Suzlon Energy Limited (SUZLON) Earnings Call Transcripts

Suzlon Energy Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Suzlon Energy Limited reported a strong performance with consolidated revenue of INR 5,468 crores, reflecting a 54% year-over-year increase. The company achieved an EBITDA of INR 964 crores, marking a 39% growth, and a profit before tax (PBT) of INR 833 crores. Management maintained a positive outlook for FY '27, projecting continued growth in the wind energy sector and signaling a robust order pipeline, although some analysts expressed concerns about potential order inflow fluctuations in the upcoming quarters.

Reported metrics

Guidance from management

Management maintained a positive outlook for FY '27, projecting continued growth in the wind energy sector, with expectations of installations reaching 8 to 10 gigawatts. They emphasized a strong order pipeline and ongoing expansion of EPC contracts.

What management said

Okay. Mohit, as you've seen, we are more or less closing at the same order book as we started the year. You would have heard J.P.C talking about our AP project, where we have a very good pipeline of -- in our new model of DevCo. We are getting very good responses. And I can assure you that the order pipeline and the discussions that are currently underway, I think we should not have an issue. Our opening book was 5, ...

Absolutely. We can start doing that. We -- in fact, we had done for a number of our projects, what will be the impact of this plus minus 10% plus 15% plus minus 10%. And elsewhere in the world, Mohit, the significant improvements happen in the predictability of the wind. So there will be some other and we're going to collaborate with few [indiscernible] people. And this is [indiscernible] for the sector, not just us ...

What analysts pressed on

Analysts expressed concerns about the muted order inflow in Q4 FY '26 and the potential for a decline in order book growth in the upcoming quarters. There were also questions regarding the impact of working capital increases on cash flow stability.

Main topics on the call

• Record Deliveries — Suzlon achieved record deliveries of 830 megawatts in Q4 FY '26 and 2,456 megawatts for the full year, marking a 58% increase. CEO Ajay Kapur stated, "This is our ever highest delivery in India," highlighting the company...
• Strong Revenue Growth — The company reported a consolidated revenue of INR 16,679 crores for FY '26, up 54% year-over-year. This growth was driven by a 65% increase in the WTG segment, which generated INR 4,040 crores in revenue.
• EPC Order Book Expansion — Management indicated that the EPC order share in the order book has increased from 20% to 28% in H2 FY '26, with a target to reach 50% by FY '28. This shift is expected to enhance competitive edge and order book growth.
• Government Project Agreement — Suzlon has secured a project implementation agreement extension for 2.1 gigawatts, which includes a 775-megawatt PPA. Management noted this as a "very, very positive development" for future growth.

Read the full Suzlon Energy Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 14 Suzlon Energy Limited earnings call transcripts on record, spanning February 10, 2023 to July 28, 2026. Based on this history, Suzlon Energy Limited reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SUZLON

Exchange

NSEI

Country

IN

Sector

Industrials

Industry

Electrical Equipment

Calls on record

14

First call

February 10, 2023

Most recent

July 28, 2026

Reporting cadence

quarterly