Suzlon Energy Limited (SUZLON) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

Suzlon Energy enters Q1 FY 2026-27 following a record-breaking FY26, as the company pivots toward its ambitious 'Suzlon 2.0' five-year growth strategy. Investors will be focused on whether the firm can maintain its delivery momentum during the seasonally softer summer quarter while managing elevated working capital cycles and a new regulatory overhang.

Suzlon Energy Limited Q1 Results Date and Time

The board meeting is scheduled for July 28, 2026, to consider the unaudited financial results for the quarter ended June 30, 2026.

The earnings conference call is scheduled for July 28, 2026, at 5:00 p.m. IST, featuring CEO Ajay Kapur and CFO Rahul Jain.

What to expect from Suzlon Energy Limited's Q1 FY27 results

Suzlon enters the new fiscal year with a healthy order book of 5.9 GW, though Q1 seasonality typically limits execution compared to the record 830 MW delivered in Q4 FY26. While HRC steel prices eased to Rs. 49,500/tonne in late May, elevated copper prices remain a persistent headwind for electrical systems. Management's 'Suzlon 2.0' plan targets 10 GW of annual RE sales by FY31, and the market will look for early milestones regarding the BESS manufacturing facility expected by 2027. The company faces a contingent liability of Rs. 28.95 Cr following a May 2026 SEBI penalty, with the status of the appeal to the Securities Appellate Tribunal being a key monitorable. Operating cash flow remains a focus area, as the FY26 CFO/EBITDA ratio of 38% reflects the continued impact of PSU payment delays.

Key Things To Watch

Order book and EPC transition: Monitoring the shift in business mix and recent order momentum.

• Track if the closing order book grew from the 5.9 GW reported at FY26-end.
• Monitor the EPC share of the order book, which stood at 28% in FY26 against a 50% target by FY28.
• Evaluate the impact of the DevCo model on recent order inflows, including the 400 MW TPREL and 201.6 MW Waaree contracts.

Execution and grid connectivity: Assessing the ability to convert the pipeline into commissioned capacity.

• Compare Q1 deliveries in MW against the Q1 FY26 baseline of 444 MW.
• Check for updates on the reduction of pre-commissioned turbines awaiting grid connection, which stood at 253 MW as of Q3 FY26.
• Assess progress on the 8 GW industry installation target set for FY27.

Working capital and finance costs: Tracking the efficiency of cash conversion.

• Monitor net working capital days, with a target to reduce from 90-100 to 75.
• Evaluate the finance cost run-rate, which averaged Rs. 115 Cr/quarter in FY26 against a guided Rs. 70 Cr/quarter.

Regulatory and legal status: Updates on the SEBI penalty appeal.

• Confirm if the appeal to the Securities Appellate Tribunal (SAT) has been filed and if a stay on the Rs. 28.95 Cr penalty has been obtained.
• Determine if any provision for the penalty has been recorded in the Q1 financials.

Blue Sky platform ramp-up: Commercial status of the new turbine models.

• Review the initial revenue recognition progress for the S175 (5.0 MW) turbine following its commercial debut on June 30, 2026.
• Look for updates on the export order pipeline for the Blue Sky platform.