Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Q2 FY26 Earnings Presentation
30 slides from Suzlon Energy's earnings presentation, Nov 4, 2025
Slide 1: Investor Presentation Q2 FY26
Investor Presentation Q2 FY26 4th November 2025 Suzlon Wind Farm, Mahidad, 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: India energy transition to boost wind & solar installations
India energy transition to boost wind & solar installations Others Fossil, Hydro and 30 (4%) Wind Others Wind 100 (13%) 500 (24%) 400 (19%) Others Wind 53 (11%) Fossil Fuel 20(4%) 277 (35%) Solar 127 (25%) Sep’25 By 2030 By 2047 501 GW Wind run-rate: 777 GW Wind run-rate: 2,100 GW 7-10 GWPA 20-50 GW
Slide 5: Industry in an upcycle with long term structural tailwinds
Industry in an upcycle with long term structural tailwinds Strong domestic demand outlook Key demand drivers for wind 1 India to scale its power capacity to 2,100 GW by 2047, including 400 GW from wind India’s $10 trillion vision by 2032 Energy demand growth Urbanization, data centers, and Projected
Slide 6: Wind & Solar: Complementary in nature across the day and during seasons
Wind & Solar : Complementary in nature across the day and during seasons Intra-day pattern RE-RTC solution and prices (Rs/kWh) Wind power complements solar by peaking 5.35 5.14 5.01 in the evening, aligning with peak demand 45 Wind when solar is unavailable 269 Prioritizing wind in RTC energy Wind S
Slide 7: Suzlon Strengths
Industry Outlook Suzlon Strengths Financial Performance 7
Slide 8: Suzlon strengths
Suzlon strengths Competitive edge No. 1 OEM in Indian wind sector End-to-end Pan India presence Strong 21+ GW Global 29% Cumulative service with 15.4+ GW of customer installed Wind market share in provider installations relationship energy capacity India Best-in-class 8,300+ Experienced Well establi
Slide 9: Key clientele among marquee customers globally
Key clientele among marquee customers globally And many more customers….. 9
Slide 10: 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 11: 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 Effective Economical suited to Indian wind conditions with hybrid/FDRE Indian performance and operations and supply chain projects and grid meteorologi
Slide 12: Overview of India OMS Capabilities
Overview of India OMS Capabilities Key Metrics Presence in all windy states in India: Installed base as on 30th Sep 2025 of 15.4+ GW Map not to scale 15.4+ GW 10,000+ USD 10 Bn India’s windy states Installed base Turbines Assets under Other Indian states management Rajasthan 2.3 GW 1,900+ 99 3,900+
Slide 13: Renom: The ultimate multi-brand O&M solution
Renom: The ultimate multi-brand O&M solution Assets spread across states Competence of handling multi-technology under one roof Map not to scale 3,293 MW 2,182 MW 148 MW 963 MW Asset Under Wind Solar BOP Management 15 37 900+ 200+ Different OEM Models being Satisfied Manpower Make serviced` Customer
Slide 14: Order Book Strength continues…
Order Book Strength continues… Wind order book (in MW) WTG model mix Project segment mix S144 Central & State 90% Auctions 34% Captive/ C&I/Retail 51% PSU S120 14% 10% 6,222 Scope mix State mix 5,361 5,025 AP 13% KA 2,929 Non-EPC RJ 29% 80% 7% MH 11% EPC Mar'24 Mar'25 Jun'25 Sep'25 20% TN GJ 11% 21%
Slide 15: Pioneering the Future: Leaders at the Helm
Pioneering the Future: Leaders at the Helm Vinod Tanti Girish Tanti JP Chalasani Rajendra Mehta Sandeep Chairman & Vice Chairman Group CEO Group CHRO Chowdhury Managing Director Group General Counsel Tulsi Tanti Founder, Late Chairman and Managing Director Bernhard Vivek Srivastava Gurpratap Sairam
Slide 16: Awards & Recognition
Awards & Recognition Suzlon Energy Australia has Our Vice Chairman, Girish Received the Greentech Champion of Green Suzlon becomes the 3rd won the Asian Experience Tanti, has also been CSR India Award 2025 from Business Practices by ET fastest-growing brand in Awards 2025, recognized recognised as '
