Suzlon's Q2 profit falls 69% to ₹394 crore against a year-ago tax gain; revenue up 26%

Suzlon Energy's September-quarter profit was ₹394 crore against ₹1,279 crore a year earlier, which included an ₹891 crore deferred tax asset, Upstox and Free Press Journal reported.

Price, Thursday's close₹36.79▼ 1.37%

Last 5 days

52-week low ₹36.3152-week high ₹61.50

Sector: Renewable energy equipment

What happened

Suzlon reported a profit of ₹394 crore for the September 2026 quarter against ₹1,279 crore a year earlier, down 69%, on revenue from operations of ₹4,875 crore against ₹3,871 crore, up 26%, Upstox reported. Free Press Journal gave revenue as ₹4,869 crore and the profit decline as 69.2%.
Both outlets linked the fall to the year-ago quarter's deferred tax asset of ₹891 crore. Free Press Journal said that on a comparable basis profit was ₹394 crore against ₹389 crore a year earlier. The two outlets' revenue figures differ, and Free Press Journal's headline says profit rose 13% although its own figures (₹394 crore against ₹389 crore) imply about 1.3%.
Upstox gave EBITDA as ₹719 crore against ₹721 crore, a margin of 14.7% against 18.6%; Free Press Journal gave ₹720 crore and 14.8%. Free Press Journal put profit before tax at ₹518 crore, down 7.8%, and wind turbine deliveries at 710 MW against 565 MW. Both outlets said the order book exceeded 6 GW and net worth crossed ₹10,000 crore. Upstox added order intake above 1.5 GW and commissioning of 723 MW in the first half.
Upstox's report is timed at 6:09 PM, after the close. The shares closed at ₹36.79 against ₹37.30 on Wednesday on Kite data, a fall of 1.37% by my calculation.

Why it matters

Good to know: A deferred tax asset is a tax credit a company books when it expects to pay less tax in future. Booking one can lift reported profit in a single quarter without any change in sales.

Key facts

Net profit: ₹394 crore (₹1,279 crore a year earlier), down 69%
Revenue from operations, per Upstox: ₹4,875 crore (₹3,871 crore), up 26%
EBITDA, per Upstox: ₹719 crore (₹721 crore); margin 14.7% (18.6%)
Deliveries, per Free Press Journal: 710 MW (565 MW)
Order book: Over 6 GW

Read the source

This is a summary of public news about Suzlon Energy, for information only. It is not a recommendation to buy, sell or hold SUZLON.