Suzlon Energy Ltd (SUZLON) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management revised full-year FY27 EBITDA margin guidance down to 15-16% from a prior 17% expectation, citing commodity pressures and mix changes.
- The company expects to begin reporting firm export orders next year (FY28) as it completes certifications for its turbines in European and Australian markets.
- A significant turnaround in project commissioning is expected over the next 12-18 months, supported by a 1,300 MW erected turbine inventory and a strategic reorganization.
Performance Overview
- Delivered 710 MW in Q2, a 40% quarter-on-quarter increase, marking the company's highest-ever second-quarter delivery despite seasonal monsoons.
- Commissioning saw significant growth of 69% quarter-on-quarter, rising from 269 MW to 454 MW in Q2 FY27.
- Maintained a strong order book of 6 GW, providing 18 months of revenue visibility, with 1.5 GW of new orders secured in the first half of FY27.
- The balance sheet strengthened considerably, with consolidated net worth crossing INR 10,000 crores and a net cash position of INR 2,048 crores.
- Received a credit rating upgrade from CRISIL to AA- Stable for long-term facilities and A1+ for short-term facilities, reflecting enhanced financial stability.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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