Suzlon Energy

Q1 FY27Electrical Equipment

Suzlon Energy Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹47

Market cap₹63.7K Cr

P/E20.3

Published25 Aug 2026

What the Q1 FY27 call signalled

4 of 5 strong

RevenueRank 2

MarginRank 3

CapexYes

FundraiseYes

Order bookYes

The short version

Suzlon targets 10 GW renewable energy sales by FY31, including wind, solar, and BESS (Investor Day presentation). Suzlon aims for a 25% CAGR growth over the next 5 years as part of its Suzlon 2.0 strategy (Page 6).

From Suzlon Energy's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 2

Suzlon targets 10 GW renewable energy sales by FY31, including wind, solar, and BESS (Investor Day presentation).
Current capacity is 4.5 GW, with plans to ramp up through investments in new plants and higher-capacity turbines (3 MW to 5 MW and beyond).
7.5 GW of wind sales are anticipated by FY31, with capacity expansion and product migration driving growth.
Suzlon expects 25% CAGR over the next 5 years as part of its Suzlon 2.0 strategy.
Repowering opportunities in India are significant (~25 GW potential), providing additional growth avenues.
BESS capacity target is 3.1 GW by FY31 via strategic partnerships.
Volume ramp-up will help reduce unit costs and optimize margins.
Highest-ever deliveries recorded in Q1 FY27 indicate strong sales momentum.
Seasonal trends suggest higher sales and commissioning in H2 of the fiscal year.

Profitability & Margins

Suzlon aims for a 25% CAGR growth over the next 5 years as part of its Suzlon 2.0 strategy (Page 6).
EBITDA margins are targeted around 17%-18%, with potential ±1-2% fluctuation; operating leverage expected to improve in H2 FY27 (Page 12).
Cost optimization and volume ramp-up, especially with 3 MW and 5 MW turbine series, are expected to reduce unit costs and improve margins (Page 16).
Investments in new plants, higher turbine capacity, and expanded production (e.g., shift from 4,500 MW to 7,500 MW capacity by FY31) will drive sales growth (Page 16).
BESS and hybrid solutions are strategic growth areas; target of 3.1 GW BESS capacity by FY31 (Page 15).
Fixed costs currently elevated due to strategic investments but expected payback period is short with ramp-up in volumes (Page 6 & 12).
Overall, Suzlon is confident of sustained profit growth driven by increased installations, diversified product offerings, and operational efficiencies.

See what Suzlon Energy said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

Capex guidance remains around INR 700 crores, plus or minus INR 100 crores, depending on timing and permits (Page 13).
Investments support growth and capacity expansion, including AI-enabled blade factories for the 5-megawatt series (Page 13).
All current capex investments are in India; manufacturing for global markets but no foreign investments yet (Page 13).
Separate from capex, there is expected investment of INR 500 crores in the revolving RE DevCo model for land and connectivity (Page 14).
Investments also focus on new plants, technology development for new prototypes for domestic and international markets, and marketing for export expansion (Page 13).
Emphasis on investment in hybrid controllers and BESS partnerships as part of renewable energy solutions strategy (Page 14-15).
Investments are designed for fairly short payback, tied to volume ramp-ups over 12-18 months (Page 6).

Fundraising & Capital Structure

No explicit mention of new fundraising through debt or equity in the provided text.
The company discusses capex plans of around INR700 crores to support growth and capacity expansion, funded from internal resources (Page 13).
The existing net cash position is strong at INR2,322 crores, improving financial flexibility and resilience (Page 5).
Working capital utilization is flat to slightly higher; interest expenses have risen due to higher working capital utilization, not due to increased borrowing rates (Page 12).
DevCo investments are revolving and currently INR200-300 crores; expected cap around INR500 crores, treated separately from capex (Pages 13–15).
No indication of fresh equity issuance or debt raising; focus is on operational cash flows and existing finances to fund growth and investments.

See what Suzlon Energy said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Yes

Suzlon's order book stands at a healthy 6.1 gigawatts, reaffirming its market leadership (Page 4).
In the first 4 months of FY27, approximately 1 gigawatt of orders have already been secured (Page 4).
Around 60% of new orders are coming from the DevCo model, indicating strong market acceptance (Page 4).
The order book is not a constraint given the current DevCo model and volume ramp-up plans (Pages 5 and 6).
The company has a strong pipeline of opportunities in domestic and international markets including Europe, Australia, Latin America, and Southeast Asia (Page 4).
Orders include a mix of 3 MW, 5 MW, and international turbines like the 6.3 MW S163 (Pages 5 and 6).
For BESS (Battery Energy Storage Systems), Suzlon is actively pursuing partnerships aiming for 3.1 GW by FY31, reflecting future order potential (Page 14).

How does Suzlon Energy rank vs peers in Electrical Equipment?

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Suzlon Energy — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹5.5K Cr, net profit ₹1.1K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Suzlon Energy's management said in earlier quarters

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Frequently Asked Questions

What were Suzlon Energy Q1 FY27 results?

What is Suzlon Energy share price analysis?

Suzlon Energy currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 20.3 with a market cap of ₹63,691 Cr. Investors should review the full earnings analysis for detailed insights.

Is Suzlon Energy planning capital expenditure?

Capex guidance remains around INR 700 crores, plus or minus INR 100 crores, depending on timing and permits (Page 13).

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.