Suzlon Energy Q3 FY26 Earnings Call Transcript Released; Highlights Record Deliveries
Suzlon Energy released its Q3 FY26 earnings call transcript. The company achieved record quarterly deliveries of 617 MW and an order book of 6.4 GW. Q3 FY26 revenue was ₹4,228 crore with EBITDA at ₹739 crore, a 48% YoY growth. Nine-month FY26 revenue reached ₹11,211 crore, with a net cash position of ₹1,556 crore. Management reaffirmed the FY26 guidance of 60% YoY growth.
The release of a detailed earnings call transcript, especially one highlighting record performance metrics and financial growth, is highly material for investors and analysts. It provides crucial insights into the company's operational and financial health.
The announcement details record deliveries and a strong order book, alongside significant year-on-year financial growth and a positive net cash position. Management's reaffirmation of guidance further supports a positive sentiment.
Suzlon Energy Limited has released the transcript of its Q3 FY26 earnings conference call, which took place on February 5, 2026. The call featured insights from Group CEO Mr. J.P. Chalasani and Group CFO Mr. Rahul Jain, who recently joined the company.
During the call, management highlighted Suzlon's 30-year journey and the significant growth in India's wind sector, with 2025 seeing record wind installations of 6.34 gigawatts. The industry is projected to surpass 10 gigawatts annually within the next two years, aiming for 100 gigawatts by 2030. Suzlon is also focusing on export growth, with strengthened global leadership and opportunities in Europe and other regions.
Suzlon reported a record-breaking quarter with 617 megawatts (MW) delivered in Q3 FY26, the highest ever quarterly deliveries in India. The company also achieved a record order book of 6.4 gigawatts, with a book-to-bill ratio of 1.9x. The S144 order book alone has exceeded 5.4 gigawatts. Manufacturing capacity has been scaled to 4.5 gigawatts, with plans for three new AI-enabled smart blade factories. The Operations & Maintenance (OMS) business remains strong, managing over 15.5 gigawatts with machine availability consistently above 95%.
Financially, Suzlon reported a revenue of ₹4,228 crores in Q3 FY26, with EBITDA reaching ₹739 crores, a 48% year-on-year growth. Profit Before Tax (PBT) stood at ₹567 crores, and Profit After Tax (PAT) was ₹445 crores. For the first nine months of FY26, revenues grew 58% year-on-year to ₹11,211 crores, with consolidated EBITDA increasing to ₹2,058 crores (up 77% YoY) and PAT improving to ₹2,049 crores. The company's balance sheet shows a strong consolidated net worth of ₹8,332 crores and a net cash position of ₹1,556 crores as of December 2025.
Management addressed investor queries regarding execution challenges, receivables, and the dip in WTG EBITDA margins in Q3, attributing it to the sales price mix and increased project revenue proportion. The company reiterated its commitment to its FY26 guidance of 60% year-on-year growth across key performance indicators. Discussions also touched upon the potential of battery storage and the company's strategy for project development through a dedicated vertical, DevCo, to enhance EPC share and streamline execution.
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Suzlon Energy Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Suzlon Energy Limited. Read the original for the full detail.