Suzlon begins FY27 strong with 23% YoY revenue growth and highest-ever Q1 deliveries

KEY HIGHLIGHTS

• Highest-ever Q1 deliveries at 506 MW (+14% YoY)
• Commissioning stood at 269 MW (2.3x YoY)
• Record new order additions of ~1 GW including two big DevCo led EPC orders from Tata Power and Waaree Group
• Cumulative orderbook of ~6.1 GW with 84% orders from PSU and C&I sectors
• EPC share increased from 22% (Q1FY26) to 32% in line with market strategy
• Unveiled the S175 (5 MW) platform in India and Europe; secured its first order in India
• Launched Suzlon 2.0 strategy with four businesses RE Tech, RE DevCo, RE Projects and RE AMS

Pune, India: Suzlon Group, India's leading renewable energy provider, announced its first quarter results (Q1FY27).

Girish Tanti, Vice Chairman, Suzlon Group, said, "Suzlon is stronger than ever, and we're leveraging this to invest in our future. Suzlon 2.0 is underway as we build 4 strategic growth engines with wind lead RE solutions, strengthen our technology, and focus on long-term customer partnerships. All new growth areas are gaining traction. The S175-5x had a strong debut and the S144-3x orderbook is building significant momentum. During the quarter, we also deepened existing partnerships and formed new ones to accelerate our customers' energy transition journey."

Ajay Kapur, Chief Executive Officer, Suzlon Group, said, "Our strong start to FY27 reflects disciplined execution across every aspect of our business. We achieved our highest-ever first quarter deliveries of 506 MW, up +14% y-o-y, while more than doubling our commissioning as projects moved into advanced stages of execution. 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."

Rahul Jain, Chief Financial Officer, Suzlon Group, said, "We delivered a strong top-line performance this quarter, with revenue growing 23% year-on-year, reflecting healthy execution and project deliveries. EBITDA & PAT margins were in line with ongoing developments, given the temporary logistic disruptions arising from the geopolitical situation, certain strategic investments, and change of scope and segment mix."

Suzlon Group Q1 FY27 snapshot (consolidated)

(Rs Crores)

Other Updates

Manufacturing: Suzlon has doubled its rotor blade manufacturing facility's capacity in Jaisalmer from 630 MW to 1,260 MW by adding two additional manufacturing lines. The expanded facility now is spread over 30 acres and will give employment to 1200+ people. This facility has the capability to make both S144 and S175 rotor blades.

Execution: Suzlon achieved a commissioning milestone of 269 MW during the quarter, while making strong execution progress on the landmark 1.2 GW NTPC project in Gujarat.

People: The Company is delighted to welcome Ms. Anjali Byce as Group Chief Human Resource Officer, a pivotal addition to the Suzlon leadership team as we accelerate our Suzlon 2.0 vision. Anjali brings nearly three decades of distinguished, multi-sectoral CHRO-level leadership with some of India's most respected industrial houses, including Tata Motors, Sterlite, SKF, Thermax and Cummins. The Company and its management place on record their sincere appreciation for Mr. Rajendra Mehta and his valuable contributions to Suzlon over past almost four years.

About Suzlon Group

At Suzlon Group, we believe energy enables human progress, and the new world of energy will be powered by Good Energies That Work.
With revenues of USD 1.75+ billion for FY26 and market capitalization of USD 8.0+ billion as of June 30, 2026, we are constantly advancing the good energies that make the new world work by building clean, dependable, intelligent, integrated, and affordable energy ecosystems for a rapidly electrifying world.
With ~22+ GW of wind energy capacity installed across 17 countries and a diverse portfolio of renewable energy businesses, Suzlon today is a wind-first full stack renewable energy solutions conglomerate with businesses spanning across RE Technology (Wind+Solar+Storage), RE Development Company, RE Projects and RE Asset Management. For over three decades, Suzlon has partnered with leading PSUs, IPPs, and C&I businesses as a lifetime renewable energy partner.
Our next-generation product portfolio includes 2.x MW, 3.x MW, 5.x MW, 6.x MW wind turbine systems alongside integrated renewable energy solutions that are built for the new world of energy.
Headquartered at Suzlon One Earth in Pune, India, the Suzlon Group (NSE: SUZLON, BSE: 532667) comprises of RE Tech: Wind | Storage | Solar, RE DevCo, RE Projects and RE AMS and its subsidiaries.
For more information, please visit https://www.suzlon.com/