Suzlon Energy Limited reported a consolidated net profit of Rs 324 crore for the first quarter of FY26, marking a 7% increase from Rs 302 crore in the same quarter last year. Revenue from operations rose 54% year-on-year to Rs 3,117 crore, compared to Rs 2,016 crore in Q1 FY25.
EBITDA stood at Rs 599 crore, up from Rs 370 crore last year, with margins improving to 19.2% from 18.4%. Profit before tax came in at Rs 459 crore, while net finance cost increased to Rs 70 crore from Rs 22 crore a year earlier.
The company achieved its highest-ever Q1 deliveries of 444 MW and received 1 GW of new orders, taking the total order book to 5.7 GW, with 75% comprising commercial and industrial (C&I) and public sector unit (PSU) orders. Suzlon’s net cash position was Rs 1,620 crore as of June 30, 2025.
Alongside the results, Suzlon announced that Group CFO Himanshu Mody has resigned, with his exit effective from the close of business hours on August 31, 2025. In his resignation letter, Mody stated he would take his learnings from Suzlon into another “challenging assignment.” CNBC-TV18 reported earlier that Mody is expected to join non-bank lender Samman Capital, formerly Indiabulls Housing Finance, in a leadership role.
Mody joined Suzlon in August 2021 and played a pivotal role in the company’s financial turnaround, steering it to a net debt-free balance sheet through qualified institutional placements, rights issues, and other measures. Samman Capital currently manages assets worth approximately Rs 66,000 crore. Suzlon said it is in the advanced stages of appointing a new CFO.
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