Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q2 FY27 Earnings Presentation
30 slides from Suzlon Energy's earnings presentation, Oct 29, 2026
Slide 1: Investor Presentation Q2 FY27
Investor Presentation Q2 FY27 29th October 2026 1
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), has been prepared by Suzlon Energy Limited (the “Company”), solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form t
Slide 3: Industry Outlook
Industry Outlook 3
Slide 4: Renewables to Power India's Energy Transition; Suzlon poised for Leadership
Renewables to Power India’s Energy Transition; Suzlon poised for Leadership Power Renewables Wind India’s Power Demand Set to Renewable Energy Capacity to Wind growth to outpace power; Nearly Triple by 2047 Grow Multi-Fold by 2047 Strong 10% CAGR projected against 5% growth in power India Power Dema
Slide 5: Industry upcycle with structural tailwinds
Industry upcycle with structural tailwinds Key drivers Energy security now cited Wind exports 12,000+ Cr in FY26, 1 6 as #1 transition driver across US, EU, Export opportunity amplifies, with China, and India policy frameworks augmented domestic supply chain Global electricity generation has Repower
Slide 6: Wind on track to become 100-164 GW by 2030
Wind on track to become 100-164 GW by 2030 Wind Others 121 142 100 131 164 803 720 678 525 522 CEA Base case IEA India Vision Case NREL Base case LBNL Least cost Teri scenario All scenarios require 100–164 GW wind → 100 GW is the minimum target Sources: LBNL; NREL; IEA; CEA – Apr 2023; Teri; MEC+ an
Slide 7: Suzlon Strengths
Suzlon Strengths 7
Slide 8: India's No 1 wind OEM: 30+ years of leadership, built to scale
India’s No 1 wind OEM: 30+years of leadership, build to scale Competitive edge Strong In-House R&D Industry’s largest Pan-India presence with Best-in-Class Multi-Brand Dev-Co: Maintains a India’s Wind Energy Capabilities Across customer base with sizeable fleet across all Renewable Energy portfolio
Slide 9: Turbine Portfolio: Proven Technology for Future-Ready Growth
Turbine Portfolio: Proven Technology for Future- Ready Growth 175 m 144 m 163 m 120 m Our next generation product Our established in 5-6 MW class products in 2-3 MW class S120 S144 S175 S163 MW Rating 2.10 MW 3.15 – 3.30 MW 5.x MW 6.x MW Hub Height 105-140 m 105-160 m 120-160 m 119-149 m We repower
Slide 10: World Class Technology - Made in India
World Class Technology- Made in India Developed in High efficiency High- Local sourcing Engineered to Engineered for Europe – Detailed, balanced with performance and a robust minimize CO₂ grid compliance and manufactured competitive costs rotor blades supply chain emissions in India High lift profil
Slide 11: Key clientele among marquee customers globally
Key clientele among marquee customers globally © SUZLON, GOOD ENERGIES THAT WORK 11
Slide 12: Footprint across India: Augmented manufacturing capabilities
Footprint across India: Augmented manufacturing capabilities India’s windy states Domestic manufacturing capacity 4,500 MW Other Indian states Rajasthan Madhya Pradesh Gujarat Nacelle and Hub Blade Tubular Tower Control Panel Maharashtra Nacelle & Hub Andhra Pradesh Blade Tower Tamil Nadu SE Forge E
Slide 13: Overview: RE AMS (India) Capabilities
Overview: RE AMS (India) Capabilities India’s windy states Other Indian states Key Metrics 16.5+ GW 10,000+ Installed base Turbines Rajasthan 2.8 GW Madhya Pradesh 0.6 GW Gujarat 4.6 GW 1,900+ USD 10+ Bn Customers Assets under management Maharashtra 2.2 GW Telangana 0.1 GW 110+ 3,700+ Sites Team Kar
Slide 14: Renom: Growing Multi-brand AUM
Renom: Growing Multi-brand AUM Capability to manage multiple technologies under a single platform 3,626 MW 2,360 MW 147 MW 1,119 MW Asset Under Management Wind Solar BOP 15 37 900+ 200+ Different OEM Make Models being serviced Team Satisfied Customers Resources & Diverse MBOMS Fleet Proven track rec
Slide 15: Strong order book momentum continues
Strong order book momentum continues…. WTG model mix Project segment mix 6,009 S120, 9% PSU, 5,697 14% S175, 2% 5,025 Central & State Auctions, 22% S144, Captive/ 89% C&I/Retail, 64% Scope mix State mix 2,929 AP, 19% KA, EPC, 29% 38% RJ, 5% MH, 8% Non-EPC, 62% TN, 5% Mar'24 Mar'25 Mar'26 Sep'26^ GJ,
Slide 16: Awards & Recognition
Awards & Recognition Suzlon ranked among Vice Chairman Girish India’s fastest-growing Iconic Brands of India Recognised among the top five gainers in Tanti named Wind brand – Brand Finance 2026 – ET Edge (The India's Best Workplaces ET500 2025, rising 81 Energy Leader of the India 100 for a 114% Tim
Slide 17: ESG Landscape: Making meaningful impact & earning recognition
ESG Landscape: Making meaningful impact & earning recognition Ratings Sustainability Yearbook, Rating upgraded to “Low Rating upgraded to Awarded Prime Status – Inclusion of Suzlon under ESG Rating upgraded to 2025 (Top 15% in Risk”; in Top 7th “Strong” surpassed industry Emerging ESG Index & 80, Ex
Slide 18: Financial Performance
Financial Performance Css ae es .
