Pune, India: Suzlon Group, India’s leading renewable energy provider, announced its third quarter results (Q3 FY26).
Girish Tanti, Vice Chairman, Suzlon Group, said, “We have initiated Suzlon 2.0, a comprehensive business transformation strategy aimed at establishing ourselves as a full-stack clean energy solutions conglomerate. This strategic shift broadens our scope across wind, solar, storage, and emerging clean energy technologies, enabling us to offer integrated solutions to our customers. Key growth priorities under Suzlon 2.0 include launching DevCo as a standalone FDRE project development vertical, transforming OMS into a digital-first platform, setting up smart manufacturing facilities, and capitalizing on global opportunities. Our recognition as one of the world’s top 10 most sustainable companies underscores the success of this direction. As electric mobility gains traction, AI capacity expands, and industrial decarbonisation accelerates, the green transition is gaining significant momentum.”
JP Chalasani, Chief Executive Officer, Suzlon Group, said, “Our closing order book of 6.4 GW stands higher than the opening orderbook for the quarter, despite the highest-ever deliveries in 30 years. This reflects the demand for our solutions and the effectiveness of our execution. Our balanced EPC strategy – targeting around 50% share of the EPC business by 2028 is progressing steadily, with the EPC share increasing from 20% to 27% this quarter. Our project development pipeline of 25+ GW is also complementing this strategy to augur growth for us. The success of this shift is enhancing revenue visibility, improving project control, and will continue to be a big growth driver for the group.”
Rahul Jain, Chief Financial Officer, Suzlon Group, said, “Q3 FY26 marks another milestone in Suzlon’s growth journey, with our highest‑ever quarterly deliveries of 617 MW in India resulting in strong upswing across all financial metrics. Our performance in the first nine months — driven by 66% growth in deliveries, and a 77% increase in EBITDA — demonstrates the strength of our integrated business model and disciplined execution. Driven by strong fundamentals, rising C&I demand, and a market shift towards FDRE tenders, our accelerated execution ramp-up is translating into robust operating performance. As India’s wind sector accelerates, Suzlon’s end‑to‑end capabilities, competitive cost structure, and customer‑centric approach position us uniquely to deliver sustainable value for all stakeholders.”
Key Highlights (Q3 FY26)
Record orderbook of 6.4 GW
Highest-ever quarter deliveries at 617 MW; 2.4 GW execution underway
Net cash position at ₹ 1,556 Cr as of 31st December 25
Suzlon Group Q3 FY26 at a glance (consolidated):
(₹ Crores)
Particulars
Q3 FY26
Unaudited
Q3 FY25
Unaudited
Q2 FY26
Unaudited
FY25
Audited
Net Volumes (MW)
617
447
565
1,550
Revenue from operations
4,228
2,969
3,866
10,851
EBITDA
739
500
721
1,857
EBITDA Margin
17.5%
16.8%
18.6%
17.1%
Net Finance Cost
92
42
83
151
Profit Before Tax
567
391
562
1,447
Net Profit After Tax
445
388
1,279
2,072
