By Pallab Bhattacharya
Newscript, August 16, 2025
Suzlon Energy has delivered one of the strongest corporate turnarounds in India’s renewable sector, posting a 62% rise in EBITDA to ₹599 crore and a 55% revenue increase in Q1 FY26. The company, long seen as a cautionary tale of over-leverage and missed opportunities, is now re-emerging as a top performer, boasting a 73.05% five-year CAGR.
The revival is built on a more disciplined business model. Suzlon has streamlined operations, deleveraged its balance sheet, and focused on profitable segments rather than chasing unviable expansion. Its latest wind turbine platforms are being touted as competitive with global benchmarks, and order books are swelling as states ramp up tenders for onshore wind.
Analysts say Suzlon’s strength lies in its ability to ride the government’s renewed push for wind as a complement to solar-heavy portfolios. “The rebound demonstrates how legacy companies can reinvent themselves in the clean energy transition,” noted a Mumbai-based energy analyst.
Critics caution that Suzlon’s success is fragile, given exposure to raw material prices and competitive pressures from foreign OEMs. Yet the company’s earnings momentum and operational resilience mark a clear break from its troubled past. Investors, once wary, are again betting that Suzlon will be a central player in India’s wind renaissuance.