Suzlon Energy Ltd

Order details

• Awarding entity: Torrent Green Energy, a Torrent Group company (India).
• Scope: Suzlon to supply 76 S144 wind turbines (3.3 MW each) with grid integration and long-term O&M.
• Order size: 250 MW wind project.
• Domestic: India.
• Execution is in FY27; no completion deadline disclosed.
• Key terms: grid integration and long-term AMS/O&M; payment terms undisclosed.
• Related party: Torrent Group promoter; arm's length not disclosed.
• Impact: strengthens order book; partnership to over 1.3 GW across three states.

Key FY26 highlights

• Consolidated revenue ₹16,679.11 Cr; EBITDA ₹3,022.38 Cr; PAT ₹3,163.39 Cr.
• Order book ~5.9 GW; India deliveries 2,456 MW; 22,000+ MW installed base.
• Manufacturing capacity 4,500 MW annually; S144 orders near 9,000 MW.
• Net cash ₹2,384 Cr; debt down ₹19 Cr; parent has no fund-based borrowings.
• Standalone FY26 revenue ₹15,053.58 Cr; EBITDA ₹2,821.81 Cr; PAT ₹4,111.01 Cr.
• Geography revenue – India ₹16,312.33 Cr; Outside India ₹366.78 Cr.
• Dividend declared for year: Nil.
• CEO Ajay Kapur appointed Group CEO from 24 Feb 2026; CFO Rahul Jain appointed 15 Dec 2025.
• Scheme of Arrangement approved 29 Apr 2026; effective 5 May 2026; retained earnings adjustments.
• Capital expenditure ₹576.98 Cr; remaining commitments ₹38.47 Cr.

Financial performance

• Consolidated revenue ₹16,679.11 crore.
• Net profit after tax ₹3,163.39 crore.
• ROE 40.64%.
• Earnings per share (basic) ₹2.31.

Operational metrics & geography

• Order book 5.9 GW.
• India revenue ₹16,312.33 crore.
• Capex ₹576.98 crore.

Capital structure & dividends

• Net debt -₹689.92 crore.
• Dividend: no dividend declared.
• Gearing ratio 0.07x.

Overview

• Consolidated BRSR for SEL and Indian subsidiaries covering FY25-26.
• Main activities: wind turbine generators, operations & maintenance, and project execution.
• Aligned with SEBI BRSR nine principles; sustainability embedded across strategy and value chain.

Key ESG Risks & Opportunities

• GHG emissions and climate risks; DMA-based decarbonisation integrated with ERM.
• Sustainable supply chain risks and opportunities; ISO 20400; 94.33% Tier-1 suppliers assessed.
• Talent management and human rights risks; 93% return-to-work for women; HRDD across operations.
• Public policy engagement risks; transparent advocacy; 100% ABAC training and policy oversight.
• Product stewardship and low-carbon design; S144 PCF 6.17 gCO2/kWh; enhanced circularity.

Governance & Policy Highlights

• Board, KMPs, and employees trained 100% on NGRBC principles.
• ABAC policy aligned with UN SDG/OECD; ISO 37001; Whistleblower and ethics policies in place.
• FY25-26 penalties total ₹13.12 Cr; 15 notices; 5 appeals.
• ISO 20400 certification achieved; Sustainable Supply Chain Framework launched.
• DMA aligned with EFRAG-ESRS; SGS provided assurance on GHG and BRSR indicators.

Social Responsibility & Workforce

• Total employees 8,301; 93.5% male, 6.5% female; 34 differently abled.
• 93% return-to-work and retention rate for female employees.
• CSR: 4,432 activities in 1,268 villages; reached 23.1 lakh people; ₹0.41 crore co-funding.
• Grievance mechanisms include 24x7 helpline and CHRO Connect for HR-related concerns.

Environmental Performance

• Scope 1 emissions: 6,835 tCO2e; Scope 2: 49,564 tCO2e.
• GHG intensity: 0.00000032 tCO2e per rupee turnover.
• Renewable energy use up 22.79%; 25.1% RE share toward RE100 by 2030.
• Zero Waste to Landfill achieved with 97.5% diversion.
• Water recycling up 65.16%; ZLD at all plants; water neutrality goals.
• S144 PCF 6.17 gCO2e/kWh; LCA verified; PCF verified by TÜV SÜD.
• Local sourcing 79% inputs from India; 20% from MSMEs.

Stakeholder Engagement & Complaints

• DMA with EFRAG-ESRS; stakeholder engagement via CAP, surveys, and forums.
• Complaints: Communities 21; Shareholders 209; Employees 15; Customers 3; Anonymous 12.
• Grievance redressal: 60-day resolution; 24x7 helpline; third-party channels.

Other Notable Metrics

• 100% products labelled with environmental and social parameters.
• No data breaches; no product recalls; no anticompetitive conduct.
• 79% procurement from India; 19.89% from MSMEs; 12 industry associations.
• 20 EVs adopted; 41.36 tCO2e avoided; 75.76% rotor blade plant energy from renewables.
• ISO 20400 verified; Green energy credits program in rotor blade operations.

AGM Details

• AGM scheduled for 11 Sep 2026, 11:00 IST, via VC/OAVM.
• Eligibility cut-off: shareholders on 7 Aug 2026 eligible to receive notices.
• Book closure: 5 Sep 2026 to 11 Sep 2026 (inclusive).

Dividend and Financial Statements Resolutions

• Dividend: Board did not recommend any dividend for the year.
• Adoption of standalone and consolidated financial statements and reports.
• Re-appointment of Vinod R. Tanti as Director by rotation.
• Remuneration of Cost Auditors for 2026-27.

Key Management and Leadership Changes

• Ajay Kapur appointed Group CEO from 24 February 2026.
• J. P. Chalasani ceased as CEO on 24 February 2026.
• Rahul Jain appointed CFO from 15 December 2025.

Meeting Details

• 19 August 2026, Motilal Oswal, Physical.
• 25 August 2026, Goldman Sachs, Virtual.
• 27 August 2026, DAM Capital, Physical.
• 1 September 2026, Elara Capital, Physical.

Participants

• Company IR team to participate in all conferences.
• Company Secretary as governance representative.

Purpose

• Discuss Suzlon's IR presentation and business update.
• Only IR presentation to be discussed; no unpublished price-sensitive information.

Additional Notes

• IR presentation will be available on company and exchange websites.

Book closure and AGM details

• Book closure from 5 September 2026 to 11 September 2026 (inclusive) for AGM.
• Cut-off date for e-voting rights: 4 September 2026.
• Remote e-voting window: 8 September 2026 (09:00) to 10 September 2026 (17:00).
• AGM date: 11 September 2026.
• Security: Equity shares of Rs 2.
• Purpose: Thirty First AGM.

Meeting Details

• Date: 28 July 2026; time not disclosed.
• Type: earnings conference call; mode: not specified.

Participants

• Company Secretary present.

Purpose

• Purpose: discuss Q1 FY27 earnings results.

Additional Notes

• Recording: audio recording uploaded to company website.