Suzlon Energy Ltd
Suzlon Energy Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Suzlon is on track to achieve its FY '26 guidance of 60% year-on-year growth across key KPIs, including revenue and deliveries. Suzlon expects to sustain and potentially increase its EBITDA margin, currently at around 40%, with the help of AI predictive maintenance and operational efficiencies (Page 19).
From Suzlon Energy Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Suzlon is on track to achieve its FY '26 guidance of 60% year-on-year growth across key KPIs, including revenue and deliveries.
- Deliveries grew 66% to 1,625 MW in 9 months FY '26, surpassing full-year FY '25 levels.
- Q3 FY '26 delivered highest-ever India turbine deliveries at 617 MW.
- Revenue for 9 months FY '26 reached INR 11,211 crores, up 58% YoY; consolidated EBITDA rose 77% YoY.
- Order pipeline remains strong with steady inflow; closing order book each quarter larger than opening, with a book-to-bill ratio of 1.9x.
- Development initiatives like the DevCo (renewable project development vertical) expected to improve execution and strategic sales visibility for years 3 to 5.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Suzlon Energy Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Suzlon is launching a stand-alone development company (DevCo) focused on FDRE project development as part of its strategic initiative to increase EPC share and improve execution.
- DevCo will focus on identifying potential sites for the next 3-5 years, acquiring land early, and securing client commitments to reduce execution time and improve project funding efficiency.
- Suzlon plans to continue investing seed capital in this development vertical without major balance sheet commitments initially.
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
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 Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Suzlon maintains a strong order book with a pipeline of 3 to 4 gigawatts of non-bidding route orders in discussion (Page 15).
- Each quarter, the closing order book is larger than the opening order book, indicating steady inflow of orders for over six to seven quarters (Page 16).
- Book-to-bill ratio stands at 1.9x, affirming that orders intake is not an issue for the company (Page 16).
- As per Q3 FY26 data, between the last and current Board meeting, Suzlon added 803 megawatts of new orders (Page 16).
2 more points management made on order book & pipeline
Suzlon Energy Ltd — Quarterly revenue & net profit
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 Ltd's management said in earlier quarters
- Q2 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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Frequently Asked Questions
What were Suzlon Energy Ltd Q3 FY26 results?
Suzlon is on track to achieve its FY '26 guidance of 60% year-on-year growth across key KPIs, including revenue and deliveries. Suzlon expects to sustain and potentially increase its EBITDA margin, currently at around 40%, with the help of AI predictive maintenance and operational efficiencies (Page 19).
What is Suzlon Energy Ltd share price analysis?
Suzlon Energy Ltd currently shows a neutral. The stock trades at a P/E of 20.9 with a market cap of ₹65,646 Cr. Investors should review the full earnings analysis for detailed insights.
Is Suzlon Energy Ltd planning capital expenditure?
Suzlon is launching a stand-alone development company (DevCo) focused on FDRE project development as part of its strategic initiative to increase EPC share and improve execution.
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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.