Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q4 FY26 Earnings Presentation
28 slides from Suzlon Energy's earnings presentation, May 25, 2026
Slide 1: Investor Presentation Q4 FY26
Investor Presentation Q4 FY26 25th May 2026 Suvarda Wind Farm, Gujarat, India
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 Suzlon Strengths Financial Performance 3
Slide 4: Renewables to drive India's energy transition; Suzlon poised for Leadership
Renewables to drive India’s energy transition; Suzlon poised for Leadership Power Intermittent RE Wind India’s Power Demand Set to Nearly Triple Renewable Energy Capacity to Grow Nearly Wind growth to outpace power; Strong 10% by 2047 Tenfold by 2047 CAGR projected against 5% growth in power India P
Slide 5: Industry upcycle with structural tailwinds; record capacity addition in FY2026
Industry upcycle with structural tailwinds; record capacity addition in FY2026 Strong domestic demand outlook Key demand drivers for wind 1 Data centres driving demand for round-the-clock renewable energy (RTC RE) India’s $35 trillion vision by 2047 Energy demand growth Expected to drive power deman
Slide 6: Suzlon Strengths
Industry Outlook Suzlon Strengths Financial Performance 6
Slide 7: Suzlon strengths
Suzlon strengths Competitive edge No. 1 OEM in Indian wind sector Industry’s largest Pan-India presence End-to-end 21+ GW Global 28% Cumulative customer base with sizeable fleet service installed Wind market share in with enduring across all windy provider energy capacity India relationship states B
Slide 8: Key clientele among marquee customers globally
Key clientele among marquee customers globally And many more customers….. 8
Slide 9: Footprint across India: Augmented manufacturing capabilities
Footprint across India: Augmented manufacturing capabilities Manufacturing locations Map not to scale Domestic manufacturing capacity 4,500 MW India’s windy states Other Indian states Rajasthan Gujarat Madhya Pradesh Nacelle and Hub Blade Tubular Tower Control Panel Maharashtra Andhra Pradesh Tamil
Slide 10: S144: Made in India, made for India
S144: Made in India, made for India Major updates A Technological Edge Product designed for domestic terrain and well Compatibility Tailored to High Efficient Cost-efficient suited to Indian wind conditions with hybrid/FDRE Indian performance and operations and supply chain projects and grid meteoro
Slide 11: Overview of India OMS Capabilities
Overview of India OMS Capabilities Key Metrics Presence in all windy states in India: Installed base as on 31st Mar 2026 of 15.7+ GW Map not to scale 15.7+ GW 10,000+ USD 10+ Bn India’s windy states Installed base Turbines Assets under Other Indian states management Rajasthan 2.4 GW 1,900+ 100+ 4,30
Slide 12: Renom: The ultimate multi-brand O&M solution
Renom: The ultimate multi-brand O&M solution Assets spread across states Capability to manage multiple technologies under a single platform Map not to scale 3,509 MW 2,182 MW 148 MW 1,178 MW Asset Under Wind Solar BOP Management 15 37 900+ 200+ Different OEM Models being Satisfied Manpower Make serv
Slide 13: Strong order book momentum continues
Strong order book momentum continues…. Wind order book (in MW) WTG model mix Project segment mix S144 Central & State 88% Auctions 34% Captive/ C&I/Retail 51% S120 PSU 12% 15% 5,697 5,892 5,025 Scope mix State mix AP 12% KA 2,929 30% Non-EPC RJ 72% 10% MH Mar'24 Mar'25 Mar'26 May'26^ 11% Orders rece
Slide 14: Pioneering the Future: Leaders at the Helm
Pioneering the Future: Leaders at the Helm Vinod Tanti Girish Tanti JP Chalasani Ajay Kapur Rahul Jain Chairman & Vice Chairman Member, GEC Group CEO Group CFO Managing Director Tulsi Tanti Founder, Late Chairman and Managing Director Rajendra Mehta Bernhard Sandeep Gurpratap Boparai Kamlesh Bhadani
Slide 15: Awards & Recognition
Awards & Recognition Suzlon ranked among the Vice Chairman Girish Recognised at Davos, Suzlon Energy Australia Suzlon certified Great top five gainers in ET500 Tanti named Wind Suzlon India’s only (SEA) wins Best Wind Place to Work third 2025, rising 81 positions Energy Leader of the entrant in Corp
