Mumbai–Suzlon Energy reported a nearly 6% decline in consolidated net profit for the first quarter of fiscal 2027 as higher expenses weighed on earnings despite strong revenue growth.
Net profit fell to Rs 305 crore in the quarter ended June 30 from Rs 324 crore a year earlier, according to a regulatory filing Tuesday.
Revenue from operations rose 22.5% to Rs 3,819 crore from Rs 3,117 crore in the same period last year. Total income increased more than 22% to Rs 3,862.5 crore.
Total expenses climbed more than 28% to Rs 3,473 crore.
Earnings before interest, taxes, depreciation and amortization were Rs 595 crore, slightly below Rs 599 crore a year earlier. The EBITDA margin narrowed to 15.6% from 19.2%.
Suzlon delivered a record 506 megawatts during the quarter, up 14% from a year earlier. Project commissioning more than doubled to 269 megawatts.
The renewable energy company also secured about 1 gigawatt of new orders, including two major engineering, procurement and construction contracts from Tata Power and Waaree Group.
Vice Chairman Girish Tanti said Suzlon is using its stronger business position to invest in future growth under its Suzlon 2.0 strategy while expanding technology capabilities and long-term customer relationships.
“All new growth areas are gaining traction. The S175-5x had a strong debut and the S144-3x order book is building significant momentum,” Tanti said. “During the quarter, we also deepened existing partnerships and formed new ones to accelerate our customers’ energy transition journey.”
Suzlon’s cumulative order book stood at about 6.1 gigawatts at the end of the quarter. Public-sector companies and commercial and industrial customers accounted for 84% of the orders.
The share of the company’s engineering, procurement and construction business increased to 32% from 22% a year earlier.
Suzlon shares fell nearly 5% following the results and traded at Rs 50.75 on the BSE. (Source: IANS)
