Suzlon Begins FY27 with 23 Percent Revenue Growth, Record Q1 Deliveries

Suzlon Group, India’s leading renewable energy provider, announced results for the first quarter of FY27 (Q1 FY27). The brand has reported strong with 23 percent YoY revenue growth and highest-ever Q1 deliveries at 506 MW (+14 percent YoY). Its commissioning stood at 269 MW (2.3x YoY) with record new order additions of ~1 GW, including two big DevCo-led EPC orders from Tata Power and Waaree Group and a cumulative order book of ~6.1 GW with 84 percent of orders from PSU and C&I sectors. EPC share increased from 22 percent (Q1FY26) to 32 percent in line with market strategy, and it unveiled the S175 (5 MW) platform in India and Europe; secured its first order in India; and launched Suzlon 2.0 strategy with four businesses – RE Tech, RE DevCo, RE Projects, and RE AMS.

Girish Tanti, Vice Chairman, Suzlon Group, said, “Suzlon is stronger than ever, and we’re leveraging this to invest in our future. Suzlon 2.0 is underway as we build 4 strategic growth engines with wind lead RE solutions, strengthen our technology, and focus on long-term customer partnerships. All new growth areas are gaining traction. The S175-5x had a strong debut and the S144-3x orderbook is building significant momentum. During the quarter, we also deepened existing partnerships and formed new ones to accelerate our customers’ energy transition journey.”

Ajay Kapur, Chief Executive Officer, Suzlon Group, said, “Our strong start to FY27 reflects disciplined execution across every aspect of our business. We achieved our highest-ever first quarter deliveries of 506 MW, up +14 percent y-o-y, while more than doubling our commissioning as projects moved into advanced stages of execution. With the successful launch of first FDRE-ready S175 wind turbine and manufacturing now scaled at our Bhuj facility, we are well-prepared to meet future demand.”

Rahul Jain, Chief Financial Officer, Suzlon Group, said, “We delivered a strong top-line performance this quarter, with revenue growing 23 percent year-on-year, reflecting healthy execution and project deliveries. EBITDA & PAT margins were in line with ongoing developments, given the temporary logistic disruptions arising from the geopolitical situation, certain strategic investments, and change of scope and segment mix.”

Manufacturing

Suzlon has doubled its rotor blade manufacturing facility’s capacity in Jaisalmer from 630 MW to 1,260 MW by adding two additional manufacturing lines. The expanded facility now is spread over 30 acres and will give employment to 1,200+ people. This facility has the capability to make both S144 and S175 rotor blades.

Execution

Suzlon achieved a commissioning milestone of 269 MW during the quarter, while making strong execution progress on the landmark 1.2 GW NTPC project in Gujarat.

People

The company is delighted to welcome Anjali Byce as Group Chief Human Resource Officer, a pivotal addition to the Suzlon leadership team as it accelerates its Suzlon 2.0 vision. Anjali brings nearly three decades of distinguished, multi-sectoral CHRO-level leadership with some of India’s most respected industrial houses, including Tata Motors, Sterlite, SKF, Thermax, and Cummins. The company and its management place on record their sincere appreciation for Rajendra Mehta and his valuable contributions to Suzlon over the past four years.

Awards and Recognitions

●      ESG

○      Suzlon became the only Indian company featured in the S&P Global Sustainability Yearbook 2026

○      Suzlon achieved Platinum-Level Zero Waste to Landfill and Single-Use Plastic-Free certifications across all 12 assessed manufacturing facilities.

○      Suzlon earned the ISO 20400:2017 Sustainable Procurement Certification for responsible sourcing practices.

○      Suzlon received an ‘Excellent’ ESG rating from ESGRisk.ai, the highest in the Electrical Equipment industry.

○      Suzlon won two Diamond, one Platinum, and one Gold at the Global ESG Awards 2026 for ESG leadership.

○      Suzlon achieved Single-Use Plastic-Free Certification from SGS India across all OMS sites in seven states.

●      Legal

○      Suzlon won the Legal Team of the Year – Mid Size award at the Legal Era Indian Legal Awards 2026 for AI-led legal transformation.

Suzlon Group believes energy enables human progress, and the new world of energy will be powered by Good Energies That Work. With revenues of US$ 1.75+ billion for FY26 and market capitalization of US$ 8.0+ billion as of June 30, 2026, the Group is constantly advancing the good energies that make the new world work by building clean, dependable, intelligent, integrated, and affordable energy ecosystems for a rapidly electrifying world.

With ~22+GW of wind energy capacity installed across 17 countries and a diverse portfolio of renewable energy businesses, Suzlon today is a wind-first full stack renewable energy solutions conglomerate with businesses spanning across RE Technology (Wind+Solar+Storage), RE Development Company, RE Projects, and RE Asset Management. For over three decades, Suzlon has partnered with leading PSUs, IPPs, and C&I businesses as a lifetime renewable energy partner.

Its next-generation product portfolio includes 2.x MW, 3.x MW, 5.x MW, 6.x MW wind turbine systems alongside integrated renewable energy solutions that are built for the new world of energy. Headquartered at Suzlon One Earth in Pune, India, the Suzlon Group comprises of RE Tech: Wind | Storage | Solar, RE DevCo, RE Projects, and RE AMS and its subsidiaries.

For more information: www.suzlon.com