Shares of Suzlon Energy Ltd. experienced a sharp decline of over 7% in Tuesday's trading session, hitting a day low of ₹49.36. The tumble followed the renewable energy solutions provider's announcement of a year-on-year (YoY) dip in its consolidated net profit for the first quarter of fiscal year 2027 (Q1 FY27), which ended June 30, 2026.
Q1 FY27 Financial Overview
Suzlon Energy reported a consolidated net profit of ₹305 crore for Q1 FY27, marking a 5.86% decrease compared to ₹324 crore recorded in the corresponding quarter of the previous fiscal year. The company's Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) also saw a slight reduction, coming in at ₹595 crore, down from ₹599 crore a year earlier. The EBITDA margin stood at 15.6%.
Despite the decline in profit, Suzlon demonstrated robust growth in its top-line performance. Revenue from operations surged by 22.52% YoY, reaching ₹3,819 crore in Q1 FY27, up from ₹3,117 crore in Q1 FY26.
Operational Highlights and Strategic Moves
Operationally, Suzlon achieved its highest-ever first-quarter deliveries, commissioning 506 MW, a 14% increase year-on-year. Commissioning activities also saw a significant boost, rising 2.3 times from the year-ago period to 269 MW.
During the quarter, the company secured a record 1 GW in new orders, including two substantial DevCo-led Engineering, Procurement, and Construction (EPC) contracts from Tata Power and the Waaree Group. This brings Suzlon's cumulative order book to approximately 6.1 GW, with 84% of these orders originating from Public Sector Undertaking (PSU) and Commercial & Industrial (C&I) segments. The EPC share in Suzlon's business mix expanded to 32% in Q1 FY27, up from 22% in the same quarter last year, aligning with its strategic market objectives.
Suzlon also unveiled its new S175 (5 MW) wind turbine platform for both Indian and European markets, having already secured its first order for this platform in India. Furthermore, the company launched its "Suzlon 2.0" strategy, structured around four key business verticals: RE Tech, RE DevCo, RE Projects, and RE AMS.
Ajay Kapur, Chief Executive Officer of Suzlon Group, commented on the performance, stating, "Our strong start to FY27 reflects disciplined execution across every aspect of our business. With the successful launch of first FDRE-ready S175 wind turbine and manufacturing now scaled at our Bhuj facility, we are well-prepared to meet future demand."
In a move to enhance production capacity, Suzlon doubled the manufacturing capacity of its rotor blade facility in Jaisalmer from 630 MW to 1,260 MW by adding two new production lines.