Suzlon's annual revenue surges 54% to ₹16,679 cr on record turbine deliveries
The wind-energy company delivered a record 2,456 MW of turbines in India last year, driving profit before tax up 67% and leaving it with a ₹2,384 cr net cash pile.
— 7 earlier stories on Suzlon Energy Ltd. →What's new
- FY26 consolidated revenue hit ₹16,679 cr, a 54% jump year-on-year.
- Profit before tax soared 67% to ₹2,422 cr; net profit rose 53% to ₹3,163 cr.
- The company closed the year with ₹2,384 cr net cash and an order book of 5.9 GW.
Why this matters
Suzlon is executing at scale. The 54% revenue growth on record deliveries shows the order book is converting into cash. A net cash position of ₹2,384 cr eliminates balance-sheet risk, which has been the key investor concern for years.
What we're watching
- Whether the 5.9 GW order book can sustain this growth trajectory in FY27.
- The margin trajectory as delivery volumes potentially increase.
- The cash flow from operations versus the reported net profit.
The full read
Suzlon's FY26 results are a clear operational and financial milestone. The company installed a record 2,456 MW of turbines in India, driving consolidated revenue to ₹16,679 crore - a 54% annual increase. Profit before tax jumped 67% to ₹2,422 crore. The bottom line shows even stronger growth: net profit rose 53% to ₹3,163 crore, though this figure includes a deferred tax credit. The balance sheet is now solid. Suzlon ended the year with a net cash position of ₹2,384 crore, fully de-risking the company's financial structure. Its order book stands at 5.9 GW, with 66% coming from public-sector and C&I clients. The record deliveries prove Suzlon can execute at scale. The question is whether this pace can hold.
Questions answered
- How did Suzlon achieve 54% revenue growth?
- The growth was driven by a record year of turbine installations in India. The company delivered 2,456 MW of wind turbines domestically, the highest-ever annual volume for the company.
- What is the state of Suzlon's balance sheet?
- The company finished FY26 with a net cash position of ₹2,384 crore, a significant shift from its prior debt-heavy structure. This provides financial flexibility for future investments or working capital needs.
- How much of the order book is from government and industrial customers?
- Approximately 66% of Suzlon's 5.9 GW order book comes from public sector and commercial & industrial customers, indicating a diversified and stable revenue pipeline.
- Did the net profit number include any one-time benefits?
- Yes, the 53% rise in net profit to ₹3,163 crore partly reflects a deferred tax credit, which boosted the bottom line beyond operational performance.
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All notes on SUZLON →- 25 May 2026 · 3:08 PM IST Suzlon's annual revenue surges 54% to ₹16,679 cr on record turbine deliveries
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