Slide 16: ESG Landscape: Making meaningful impact & earning recognition
ESG Landscape: Making meaningful impact & earning recognition Ratings Sustainability Rating upgraded to “Low Upgraded from 79 to 88 Awarded Prime Status – Inclusion of Suzlon under ESG Rating upgraded Yearbook, 2025 (Top Risk” (Score: 19.49); in Top – reaffirmed as “High” surpassed industry threshol
Slide 17: Financial Performance
Industry Outlook Suzlon Strengths Financial Performance Suzlon Wind Farm, Gondal, Gujarat, India 17
Slide 18: Key Highlights
Key Highlights Highest ever quarterly Consolidated EBITDA margin Consolidated PBT for FY26 Strong and diversified India deliveries of 830 MW, for FY26 improves by 100 bps increases by 67% to ₹ 2,422 ~5.9 GW order book, takes consolidated revenue on robust operating leverage Cr unmatched in to ₹5,468
Slide 19: FY26 marked consistent outperformance on all key parameters
FY26 marked consistent outperformance on all key parameters Volume Revenue EBITDA PBT 2,456 MW ₹ 16,679 Cr ₹ 3,022 Cr ₹ 2,422 Cr 58% 54% 63% 67% 1,550 MW ₹ 10,851 Cr ₹ 1,857 Cr ₹ 1,447 Cr Note: Based on Consolidated Financials 19
Slide 20: Q4 FY26 Stellar growth continues
Q4 FY26 Stellar growth continues Deliveries (MW) 45% YoY Revenue (₹ Cr.) 45% YoY 830 5,468 573 3,774 273 2,179 Q4FY24 Q4FY25 Q4FY26 Q4FY24 Q4FY25 Q4FY26 EBITDA (₹ Cr.) 39% YoY PBT (₹ Cr.) 51% YoY 964 833 693 551 357 253 Q4FY24 Q4FY25 Q4FY26 Q4FY24 Q4FY25 Q4FY26 Note: Based on Consolidated Financials
Slide 21: WTG Business: Robust growth with operating leverage
WTG Business: Robust growth with operating leverage Wind capacity additions in India (in GW) Deliveries & Installations by Suzlon (in MW) 2,456 1,715* 1,550 6.1 Deliveries (MW) 882 744 664 710 4.2 495 3.3 336 2.3 Installation (MW) FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 *Includes 971 MW of erected t
Slide 22: India OMS: Consistent and profitable growth continues
India OMS: Consistent and profitable growth continues Revenue Installed&Capacity EBITDA Base trend(GW) (₹ Cr.) Revenue (₹ Cr.) 15.7 1,928 2,073 14.7 15.1 1,668 1,798 13.9 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Key Strengths EBITDA (₹ Cr.) Over 3 decades of Diversified supplier network 1 4 best-in-c
Slide 23: SE Forge: Capacity unlocking plans underway
SE Forge: Capacity unlocking plans underway Operating Revenue & EBITDA trend (₹ Cr.) Revenue mix (₹ Cr.) 61% 18% 36% 49% Op. Revenue Suzlon 86 365 175 241 597 19.9% EBITDA Others 472 483 15.7% 489 15.1% 386 8.8% 307 249 232 41 76 74 119 (%) EBITDA % Suzlon Share FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY
Slide 24: Consolidated income statement
Consolidated income statement (₹ Cr.) Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25 Particulars Unaudited Unaudited Unaudited Audited Audited Net Deliveries (MW) 830 617 573 2,456 1,550 Net Revenue 5,468 4,228 3,774 16,679 10,851 Contribution 1,623 1,345 1,212 5,378 3,656 Contribution Margin 29.7% 31.8% 32.1% 3
Slide 25: Consolidated balance sheet
Consolidated balance sheet (₹ Cr.) Mar-26 Sep-25 Mar-25 Particulars Audited Unaudited Audited Equity & Liabilities Net Worth 9,464 7,860 6,106 Borrowings (non-current and current) 264 320 283 Non-current Liabilities 1,115 850 810 Current Liabilities 8,026 6,826 5,761 Total equity and liabilities 18,
Slide 26: Glossary
Glossary 1. AEP – Annual Energy Production 18. KPI – Key Performance Indicators 2. BOP – Balance of Plant 19. LCoE – Levelized Cost of Energy 3. BESS – Battery Energy Storage System 20. MNRE – Ministry of New And Renewable Energy 4. C&I – Commercial and Industrial 21. MT – Metric Ton 5. CEA - Centra
Slide 27: References
References https://www.seci.co.in/ • https://www.seci.co.in/ • https://cea.nic.in/ https://www.mercomindia.com/ • https://www.mercomindia.com/ https://powermin.gov.in/ • https://powermin.gov.in/ • https://niwe.res.in/ https://mnre.gov.in/ • https://mnre.gov.in/ https://gwec.net/globalwindreport2023/
Slide 28: Thank You
Thank You Email contact for queries investorrelations@suzlon.com 28