Analyst Concall
Suzlon Energy confident of achieving FY26 guidance
This story was originally published at 21:24 IST on 5 February 2026
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--Suzlon: Have no big receivables pending, net receivables at INR 36 bln
--CONTEXT: Comments by Suzlon mgmt in post-earnings analyst call
--Suzlon: See significant jump in project execution by FY26-end
--Suzlon: Expect more orders from Australia, Europe from FY27
--Suzlon: Revenue from Australia, Europe orders to flow in FY28
--Suzlon: Confident of achieving FY26 growth guidance for sure
--Suzlon: Order pipeline strong, 3-4 GW from non-bidding route
--Suzlon: (Winning) order not an issue for us, issue is execution
--Suzlon: Can supply 1,100 MW each quarter, if demand consistent
By Prateem Rohanekar
MUMBAI – Suzlon Energy Ltd. is confident of meeting its 2025-26 (Apr-Mar) guidance on all key parameters, the company management told analysts in its post December quarter earnings call on Thursday. The company said while it was assured of executing its order-book and winning new orders, the key challenge it faced was on the front of being able to complete the orders due to power off-take constraints.
The management said the company was on track to achieve the FY26 guidance of 60% YoY growth across all parameters, delivering turbines to help generate around 2.5 gigawatts and achieving 25% marketshare.
The management said that it was confident that by the end of the financial year, especially in the March quarter, there may be a significant jump in "power execution". It said that the change will be visible once demand for engineering, procurement, and construction starts picking up. "As we speak today, we are now clearly talking about three to four gigawatts, non-bidding route of discussions that are happening," the management said while maintaining that orders were not an issue but the execution was.
The wind energy company official said the company will focus more on export-driven volume. "We are exploring Europe. We're exploring Australia, South Africa, and Portugal," the management said. "You will see some traction, some sort of orders getting announced in the next financial year. But the supply starting and the revenue flowing will be in FY28. And the US, we need to wait and watch when that's opened up," it said.
On project execution, the company said the key challenge was not in its capacity but those connected with project completion. "The issue is not that how much can we supply in a quarter. We can actually supply 1,100 megawatts in a quarter if there is a consistent offtake from the project," the company's top management said.
The company official said that it had "no big receivables" pending. "Our total receivables are roughly about 5,700 crores (INR 57 billion). Those that are not due in terms of saying that certain milestones are still to be completed are roughly about 2,100 crores (INR 21 billion). Therefore, the balance number is 3,600 crores (INR 36 billion) ," the company said. End
Edited by Akul Nishant Akhoury
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