Suzlon Energy Q2 profit up 1.3%, revenue rises 26%

Mumbai: Wind energy major Suzlon Energy reported a 1.3% year-on-year increase in consolidated net profit to ₹394 crore for the September quarter of FY27. Net profit in the year-ago quarter stood at ₹389 crore, excluding a deferred tax benefit of ₹891 crore that had taken reported profit to ₹1,279 crore, the company said in a regulatory filing.

Revenue from operations rose 26% year-on-year to ₹4,869 crore in the quarter, driven by higher wind turbine deliveries. The company delivered 710 MW during the quarter, compared with 565 MW a year earlier. Its order book exceeded 6 GW at the end of the quarter, while order intake crossed 1.5 GW in the first half of FY27.

"Our record Q2 deliveries of 710 MW and strong commissioning of 454 MW reflect stronger execution and are driving revenue growth. With H1 order intake exceeding 1.5+ GW and an order book of 6+ GW, we are demonstrating our ability to convert demand into deliveries," said Ajay Kapur, chief executive officer, Suzlon Group.

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Despite the revenue growth, earnings before interest, tax, depreciation and amortisation (EBITDA) remained flat at ₹ 720 crore, compared with Rs 721 crore in the year-ago quarter. The EBITDA margin narrowed to 14.8% from 18.6%, a decline of 3.8 percentage points.

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Revenue from renewable energy solutions grew 30% year-on-year to ₹4,212 crore. The renewable energy asset management services segment reported an 11.2% increase in revenue to ₹640 crore, while its segment result rose 51.5% to ₹220 crore.
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