Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Suzlon Energy Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,694 | 1,351 | 1,421 | 1,560 | 2,196 | 2,022 | 2,103 | 2,975 | 3,790 | 3,132 | 3,871 | 4,236 | 5,493 |
| Expenses + | 1,461 | 1,152 | 1,196 | 1,313 | 1,839 | 1,652 | 1,809 | 2,475 | 3,096 | 2,533 | 3,150 | 3,498 | 4,529 |
| Operating Profit | 233 | 199 | 225 | 248 | 357 | 370 | 294 | 500 | 693 | 599 | 721 | 738 | 964 |
| OPM % | 14% | 15% | 16% | 16% | 16% | 18% | 14% | 17% | 18% | 19% | 19% | 17% | 18% |
| Other Income + | 257 | 19 | -28 | 9 | -16 | 23 | 18 | 28 | 35 | 33 | 27 | 23 | 97 |
| Interest | 86 | 62 | 44 | 14 | 44 | 45 | 56 | 70 | 85 | 103 | 110 | 114 | 135 |
| Depreciation | 81 | 55 | 51 | 39 | 44 | 46 | 54 | 66 | 93 | 70 | 75 | 80 | 93 |
| Profit before tax | 323 | 101 | 102 | 203 | 253 | 302 | 202 | 391 | 551 | 459 | 562 | 567 | 833 |
| Tax % | 1% | 0% | 0% | 0% | -0% | 0% | 0% | 1% | -114% | 29% | -127% | 21% | -34% |
| Net Profit + | 320 | 101 | 102 | 203 | 254 | 302 | 201 | 388 | 1,181 | 324 | 1,279 | 445 | 1,114 |
| EPS in Rs | 0.22 | 0.08 | 0.08 | 0.15 | 0.19 | 0.22 | 0.15 | 0.29 | 0.87 | 0.24 | 0.94 | 0.33 | 0.82 |
Financials of Suzlon Energy Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 19,954 | 9,483 | 12,714 | 8,116 | 5,025 | 2,973 | 3,346 | 6,582 | 5,971 | 6,529 | 10,890 | 16,732 |
| Expenses + | 25,703 | 9,767 | 10,235 | 7,140 | 5,048 | 3,829 | 2,809 | 5,682 | 5,137 | 5,492 | 9,026 | 13,709 |
| Operating Profit | -5,749 | -283 | 2,479 | 977 | -23 | -856 | 537 | 900 | 833 | 1,037 | 1,863 | 3,022 |
| OPM % | -29% | -3% | 20% | 12% | -0% | -29% | 16% | 14% | 14% | 16% | 17% | 18% |
| Other Income + | -194 | 2,563 | 109 | 555 | 92 | -42 | 823 | 95 | 2,739 | -24 | 97 | 180 |
| Interest | 2,065 | 1,304 | 1,288 | 1,581 | 1,270 | 1,367 | 996 | 735 | 421 | 164 | 255 | 462 |
| Depreciation | 809 | 392 | 389 | 342 | 342 | 419 | 258 | 260 | 260 | 190 | 259 | 318 |
| Profit before tax | -8,816 | 584 | 912 | -391 | -1,543 | -2,684 | 105 | 0 | 2,892 | 659 | 1,447 | 2,422 |
| Tax % | 4% | -4% | 1% | -0% | -1% | 0% | 4% | 41,648% | 0% | -0% | -43% | -31% |
| Net Profit + | -9,133 | 583 | 852 | -384 | -1,537 | -2,692 | 104 | -177 | 2,887 | 660 | 2,072 | 3,163 |
| EPS in Rs | -19.95 | 0.94 | 1.38 | -0.57 | -2.32 | -4.01 | 0.10 | -0.17 | 2.28 | 0.49 | 1.53 | 2.33 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Suzlon Energy Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 742 | 1,004 | 1,005 | 1,064 | 1,064 | 1,064 | 1,702 | 1,843 | 2,454 | 2,722 | 2,732 | 2,745 |
| Reserves | -8,064 | -8,537 | -7,846 | -8,031 | -9,562 | -12,047 | -5,045 | -5,369 | -1,355 | 1,199 | 3,374 | 6,719 |
| Borrowings + | 17,811 | 11,414 | 11,114 | 11,996 | 11,552 | 13,210 | 6,925 | 6,465 | 1,938 | 150 | 323 | 556 |
| Other Liabilities + | 11,243 | 5,842 | 7,887 | 6,092 | 5,816 | 4,303 | 3,019 | 3,535 | 2,486 | 3,108 | 6,531 | 8,850 |
| Total Liabilities | 21,731 | 9,723 | 12,160 | 11,121 | 8,871 | 6,530 | 6,601 | 6,475 | 5,523 | 7,179 | 12,960 | 18,869 |
| Fixed Assets + | 5,843 | 1,573 | 1,665 | 1,463 | 1,520 | 1,358 | 1,166 | 1,059 | 866 | 886 | 1,780 | 2,309 |
| CWIP | 356 | 233 | 206 | 353 | 229 | 122 | 107 | 20 | 6 | 20 | 105 | 176 |
| Investments | 266 | 393 | 670 | 67 | 20 | 20 | 23 | 0 | 0 | 8 | 43 | 217 |
| Other Assets + | 15,266 | 7,524 | 9,619 | 9,237 | 7,102 | 5,030 | 5,305 | 5,396 | 4,651 | 6,264 | 11,032 | 16,166 |
| Total Assets | 21,731 | 9,723 | 12,160 | 11,121 | 8,871 | 6,530 | 6,601 | 6,475 | 5,523 | 7,179 | 12,960 | 18,869 |
Financials of Suzlon Energy Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1,119 | -739 | 1,602 | -109 | 1,267 | -929 | 530 | 1,302 | 491 | 80 | 1,092 | 1,202 |
| Cash from Investing Activity + | -825 | 4,482 | -643 | -138 | 125 | -32 | -24 | -19 | 85 | -152 | -749 | -914 |
| Cash from Financing Activity + | -199 | -5,656 | -1,249 | 492 | -1,898 | 969 | -327 | -1,045 | -709 | 132 | 343 | -155 |
| Net Cash Flow | 95 | -1,914 | -290 | 245 | -506 | 8 | 180 | 238 | -133 | 60 | 686 | 133 |
| Free Cash Flow | 429 | -1,126 | 1,211 | -764 | 1,020 | -1,029 | 482 | 1,226 | 477 | -147 | 724 | 626 |
| CFO/OP | -23% | 270% | 67% | -17% | -5,358% | 108% | 96% | 144% | 61% | 10% | 59% | 42% |
Financials of Suzlon Energy Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 97 | 104 | 134 | 137 | 168 | 130 | 76 | 72 | 102 | 130 | 137 |
| Inventory Days | 90 | 164 | 168 | 216 | 355 | 400 | 503 | 186 | 176 | 210 | 171 | 152 |
| Days Payable | 122 | 193 | 233 | 180 | 265 | 253 | 366 | 155 | 86 | 165 | 156 | 172 |
| Cash Conversion Cycle | 18 | 68 | 39 | 170 | 227 | 315 | 266 | 107 | 162 | 148 | 145 | 117 |
| Working Capital Days | -96 | -56 | -155 | -100 | -328 | -1,465 | 84 | 16 | 66 | 103 | 73 | 89 |
| ROCE % | -48% | 11% | 53% | 15% | -8% | -48% | 10% | 21% | 20% | 25% | 33% | 35% |