Suzlon Energy Limited has informed the Exchange about Transcript
SUZLON · price
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Suzlon Energy reported a record-breaking Q1 FY26, delivering 444 MW in revenue recognition (62% year-on-year growth), its highest ever first quarter in 30 years. Consolidated revenue stood at INR 3,117 crores, with EBITDA at INR 599 crores (62% YoY growth) and EBITDA margin improving 86 basis points to 19.2% from 18.4%. The company is now net cash positive with INR 1,620 crores in net cash and a consolidated net worth of INR 6,542 crores, while order book crossed 5.7 GW (10 consecutive quarters of growth), with the S144 platform alone exceeding 5 GW. Management reaffirmed 60% year-on-year growth guidance across all key parameters for FY26, and sees industry installations reaching close to 6 GW for the year. A notable development is the upcoming exit of Group CFO Himanshu Mody on August 31, 2025, who is moving to the financial sector after a 4-year stint; the company said it is in advanced stages of appointing a successor.
Strong execution, improving margins, a record order book, and a net cash balance sheet reinforce the bullish growth story, but the sudden departure of the CFO — credited with the financial turnaround — introduces near-term leadership uncertainty that investors will be watching closely, especially around the successor appointment and continuity of the financial strategy.