Suzlon Energy Q3 Results: Cons PAT rises 15% YoY to Rs 445 crore; revenue zooms 42%

Renewable energy company Suzlon Energy on Thursday reported a 15% year-on-year rise in consolidated profit for the December quarter to Rs 445 crore, compared with Rs 386 crore in the year-ago period.

Profit after tax (PAT) was attributable to the owners of the company. Suzlon’s revenue from operations rose 42% year-on-year to Rs 4,228 crore in Q3, up from Rs 2,969 crore in the corresponding period of the previous financial year.

The company’s bottomline, however, fell 65% sequentially from Rs 1,279 crore in Q2, even as the topline rose 9% compared with Rs 3,866 crore in the July–September quarter of FY26.


The company’s Q2 PAT divergence was due to incremental deferred tax assets (DTA) of Rs 717 crore, which raised net profit to Rs 1,279 crore.

The company incurred expenses of Rs 3,692 crore in the reported quarter, compared with Rs 3,335 crore in Q2 and Rs 2,611 crore in Q3 FY25, reflecting an 11% QoQ and 41% YoY increase.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) in Q3 FY26 stood at Rs 739 crore, up from Rs 500 crore in the year-ago period, marking a 48% increase. Meanwhile, the EBITDA margin rose to 17.5% in the October–December quarter, compared with 16.8% in the year-ago period.

Net volumes in Q3 FY26 stood at 617 MW, up from 447 MW.

Q3 Key Highlights
- Record orderbook of 6.4 GW
- Highest-ever quarter deliveries at 617 MW; 2.4 GW execution underway
- Net cash position at Rs 1,556 crore as of December 31, 2025

Strong domestic demand outlook by 2047
Power demand is set to nearly triple to 4,490 TWh, while renewables are expected to grow tenfold to 1,600 TWh, the company filing said. Within this, wind energy is projected to outpace overall power growth, rising at a 10% CAGR to 400 GW, compared with 5% growth in total power.

Management speak
Commenting on the earnings, Vice Chairman Girish Tanti said that the company has initiated Suzlon 2.0, a comprehensive business transformation strategy aimed at establishing itself 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," Tanti said.