Suzlon Group demonstrated significant growth in Q1 FY27, reporting a 23% year-over-year increase in revenue, bolstered by record wind turbine deliveries and ongoing project execution.
The company’s revenue from operations reached ₹3,819 crore, up from ₹3,117 crore in Q1 FY26. Wind turbine deliveries totaled 506 MW, marking the highest first-quarter deliveries in the company’s history, a 14% increase from 444 MW in the same period last year.
Suzlon reported an EBITDA of ₹595 crore, yielding an EBITDA margin of 15.6%. Profit before tax was ₹390 crore, and net profit after tax was ₹305 crore, slightly down from ₹324 crore in Q1 FY26.
Girish Tanti, Vice Chairman of Suzlon Group, highlighted the company’s commitment to long-term growth through its “Suzlon 2.0” initiative, focusing on four strategic growth engines: advanced renewable energy solutions, technological enhancement, and stronger customer partnerships.
The newly launched S175-5x wind turbine has garnered a favorable market response, alongside increasing demand for the S144-3x platform. Tanti also noted the expansion of both existing and new customer partnerships to facilitate India’s transition to clean energy.
Chief Executive Officer Ajay Kapur emphasized the record-breaking performance during the first quarter, which included 506 MW of turbine deliveries and 269 MW of project commissioning. Suzlon has ramped up the manufacturing of its FDRE-ready S175 wind turbine at its Bhuj facility to meet future market demand.
CFO Rahul Jain commented that revenue growth was a result of effective project execution and deliveries. He noted that EBITDA and profit margins faced temporary pressure due to logistics disruptions from geopolitical issues, strategic investments, and shifts in project scope and business mix.
In addition to financial growth, Suzlon announced the enhancement of its manufacturing capacity by doubling the rotor blade production capability at its Jaisalmer facility from 630 MW to 1,260 MW. This expansion, which includes two new production lines across 30 acres, is projected to create over 1,200 new jobs and will support rotor blade manufacturing for both the S144 and S175 platforms.
On the project execution front, the company reported ongoing progress on its 1.2 GW NTPC wind project in Gujarat, along with the commissioning of 269 MW during the quarter.
Suzlon also bolstered its leadership team by appointing Anjali Byce as Group Chief Human Resource Officer. With nearly 30 years of experience at companies such as Tata Motors and Cummins, Byce will play a vital role in advancing the company’s Suzlon 2.0 strategy. The company expressed gratitude to outgoing HR leader Rajendra Mehta for his nearly four-year tenure.