Suzlon Energy reported a 26% revenue surge to Rs 4,869 crore for Q2 FY27, backed by strong execution with 710 MW in deliveries. While the net profit appears lower due to base-year tax adjustments, operational metrics remain robust. The company also announced the acquisition of its corporate headquarters' owner, OE Business Park, and its CSR arm. Investors should note the upcoming SAT hearing regarding a SEBI penalty and margin pressures from commodity volatility.
Suzlon Energy Q2 Results: Revenue Grows 26% to Rs 4,869 Crore
Revenue of Rs 4,869 crore vs Rs 3,866 crore YoY; Net Profit of Rs 394 crore.
Reader Takeaway: Strong operational delivery and order book expansion face pressure from SEBI legal proceedings and margin volatility.
What just happened
Suzlon Energy released its Q2 FY27 results, showing strong revenue growth of 26% year-on-year. While net profit is reported at Rs 394 crore, down from the same quarter last year, management clarified this is largely due to a large Deferred Tax Asset (DTA) benefit recorded in Q2 FY26. Operationally, the company recorded 710 MW in deliveries, marking a 40% jump quarter-on-quarter, with 454 MW commissioned during the period.
Why this matters
The company has reached a key milestone with its net worth crossing Rs 10,000 crore. Additionally, a credit rating upgrade to AA-/Stable from CRISIL reflects improved financial health. The order book is now at 6+ GW, providing visibility for future quarters. The acquisition of OE Business Park Private Limited (OEBPPL) for Rs 1 crore secures economic control over the company's 'One Earth' corporate headquarters.
Risks to watch
Investors must monitor the ongoing legal matter involving a Rs 15.95 crore SEBI penalty. While the Securities Appellate Tribunal (SAT) has stayed the order, the next hearing is set for 28th January 2027. Additionally, management noted that WTG (Wind Turbine Generator) margins faced pressure in the first half of the year due to currency and commodity price fluctuations.
What to track next
The primary focus for shareholders remains the conversion of the 6+ GW order book into actual revenue and the outcome of the January legal proceedings. The company is also integrating the newly acquired Suzlon Foundation to streamline its CSR activities.