Pune: Suzlon Group, India’s No.1 Wind Energy Solutions provider, announced its first quarter results (Q1 FY26).
Girish Tanti, Vice Chairman, Suzlon Group, said, “The energy sector is undergoing a structural shift where wind-dominant FDRE and RTC solutions are essential for delivering firm, reliable, and affordable clean power to India. The rising demand from C&I and PSU customers, along with a strong base of repeat orders, reflects the trust in Suzlon’s technology leadership and execution capabilities. India achieving 50% non-fossil fuel capacity well ahead of its target is reshaping the manufacturing ecosystem. With our integrated domestic value chain, Suzlon is best positioned to leverage this momentum and drive India’s clean energy economy forward.”
JP Chalasani, Chief Executive Officer, Suzlon Group, said, “India’s renewable energy growth is driven by large PSU-led auctions – signalling strong market momentum and rising C&I demand. Businesses are seeking firm, reliable, and affordable clean power to meet sustainability goals. Our record deliveries this quarter highlight Suzlon’s executional strength and ability to seize opportunities. These align perfectly with MNRE’s revised ALMM (Wind) guidelines – a roadmap to make India’s energy transition Made in India, for India, and by India. With 4.5 GW of annual domestic manufacturing capacity, we are well-positioned to power the nation’s clean energy future.”
Himanshu Mody, Chief Financial Officer, Suzlon Group, said, “Q1 delivered a strong all-round performance, with year-on-year growth across all key financial and operational metrics. The significant increase in EBITDA reflects our disciplined financial management, operational efficiency, and the underlying strength of our business model. The Company recognised Deferred Tax Assets of rs 630 Crores last quarter, which is now unwinding, resulting in a deferred tax charge of rs 134 Crores in Q1 FY26. This is purely an accounting adjustment with no cash impact. Our strong order inflow provides clear revenue visibility, while five-notch rating upgrades over the last two years reflect our improved financial strength and flexibility -unlocking new working capital avenues.”
