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Informist, Tuesday, Jul. 28, 2026

 

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--Suzlon Energy Apr-Jun consol net profit INR 3.05 bln
--Analysts saw Suzlon Energy Apr-Jun consol net profit at INR 4.31 bln
--Suzlon Energy Apr-Jun consol revenue INR 38.29 bln
--Analysts saw Suzlon Energy Apr-Jun consol revenue at INR 38.22 bln
--Suzlon Energy Apr-Jun consol PAT INR 3.05 bln vs INR 3.24 bln yr ago
--Suzlon Energy Apr-Jun consol revenue INR 38.29 bln vs INR 31.32 bln yr ago
--Suzlon Energy Apr-Jun consol EBITDA INR 5.95 bln vs INR 5.99 bln yr ago
--Suzlon Energy Apr-Jun consol EBITDA margin 15.6% vs 19.2% yr ago
--Suzlon Energy Apr-Jun consol net volumes 506 MW vs 444 MW yr ago
--Suzlon Energy order book at 5.9 GW on Jun 30 vs 5.7 GW Mar 31

 

By Ruchira Kagita

 

MUMBAI – Suzlon Energy Ltd. reported a weaker-than-expected bottom line for its June quarter, though its total revenue from operations was in line with the Street's expectations. The on-year rise in the company's total expenses was faster than the growth in its revenue and its earnings before interest, taxes, depreciation, and amortisation margin contracted significantly on an annual and sequential basis. 

 

The company's consolidated net profit came in at INR 3.05 billion, down 6% on year. This is almost 30% lower than analysts' expectation for its net profit for the June quarter. Analysts had expected profit to come in at INR 4.31 billion. 

 

The renewable energy solutions provider's revenue from operations went up 22% on year to INR 38.19 billion. The Street had pencilled in revenue for the quarter to be INR 38.22 billion. The growth in revenue, however, is the slowest in 10 quarters.

 

Sales of the company's renewable energy solutions and renewable energy asset management services divisions increased on year but those from its foundry and forging vertical declined. Revenue from the primary energy solutions business went up 27% to INR 31.74 billion and that of its asset management services by 8% to INR 6.32 billion. The company's revenue from its foundry and forging segment fell 14% on year to INR 1.26 billion. 

 

The company's total expenses rose over 28% on year to INR 34.73 billion and its cost of raw materials consumed, which make up most of its spend, increased more than 19% on year to INR 29.42 billion. The change in value of inventory of its finished and semi-finished goods limited the rise in total expenditure. 

 

The Pune-headquartered renewable energy player reported an EBITDA of INR 5.95 billion for the quarter ended June, lower by about a percentage and its EBITDA margin fell to 15.6%. The margin contracted 360 basis points on year and 200 bps sequentially. 

 

Suzlon Energy delivered record capacity of renewable energy totalling 506 megawatts during Apr-Jun, higher by 14% year-on-year. It also commissioned capacity of 269 MW through the quarter. The share of orders from engineering, procurement, and construction projects increased to 32% in the June quarter from 22?rlier. This is in line with market strategy, Suzlon Energy said in its investor presentation. 

 

During Apr-Jun, the company secured orders for around 1-gigawatt of capacity and these include engineering, procurement, and construction orders bagged under its integrated DevCo model. Suzlon Energy's order book stood at around 6.1 GW as of date, with commercial and industrial, and public sector undertakings comprising 84% of the book. The company's order book at the end of June stood at 5.9 GW, higher than 5.7 GW as of Mar. 31. 

 

The company's assets under management totalled 3.59 GW as of Jun. 30, up 3% compared with the level as of Mar. 31. Wind energy solutions made up 2.32 GW of these assets and balance of plant 1.12 GW. 

 

"EBITDA & PAT margins were in line with ongoing developments , given the temporary logistic disruptions arising from the geopolitical situation, certain strategic investments, and change of scope and segment mix," Rahul Jain, the chief financial officer at Suzlon Group, said in the presentation. 

 

Suzlon Energy reported its earnings for the June quarter during trading hours. After it announced its financial results, shares of the company tanked as much as 10% intraday. The stock closed 9.7% lower Tuesday at INR 48.02 on the National Stock Exchange.  End

 

Edited by Akul Nishant Akhoury

 

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