Suzlon Energy Ltd
BSE:532667
Suzlon Energy Ltd
In the sprawling landscape of renewable energy, Suzlon Energy Ltd. stands as a pioneer hailing from India, charting a course through the winds of change since its inception in 1995. Founded by Tulsi Tanti, an astute textile businessman turned green energy visionary, Suzlon harnessed the power of the wind to fuel its journey. The company carved a niche by offering end-to-end solutions for wind energy projects, from design and manufacturing to installation and maintenance of wind turbine generators. This approach positioned it uniquely in the market, as it didn't just rely on selling equipment but became a partner in its clients' pursuit of sustainable energy, ensuring efficient, long-term power generation.
Suzlon generates revenue through the sale and servicing of wind turbine generators, which form the backbone of their business model. By operating at the intersection of innovation and efficiency, Suzlon taps into global wind-rich markets, capitalizing on government policies favoring renewable sources. Diversifying its geographical footprint across continents, it also gains from subsequent maintenance contracts, reassuring revenue streams over the lifespan of its installations. Furthermore, Suzlon is engaged in project management and execution, allowing it to earn from each phase—planning, delivery, and operational upkeep—while contributing to the global reduction of carbon footprints. Through this comprehensive and holistic business model, Suzlon not only sells a product but weaves a narrative of sustainable growth and environmental stewardship.
In the sprawling landscape of renewable energy, Suzlon Energy Ltd. stands as a pioneer hailing from India, charting a course through the winds of change since its inception in 1995. Founded by Tulsi Tanti, an astute textile businessman turned green energy visionary, Suzlon harnessed the power of the wind to fuel its journey. The company carved a niche by offering end-to-end solutions for wind energy projects, from design and manufacturing to installation and maintenance of wind turbine generators. This approach positioned it uniquely in the market, as it didn't just rely on selling equipment but became a partner in its clients' pursuit of sustainable energy, ensuring efficient, long-term power generation.
Suzlon generates revenue through the sale and servicing of wind turbine generators, which form the backbone of their business model. By operating at the intersection of innovation and efficiency, Suzlon taps into global wind-rich markets, capitalizing on government policies favoring renewable sources. Diversifying its geographical footprint across continents, it also gains from subsequent maintenance contracts, reassuring revenue streams over the lifespan of its installations. Furthermore, Suzlon is engaged in project management and execution, allowing it to earn from each phase—planning, delivery, and operational upkeep—while contributing to the global reduction of carbon footprints. Through this comprehensive and holistic business model, Suzlon not only sells a product but weaves a narrative of sustainable growth and environmental stewardship.
Record Deliveries: Suzlon delivered 670 MW in Q3 FY '26, the highest ever for any quarter in India since the company's inception.
Strong Financial Performance: Q3 revenue reached INR 4,228 crore with EBITDA of INR 739 crore, up 48% year-on-year, and PAT of INR 445 crore.
Robust Order Book: Order book stands at a record 6.4 GW, with a book-to-bill ratio of 1.9x; over 3 GW of new orders were won in the financial year.
Guidance Maintained: Management reaffirmed its FY '26 guidance for 60% year-on-year growth across key metrics and expressed confidence in execution.
Export & EPC Expansion: Suzlon is targeting export-driven growth, has appointed a President for Europe, and increased its EPC share from 20% to 27% in Q3.
Execution Challenges: Project execution remains a sector-wide challenge, mainly due to land acquisition and right-of-way issues, but measures are underway to improve.
Balance Sheet Strength: Suzlon reported a strong net worth of INR 8,332 crore and a net cash position of INR 1,556 crore as of December 2025.
