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Q2 FY26Electrical Equipment

Suzlon Energy Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹47
Market cap₹63.7K Cr
P/E20.3
Updated26 Aug 2026
Read4 min read

The short version

FY '26 performing well with record 565 MW delivered in Q2 and over 6 GW order book.

From Suzlon Energy's Q2 FY26 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

  • FY '26 performing well with record 565 MW delivered in Q2 and over 6 GW order book.
  • Expecting around 60% growth in deliveries, aiming for ~2,500 MW in FY '26.
  • Targeting 8 GW of wind installations in FY '27, up from 6 GW in FY '26.
  • Further growth expected in FY '27, but management refrains from giving exact numbers until Q3/Q4 updates.
  • Strong order pipeline with regular new order announcements; aim to maintain closing order book higher than the opening one.
  • Shift towards increasing EPC share from current 20% to 50% by FY '28.

2 more points from Suzlon Energy's call on revenue

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Profitability & Margins

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

Capital Expenditure Plans

  • Suzlon has provided INR150 crores as seed capital for land acquisition and development of wind farms, which will keep getting recycled.
  • The company is actively acquiring land for future projects, with about 1,150 megawatts of land footprint already acquired and 7.5 gigawatts under land acquisition.
  • Capital expenditure includes spending on expanding manufacturing capacity and internal machining capabilities, reducing reliance on outsourcing.
  • Ongoing investments are for business expansion, capex, and strategic land development to increase EPC contracts from current 20% to target 50% by FY '28.

2 more points from Suzlon Energy's call on capex

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
1Waaree Energies Ltd
Rev 1Mar 1
2MTAR Technologies Ltd
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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

Order Book & Pipeline

  • Current order book stands at approximately 6.2 GW as of Q2 FY26.
  • About 65% of the order book is non-bidding route (C&I and PSU), with 35% via bidding.
  • The company aims to increase EPC contracts from 20% to 50% by FY28.
  • Over 2 GW in order wins in H1 FY26, with the S144 order book exceeding 5.6 GW.
  • Significant order pipeline under discussion; new orders expected to maintain trend of closing order book higher than opening.
  • Execution timelines vary from 18 to 27 months depending on contract specifics.
  • Suzlon reassures no impact on order book from the 42 GW solar LOA cancellations.
  • Manufacturing capacity not a constraint; main limitation is project offtake readiness.

2 more points from Suzlon Energy's call on order book

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Suzlon Energy — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹4.9K Cr, net profit ₹394 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Suzlon Energy Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Suzlon Energy Q2 FY26 results?

FY '26 performing well with record 565 MW delivered in Q2 and over 6 GW order book.

What is Suzlon Energy share price analysis?

Suzlon Energy currently shows a neutral. 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?

Suzlon has provided INR150 crores as seed capital for land acquisition and development of wind farms, which will keep getting recycled.

Keep Suzlon Energy on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.