Suzlon Energy Limited Earnings Summary — Q4 FY2026
Suzlon Energy Reports Record Quarterly Revenue and Strong Net Profit Growth in Closing FY26
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 30.3% sequentially in Q1 FY2027.
- Revenue of ₹3,829 Cr is 22.3% higher year-on-year.
- Revenue has compounded at 28.0% annualised over the last 10 quarters.
- Net profit of ₹305 Cr is 5.9% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 8.5% annualised across the period.
- Operating margin stands at 15.6% in Q1 FY2027.
- Operating margin compressed by 358 bps year-on-year.
- Over the last two years operating margin has contracted by 276 bps.
- PBT margin is 10.2%.
- Expenses grew 27.7% against revenue growth of 22.3%.
- Operating profit of ₹595 Cr is 0.6% lower year-on-year.
- Operating leverage has been under pressure recently.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 53/100 (Moderate) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 3,829 | 5,493 | 4,236 | 3,871 | 3,132 | 3,790 | 2,975 | 2,103 | 2,022 | 2,196 |
| Expenses | Improving | 3,234 | 4,529 | 3,498 | 3,150 | 2,533 | 3,096 | 2,475 | 1,809 | 1,652 | 1,839 |
| Operating Profit | Improving | 595 | 964 | 738 | 721 | 599 | 693 | 500 | 294 | 370 | 357 |
| Operating Margin | Stable | 15.6% | 17.6% | 17.4% | 18.6% | 19.1% | 18.3% | 16.8% | 14.0% | 18.3% | 16.3% |
| Other Income | Volatile | 33 | 97 | 23 | 27 | 33 | 35 | 28 | 18 | 23 | -16 |
| Interest | Strong Uptrend | 134 | 135 | 114 | 110 | 103 | 85 | 70 | 56 | 45 | 44 |
| Depreciation | Improving | 106 | 93 | 80 | 75 | 70 | 93 | 66 | 54 | 46 | 44 |
| Profit Before Tax | Improving | 389 | 833 | 567 | 563 | 459 | 551 | 391 | 202 | 302 | 253 |
| Tax | Volatile | 84 | -281 | 121 | -717 | 135 | -630 | 4 | 1 | 0 | -1 |
| Net Profit | Volatile | 305 | 1,114 | 445 | 1,279 | 324 | 1,182 | 387 | 200 | 302 | 254 |
| Net Margin | Volatile | 8.0% | 20.3% | 10.5% | 33.0% | 10.4% | 31.2% | 13.0% | 9.5% | 14.9% | 11.6% |
Key Takeaways
- Suzlon achieved its highest quarterly sales of Rs. 5,493 Crores in Mar 2026, marking a 45% YoY growth.
- Net Profit reached Rs. 1,114 Crores, though it should be noted that the latest quarter benefited from a negative tax rate (-34%).
- Operational efficiency remained strong with an 18% Operating Profit Margin, consistent with the company's turnaround trajectory.
- The balance sheet is significantly deleveraged compared to historical levels, with total borrowings at only Rs. 556 Crores against a Net Worth of over Rs. 9,400 Crores.
- Turnaround story is now fully established with the company sustaining high revenue growth (54% TTM) and peak ROCE (35%).
- Interest expenses rose to Rs. 135 Crores in the current quarter, reflecting higher working capital utilization for project execution.
Management Guidance
Management is targeting an ambitious 10 GW sales milestone by FY31 and aims to capture 40% of the Indian wind energy market.
Sentiment Shift
Improving
The company has successfully transitioned from financial distress to a growth-oriented market leader with a robust order book and healthy margins.
Outlook
The outlook remains strong driven by national renewable energy tailwinds and 'Green Energy' targets; however, execution remains sensitive to commodity price volatility.
From the Annual Report (Key Quotes)
“Suzlon Energy has undergone a radical transformation from the brink of insolvency to a deleveraged, market-leading player.”
“The narrative has shifted from 'survival through restructuring' to 'growth through execution'.”
“Management has successfully steered the company through a once-impossible debt crisis.”
Official Quarterly Documents
This summary is AI-generated from Suzlon Energy Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.