Suzlon Energy Limited (NSE: SUZLON) posted a strong performance in Q2 FY26, with consolidated revenue reaching ₹3,871 crore, up 84.1% year-on-year. The company’s net profit jumped 536.3% to ₹1,279 crore, supported by incremental deferred tax assets. Robust quarterly revenue growth, a multi-GW order book, and stable EBITDA margins highlight Suzlon’s continued momentum in India’s wind and renewable energy sector.

Total expenses for the quarter amounted to ₹3,150 crore, resulting in an EBITDA of ₹721 crore and an EBITDA margin of 19%, unchanged from Q1 FY26. The company reported a net profit of ₹1,279 crore, representing a 536.3% increase year-on-year, driven in part by incremental deferred tax assets of ₹717 crore. Earnings per share for the period stood at ₹0.94.

Installed Base and Geographic Distribution
The company’s installed base surpassed 15 GW, with more than 10,000 turbines in operation and assets under management totaling USD 10 billion. The state-wise distribution of the installed base includes Gujarat at 4 GW, Tamil Nadu at 3 GW, Rajasthan and Maharashtra at 2 GW each, Andhra Pradesh at 2 GW, and Karnataka and Madhya Pradesh at 1 GW each.

Assets under management are distributed as follows: Gujarat 865 MW, Tamil Nadu 832 MW, Andhra Pradesh 486 MW, Rajasthan 344 MW, Karnataka 344 MW, Maharashtra 244 MW, and Madhya Pradesh 178 MW.

Technology and Capacity
Suzlon manages a total capacity of 3,293 MW, comprising 2,182 MW of wind, 148 MW of solar, and 963 MW of BOP. The company services 37 turbine models across 15 OEM makes, supported by over 900 employees and serving more than 200 clients.

Asset Growth and Order Book
Assets under management increased to 3.3 GW in H1 FY26, up from 3 GW in FY25, generating revenue of ₹118 crore in H1 FY26. The wind order book expanded from 2,929 MW in March 2024 to 6,222 MW by September 2025.

Technical Analysis

Suzlon Energy Ltd is trading at ₹58.55, down 1.78%. The stock faces resistance near ₹60 after a recent bounce above the 51-day EMA at ₹57.28. RSI at 59.9 suggests mild bullish momentum but nearing overbought territory. Sustained support lies around ₹56, while a breakout above ₹60 could open upside toward ₹64–66.

Conclusion

Suzlon Energy demonstrates strong financial recovery with surging revenue, record profit, and a growing order book backed by a robust installed base. Consistent EBITDA margins, technological diversity, and expanding asset management capacity reinforce its leadership in India’s renewable energy sector, signaling continued growth potential and improving market confidence.

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