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Informist, Tuesday, Aug. 12, 2025

--Suzlon Energy: Net interest costs seen INR 2.00 bln for FY26 

--CONTEXT: Comments by Suzlon Energy mgmt at post-earnings analyst concall 

--Suzlon Energy: Order book not an issue for 2 yrs 

By J. Navya Sruthi and Sagar Sen

MUMBAI/NEW DELHI – Suzlon Energy Ltd. expects orders inflow to continue going forward, the company's management said in a post-earnings analyst conference call on Tuesday. The management does not see an issue with the order book for the next couple of years. "We don't see any slowdown in the order inflows. There is a very active pipeline that our team is in advanced stages of negotiation," the management said.

The operations and maintenance services division is expected to deliver close to 40% earnings before interest, tax, depreciation, and amortisation margin. However, it may vary from a tight range of 39-41%, depending on quarter to quarter, the management said. "But going forward, you know, on the overall break-even analysis for the WTG (wind turbine generator) division, as we've maintained, at about 700 to 750 megawatts, so long as we do, we will be break-even at the EBITDA level, and we will ensure that the manpower costs or other operational costs are kept under control of it back," it said

The company's management expects the net interest cost to rise to INR 2.00 billion in 2025-26 (Apr-Mar). The wind turbine manufacturer's consolidated revenue grew nearly 55% on year to INR 31.32 billion while the net profit rose over 7% on year during the June quarter to INR 3.24 billion.

Asked if the company was looking to launch new wind turbine beyond 3 MW, the mangement said, "We will bring out the next model as and when we think it's necessary." As of Jun. 30, the company's wind order book was at 5,361 MW and 5,742 MW in August. S144 accounts for around 92% of the total wind turbine generator model mix. The company reported a revenue of INR 24.95 billion in the wind turbine generator segment in the June quarter, up from INR 14.97 billion a year ago.

In the June quarter, the wind turbine generator contribution margin was at 26%. However, the management expects it to be about 22-23%. "This quarter has been high because of two or three reasons. There are certain high average sales price orders that have got delivered in this quarter. And also there has been a lower project activity due to the early onset of monsoon," said Himanshu Mody, chief financial officer, Suzlon Group.

The mangement said it remained committed to achieve 60% year-on-year growth across all parameters like revenue, earnings before interest, tax, depreciation, and amortisation, and net profit in FY26.  End

Edited by Akul Nishant Akhoury

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