Mumbai, July 28 (IANS) Suzlon Energy Limited on Tuesday reported a nearly 6 per cent year-on-year (YoY) decline in consolidated net profit to Rs 305 crore for the first quarter of FY27.
It reported a consolidated net profit of Rs 324 crore in the corresponding quarter last fiscal (Q1 FY26), according to its filing.
Following the earnings announcement, shares of the renewable energy company declined nearly 5 per cent to Rs 50.75 on the Bombay Stock Exchange (BSE).
However, revenue from operations increased 22.5 per cent year-on-year to Rs 3,819 crore in the April-June quarter from Rs 3,117 crore a year ago.
Total income rose more than 22 per cent to Rs 3,862.5 crore, while total expenses climbed over 28 per cent to Rs 3,473 crore during the period, as per its filing.
The company’s EBITDA stood at Rs 595 crore, marginally lower than Rs 599 crore reported in the year-ago quarter.
EBITDA margin narrowed to 15.6 per cent from 19.2 per cent. Operationally, Suzlon reported its highest-ever first-quarter deliveries of 506 MW, up 14 per cent year-on-year, while project commissioning more than doubled to 269 MW during the quarter.
The company also secured record fresh order additions of around 1 GW, including two major EPC orders from Tata Power and the Waaree Group.
Commenting on the results, Vice Chairman Girish Tanti said the company is leveraging its stronger business position to invest in future growth through Suzlon 2.0, while strengthening technology capabilities and expanding 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,” Tanti mentioned.
Suzlon’s cumulative order book stood at around 6.1 GW at the end of the quarter, with 84 per cent of orders coming from public sector undertakings and the commercial and industrial (C&I) segment.
The share of its Engineering, Procurement and Construction (EPC) business increased to 32 per cent from 22 per cent in the corresponding quarter of the previous fiscal, in line with its market strategy.
–IANS
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