Suzlon Energy Q3 Results: Revenue Jumps, Profit Rises, Order Book Strong

Suzlon Energy Q3 Results

Suzlon Energy’s Q3 FY26 results show a strong, growth-heavy quarter, with revenue and profit both stepping up meaningfully year-on-year. Consolidated revenue from operations came in around 4,228 crore, up roughly forty-two percent versus the same quarter last year, while net profit climbed to about 445 crore, a rise of nearly fifteen percent year-on-year and roughly mid‑teens growth whichever way one slices it. It is the kind of print that quietly signals, “This is not a turnaround story anymore, this is execution mode.”

Beneath those headline numbers, the operating picture looks healthier too, with EBITDA for the quarter at about 739 crore and margins hovering in the high‑teens range, helped by scale, better mix, and tighter costs.

The company is also sitting on a comfortable net cash position of roughly 1,556 crore as of end‑December 2025, which, for a business that once battled leverage, feels like a very different chapter.

Below is the official PDF for Suzlon Energy Q3 Results:

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Growth Drivers and Order Book

The growth is being driven mainly by strong wind project execution and a fat order book that keeps the pipeline visible and believable. Suzlon reported its highest‑ever quarterly deliveries at about 617 megawatts in Q3 FY26, which is not just a vanity metric; it shows the organisation can actually ship and commission at scale when demand shows up.

On the demand side, the closing order book stands at around 6.4 gigawatt, giving multi‑year revenue visibility and a sort of psychological cushion for both management and investors.

For anyone who has followed the company since the more turbulent years, that kind of backlog feels almost like seeing an old friend finally get a stable job and a clear calendar of work. Domestic policy support for renewables and wind‑linked auctions adds another tailwind, even if execution on the ground can still be lumpy.

Segment Performance and 9M Snapshot

On a nine‑month FY26 basis, the numbers reinforce the same story of scale plus profitability rather than just a one‑quarter spike. Total consolidated revenue for the nine months ended 31 December 2025 is a little above 11,211 crore, with net profit after tax around 2,049 crore, implying more than double the profit versus the previous year’s comparable period.

Within that, wind turbine generators bring in the bulk of revenues at roughly 9,298 crore for 9M FY26, operations and maintenance services contribute about 1,789 crore, and foundry and forging add near 429 crore.

The mix matters because services revenue tends to be steadier and margin‑accretive, and Suzlon leaning on that, along with project executio,n gives a more balanced earnings base than a pure project‑sale model.

Margins, Balance Sheet and Risks

Margins have expanded smartly, with EBITDA up close to forty-eight percent year-on-year to about 739 crore in Q3 and quarterly profit before tax near 567 crore, a healthy jump of around forty-five percent. A cleaner balance sheet, lower finance costs, and disciplined working capital are all quietly doing their bit in the background, which rarely makes headlines but absolutely shows up in the bottom line.

Of course, it is not all sunshine and smooth breezes; the stock did slip on the result day as some traders booked profits and worried about high expectations being baked into the price. Wind projects still depend on land, grid, and regulatory timelines that can delay revenue recognition, so quarters may not always look this tidy. But the combination of strong order book, net cash, and improving margins makes the occasional volatility easier to digest for patient investors.

Why These Q3 Numbers Matter?

These Q3 FY26 results matter because they suggest Suzlon Energy is no longer just “surviving the past” but actively building a future‑ready renewable platform. Revenue growth above forty percent, profit growth in mid‑teens, record deliveries and a multi‑gigawatt order book together paint a picture of a company that has moved from repair to growth, while still keeping an eye on balance sheet strength.

For someone tracking India’s energy transition, Suzlon’s quarter feels like one more data point that wind power is back in the conversation alongside solar, not just as a side character. And for long‑term shareholders who sat through the tough years, these numbers probably read less like a dry financial statement and more like a small, satisfying milestone on a long, windy road.

Disclaimer

This article is for informational and educational purposes only and is not investment, financial, or legal advice. Readers should independently verify all figures from official company filings and consult a qualified advisor before making any investment decisions. Market conditions and company performance may change without notice.