Slide 19: Strong Sequential Growth in Q2 FY27
Strong Sequential Growth in Q2 FY27 Deliveries Commissioning Revenue EBITDA PAT 710 MW 454 MW ₹ 4,869 Cr ₹ 720 Cr ₹ 394 Cr 40% 69% 27% 21% 29% 506 MW 269 MW ₹ 3,819 Cr ₹ 595 Cr ₹ 305 Cr Note: Based on QoQ comparison of Q2FY27 vs Q1FY27 Consolidated Financials © SUZLON, GOOD ENERGIES THAT WORK
Slide 20: Key Highlights
Key Highlights Record Q2 India deliveries of 710 Consolidated Revenue of ₹4,869 Cr Commissioned 454 MW during the Strong 6+ GW order book, with MW up 40% QoQ, 26% YoY, with in Q2 FY27, delivering 27% QoQ quarter (up by 69% QoQ, 196% 78% contribution from PSU and H1 FY27 deliveries at 1,217 MW up and
Slide 21: H1 FY27 - Performance
H1 FY27 – Performance Deliveries (MW) Commissioning (MW) 723 1,217 1,009 530 270 201 H1 FY25 H1 FY26 H1 FY27 H1 FY25 H1 FY26 H1 FY27 Revenue (₹ Cr.) EBITDA (₹ Cr.) 8,688 1,320 1,315 6,983 4,109 664 H1 FY25 H1 FY26 H1 FY27 H1 FY25 H1 FY26 H1 FY27 Note: Based on Consolidated Financials © SUZLON, GOOD
Slide 22: RE Solutions: Suzlon Commissioning Momentum Accelerates
RE Solutions: Suzlon Commissioning Momentum Accelerates Wind capacity additions in India (GW) Deliveries & Installations by Suzlon (MW) Deliveries Installation 6.1 2,456 4.2 3.3 3.1 3.1 1,550 1,217 1,009 710 882 744 723 336 270 FY24 FY25 FY26 H1 FY26 H1 FY27 FY24 FY25 FY26 H1 FY26 H1 FY27 Strong H1
Slide 23: RE AMS (India): Consistent and profitable growth continues
RE AMS (India): Consistent and profitable growth continues Installed Capacity Base (GW) Revenue (₹ Cr.) 16.5 15.7 2,073 15.1 1,928 1,798 14.7 953 1,049 FY24 FY25 FY26 H1 FY27 FY24 FY25 FY26 H1 FY26 H1 FY27 Key Strengths EBITDA (₹ Cr.) Over 3 decades of best-in-class Diversified supplier network prac
Slide 24: Foundry & Forging: Capacity unlocking plans underway
Foundry & Forging: Capacity unlocking plans underway Operating Revenue & EBITDA trend (₹ Cr.) Revenue mix (₹ Cr.) 597 61% Suzlon 49% Others 483 489 36% Suzlon Share (%) 175 365 293 241 72% 267 53% 119 141 211 76 74 307 52 50 249 232 126 82 FY24 FY25 FY26 H1 FY26 H1 FY27 FY24 FY25 FY26 H1 FY26 H1 FY2
Slide 25: Consolidated Income Statement
Consolidated Income Statement (₹ Cr.) Q2 FY27 Q1 FY27 Q2 FY26 H1 FY27 H1 FY26 FY26 Particulars Unaudited Unaudited Unaudited Unaudited Unaudited Audited Net Deliveries (MW) 710 506 565 1,217 1,009 2,456 Net Revenue 4,869 3,819 3,866 8,688 6,983 16,679 Contribution 1,397 1,225 1,316 2,622 2,410 5,378
Slide 26: Consolidated Balance Sheet
Consolidated Balance Sheet (₹ Cr.) Sep-26 Mar-26 Mar-25 Equity & Liabilities Unaudited Audited Audited Equity & Liabilities Net Worth 10,277 9,464 6,106 Borrowings (non-current and current) 327 264 283 Non-current Liabilities 1,182 1,115 810 Current Liabilities 8,220 8,026 5,761 Total equity and lia
Slide 27: Glossary
Glossary COD ISTS AEP GH2 Commercial Inter-State Transmission Annual Energy Production Green Hydrogen Operations Date System IWTMA AMS CUF GW Indian Wind Turbine Asset Management Services Capacity Utilization Factor Gigawatt Manufacturers Association EBITDA BESS GWEC Earnings before Interest, Tax, B
Slide 28: Glossary
Glossary NIWE KPI RE WTG National Institute of Key Performance Indicators Renewable Energy Wind Turbine Generator Wind Energy OEM RGO LCoE Y-o-Y Original Equipment Renewable Generation Levelized Cost of Energy Year on Year Manufacturer Obligation MNRE OMS RPO Ministry of New And Operations and Renew
Slide 29: References
References https://www.seci.co.in/ https://mnre.gov.in/ https://cea.nic.in/ https://gwec.net/globalwindreport2023/ https://www.mercomindia.com/ http://www.cercind.gov.in/ https://powermin.gov.in/ https://gwec.net/india-wind-energy-market-outlook-2023-2027-report/ https://niwe.res.in/ https://www.cri
Slide 30: Thank you
Thank you Email contact for queries [email protected]