Suzlon Energy (SUZLON)₹38.91−0.23%Heavy Electrical Equipment
In the Sep 2026 quarter (consolidated), Suzlon Energy reported sales of ₹4,881 Cr, up 26.0% from Sep 2025, and net profit of ₹395 Cr, down 69.2% year on year. For the year to Mar 2026, sales were ₹16,758 Cr and net profit ₹3,166 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,562 | 2,197 | 2,022 | 2,104 | 2,978 | 3,791 | 3,137 | 3,874 | 4,241 | 5,502 | 3,832 | 4,881 |
| Expenses | 1,311 | 1,836 | 1,647 | 1,804 | 2,468 | 3,088 | 2,527 | 3,141 | 3,488 | 4,520 | 3,227 | 4,146 |
| Operating Profit | 248 | 356 | 370 | 294 | 499 | 692 | 598 | 720 | 737 | 963 | 594 | 718 |
| OPM % | 16.1% | 16.1% | 18.1% | 14.1% | 17.1% | 18.0% | 19.1% | 19.0% | 17.1% | 18.0% | 16.0% | 15.0% |
| Other Income | 9.03 | −16.03 | 23.04 | 18.03 | 28.08 | 35.07 | 33.06 | 27.08 | 23.06 | 97.28 | 33.06 | 32.09 |
| Interest | 14.04 | 44.11 | 45.06 | 56.08 | 70.12 | 85.25 | 103 | 110 | 114 | 135 | 134 | 123 |
| Depreciation | 39.07 | 44.06 | 46.10 | 54.13 | 66.11 | 93.20 | 70.11 | 75.14 | 80.15 | 93.21 | 106 | 111 |
| Profit before tax | 204 | 254 | 303 | 203 | 392 | 553 | 461 | 564 | 569 | 837 | 390 | 520 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 1.0% | −114.0% | 29.0% | −127.0% | 21.0% | −34.0% | 22.0% | 24.1% |
| Exceptional items | 0.00 | −27.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 203 | 254 | 303 | 201 | 388 | 1,182 | 325 | 1,281 | 446 | 1,115 | 305 | 395 |
| EPS (Rs) | 0.14 | 0.18 | 0.21 | 0.14 | 0.28 | 0.88 | 0.25 | 0.95 | 0.34 | 0.83 | 0.23 | 0.30 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,488 | 12,718 | 8,129 | 5,028 | 2,978 | 3,350 | 6,583 | 5,973 | 6,533 | 10,894 | 16,758 | 18,455 |
| Expenses | 9,753 | 10,212 | 7,122 | 5,041 | 3,820 | 2,803 | 5,673 | 5,127 | 5,482 | 9,003 | 13,681 | 15,381 |
| Operating Profit | −282 | 2,473 | 975 | −22.96 | −854 | 536 | 898 | 832 | 1,035 | 1,860 | 3,021 | 3,012 |
| OPM % | −3.0% | 20.0% | 12.1% | −0.5% | −29.0% | 16.1% | 14.1% | 14.0% | 16.1% | 17.0% | 18.0% | 16.3% |
| Other Income | 2,568 | 109 | 556 | 92.16 | −42.13 | 825 | 95.28 | 2,744 | −24.05 | 97.19 | 179 | 185 |
| Interest | 1,307 | 1,291 | 1,586 | 1,273 | 1,370 | 999 | 736 | 422 | 164 | 256 | 463 | 507 |
| Depreciation | 393 | 390 | 343 | 343 | 420 | 258 | 261 | 261 | 190 | 260 | 319 | 391 |
| Profit before tax | 586 | 916 | −392 | −1,548 | −2,695 | 105 | 0.00 | 2,904 | 662 | 1,452 | 2,433 | 2,316 |
| Tax % | −4.0% | 1.0% | 0.0% | −1.0% | 0.0% | 4.0% | 41,648.0% | 0.0% | 0.0% | −43.0% | −31.0% | — |
| Exceptional items | 1,117 | 42.14 | 491 | 43.09 | −70.17 | 801 | −111 | 2,725 | −62.14 | −6.01 | 76.19 | 0.00 |
| Net Profit | 584 | 853 | −385 | −1,539 | −2,697 | 104 | −177 | 2,893 | 661 | 2,074 | 3,166 | 2,261 |
| EPS (Rs) | 0.95 | 1.39 | −0.56 | −2.33 | −4.02 | 0.11 | −0.16 | 2.27 | 0.48 | 1.54 | 2.34 | 1.70 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 743 | 1,006 | 1,006 | 1,066 | 1,066 | 1,066 | 1,705 | 1,846 | 2,458 | 2,725 | 2,734 | 2,750 |
| Reserves | −8,083 | −8,554 | −7,867 | −8,050 | −9,580 | −12,075 | −5,058 | −5,380 | −1,359 | 1,203 | 3,386 | 6,738 |
| Borrowings | 17,819 | 11,430 | 11,124 | 12,011 | 11,563 | 13,230 | 6,935 | 6,473 | 1,940 | 150 | 323 | 556 |
