efficiencies and better cost management.

Operationally, Suzlon delivered a record 565 megawatts (MW) of wind turbine capacity in the quarter, a 121% jump over last year’s 256 MW, reflecting the strong demand environment. The company’s order book swelled to a historic 6.2 gigawatts (GW), including more than 2 GW added in the first half of FY26, positioning Suzlon strongly for future growth.

Furthermore, other business verticals showed mixed results: revenue from the Foundry & Forgings business increased from ₹83 crore to ₹121 crore, while the Operations and Maintenance (O&M) business revenues remained largely stable, marginally rising from ₹565 crore to ₹575 crore compared to the prior year.

Financially, Suzlon also strengthened its balance sheet with a net cash position of ₹1,480 crore as of September 30, 2025, providing ample liquidity for expansion and new investments.

In response to these strong earnings, Suzlon's stock price initially rallied, reflecting investor enthusiasm, though some profit-taking later trimmed gains with the shares settling slightly up by 0.4%.

Market analysts, including Morgan Stanley, have noted Suzlon’s strong momentum and upgraded their earnings forecasts, viewing these results as a positive signal for the company’s positioning in India’s renewable energy transition.

Overall, Suzlon Energy's Q2 FY26 results underscore its robust financial health, operational scale, and strategic progress as it capitalizes on growing wind energy demand domestically and abroad.