Slide 17: ESG Landscape: Making meaningful impact & earning recognition
ESG Landscape: Making meaningful impact & earning recognition Ratings ESG Rating Core ESG rating improved Upgraded from 79 to Awarded Prime Status – Inclusion of Suzlon upgraded by 22 from 64 to 67 – reaffirmed 87 – reaffirmed as surpassed industry threshold under Emerging ESG points as “Very Good”
Slide 18: Financial Performance
Industry Outlook Suzlon Strengths Financial Performance Suzlon Wind Farm, Gondal, Gujarat, India 18
Slide 19: Key Highlights Q2 FY26
Key Highlights Q2 FY26 Highest ever Q2 India EBITDA surged to ₹721 WTG business maintained Unmatched in the deliveries of 565 MW, Cr, posting a growth of healthy contribution margin industry, highest-ever firm with consolidated 145% YoY driven by with favourable scope mix and well diversified order
Slide 20: Q2 FY26 marked by stellar growth and solid financial performance
Q2 FY26 marked by stellar growth and solid financial performance Deliveries (MW) 27% QoQ 121% YoY Revenue (₹ Cr.) 24% QoQ 85% YoY 565 3,866 444 3,117 256 2,093 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 EBITDA (₹ Cr.) 20% QoQ 145% YoY PAT (₹ Cr.) 294% QoQ 538% YoY 721 1,279 599 294 201 324 Q2FY25 Q1F
Slide 21: H1 FY26 marked consistent outperformance on all key parameters
H1 FY26 marked consistent outperformance on all key parameters Volume Revenue EBITDA PAT 1,009 MW Rs 6,983 Cr Rs 1,320 Cr Rs 1,604 Cr* 90% 70% 99% 219% 530 MW Rs 4,109 Cr Rs 664 Cr Rs 503 Cr Note: Based on Consolidated Financials | *PAT includes Deferred Tax Asset recongnistion (Net) of 584 Cr in H1
Slide 22: 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) 1,550 1,009 882 664 710 838* Deliveries (MW) 4.2 495 530 3.3 3.1 336 2.3 201 270 Installation (MW) FY23 FY24 FY25 H1 FY25 H1 FY26 FY23 FY24 FY25 H1 FY26 *Includes
Slide 23: Execution Rampup – Key Snapshots
Execution Rampup – Key Snapshots Execution Progress (MW) Project Development – Land Unlocking 1,865 568 23+ GW of renewable 7+ GW land development potential identified – a strong underway – enabling rapid 196 foundation for long-term deployment readiness growth 815 Only seed capital is required for
Slide 24: India OMS: Consistent and profitable growth continues
India OMS: Consistent and profitable growth continues Revenue Installed&Capacity EBITDA Base trend(GW) (₹ Cr.) Revenue (₹ Cr.) 15.1 15.4 1,798 1,928 14.7 1,668 13.9 931 953 FY23 FY24 FY25 H1 FY26 FY23 FY24 FY25 H1 FY25 H1 FY26 Key Strengths EBITDA (₹ Cr.) Over 2 decades of Diversified supplier netwo
Slide 25: SE Forge: Capacity unlocking plans underway
SE Forge: Capacity unlocking plans underway Operating Revenue & EBITDA trend (₹ Cr.) Revenue mix (₹ Cr.) 18% 36% 49% Op. Revenue Suzlon 86 175 241 53% 472 483 489 41% 15.7% 19.5% EBITDA 141 Others 15.1% 8.6% 386 8.8% 267 307 249 72 41 76 74 175 15 52 103 126 (%) EBITDA % Suzlon Share FY23 FY24 FY25
Slide 26: Consolidated income statement
Consolidated income statement (₹ Cr.) Q2 FY26 Q1 FY26 Q2 FY25 H1 FY26 H1 FY25 FY25 Particulars Unaudited Unaudited Unaudited Unaudited Unaudited Audited Net Deliveries (MW) 565 444 256 1,009 530 1,550 Net Revenue 3,866 3,117 2,093 6,983 4,109 10,851 Contribution 1,316 1,094 734 2,410 1,446 3,656 Con
Slide 27: Consolidated balance sheet
Consolidated balance sheet (₹ Cr.) Sep-25 Mar-25 Mar-24 Particulars Unaudited Audited Audited Equity & Liabilities Net Worth 7,860 6,106 3,920 Borrowings (non-current and current) 320 283 110 Non-current Liabilities 850 810 200 Current Liabilities 6,826 5,761 2,948 Total equity and liabilities 15,85
Slide 28: Glossary
Glossary 1. AEP – Annual Energy Production 17. LCoE – Levelized Cost of Energy 2. BOP – Balance of Plant 18. MNRE – Ministry of New And Renewable Energy 3. BESS – Battery Energy Storage System 19. MT – Metric Ton 4. C&I – Commercial and Industrial 20. MW – Megawatt 5. CEA - Central Electricity Autho
Slide 29: 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 30: Thank You
Thank You Email contact for queries investorrelations@suzlon.com 30