| Other Liabilities | 11,297 | 5,870 | 7,924 | 6,121 | 5,844 | 4,324 | 3,033 | 3,552 | 2,496 | 3,119 | 6,546 | 8,884 |
| Total Liabilities | 21,775 | 9,753 | 12,187 | 11,148 | 8,894 | 6,544 | 6,615 | 6,492 | 5,536 | 7,197 | 12,989 | 18,927 |
| Fixed Assets | 5,840 | 1,570 | 1,662 | 1,462 | 1,519 | 1,357 | 1,164 | 1,058 | 864 | 884 | 1,777 | 2,292 |
| CWIP | 357 | 234 | 206 | 354 | 229 | 122 | 107 | 20.04 | 6.01 | 20.05 | 105 | 190 |
| Investments | 266 | 393 | 670 | 67.07 | 20.01 | 19.99 | 22.99 | 0.00 | 0.00 | 8.01 | 43.01 | 217 |
| Other Assets | 15,312 | 7,556 | 9,648 | 9,265 | 7,126 | 5,045 | 5,321 | 5,413 | 4,665 | 6,283 | 11,063 | 16,227 |
| Inventories | 3,362 | 2,523 | 3,470 | 3,028 | 2,914 | 2,056 | 2,172 | 2,208 | 1,826 | 2,291 | 3,234 | 4,512 |
| Trade receivables | 2,748 | 2,509 | 3,621 | 2,979 | 1,877 | 1,362 | 1,188 | 1,374 | 1,169 | 1,828 | 3,857 | 6,260 |
| Cash & equivalents | 2,552 | 629 | 337 | 583 | 75.22 | 82.28 | 263 | 502 | 368 | 428 | 1,117 | 1,250 |
| Total Assets | 21,775 | 9,753 | 12,187 | 11,148 | 8,894 | 6,544 | 6,615 | 6,492 | 5,536 | 7,197 | 12,989 | 18,927 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 1,121 | −741 | 1,607 | −109 | 1,269 | −931 | 531 | 1,305 | 492 | 80.24 | 1,095 | 1,206 |
| Cash from investing activity | −822 | 4,469 | −640 | −138 | 125 | −31.87 | −23.90 | −18.93 | 84.69 | −151 | −746 | −911 |
| Cash from financing activity | −198 | −5,632 | −1,244 | 490 | −1,890 | 965 | −325 | −1,041 | −707 | 131 | 342 | −154 |
| Net cash flow | 95.07 | −1,918 | −291 | 245 | −507 | 8.02 | 180 | 238 | −133 | 60.04 | 687 | 133 |
| Capex | 737 | 408 | 415 | 712 | 284 | 100 | 52.12 | 77.11 | 101 | 227 | 372 | 578 |
| Free cash flow | 430 | −1,128 | 1,214 | −765 | 1,022 | −1,030 | 483 | 1,229 | 478 | −147 | 726 | 627 |
| CFO / OP % | −23.0% | 270.1% | 67.1% | −16.9% | −5,358.0% | 108.0% | 96.1% | 144.1% | 61.1% | 10.0% | 59.0% | 42.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 51 | 98 | 105 | 135 | 138 | 169 | 131 | 77 | 73 | 103 | 131 | 138 |
| Inventory days | 90 | 164 | 168 | 216 | 355 | 400 | 503 | 186 | 176 | 210 | 171 | 152 |
| Days payable | 122 | 193 | 233 | 180 | 265 | 253 | 366 | 155 | 86 | 165 | 156 | 172 |
| Cash conversion cycle | 18 | 68 | 39 | 170 | 227 | 315 | 266 | 107 | 162 | 148 | 145 | 117 |
| Working capital days | −96 | −56 | −155 | −100 | −328 | −1,465 | 84 | 16 | 66 | 103 | 73 | 84 |
| ROCE % | −48.0% | 11.1% | 53.0% | 15.1% | −8.0% | −47.9% | 10.1% | 21.1% | 20.1% | 25.1% | 33.1% | 34.1% |
For the Sep 2026 quarter, Suzlon Energy reported sales of ₹4,881 Cr, up 26.0% year on year and net profit of ₹395 Cr, down 69.2% year on year. The operating margin was 15.0%.
Suzlon Energy's sales for the year to Mar 2026 were ₹16,758 Cr; over the last twelve months they were ₹18,455 Cr.
Net profit for the year to Mar 2026 was ₹3,166 Cr, and ₹2,261 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.70.
Suzlon Energy reported borrowings of ₹556 Cr at Mar 2026, against cash and equivalents of ₹1,250 Cr.
Cash from operations was ₹1,206 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹627 Cr.