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Suzlon Energy on Tuesday reported nearly 6 per cent fall in net profit at Rs 305 crore for June quarter FY27 due to logistic disruptions arising from geopolitical situation, investments and change of project mix. Net profit in the year-ago period stood at Rs 324 crore, a company statement said. However, total revenue rose to Rs 3,819 crore from Rs 3,117 crore. "We delivered a strong top-line performance this quarter, with revenue growing 23 per cent year-on-year, reflecting healthy execution and project deliveries. EBITDA & PAT margins were in line with ongoing developments , given the temporary logistic disruptions arising from the geopolitical situation, certain strategic investments, and change of scope and segment mix," Rahul Jain, Chief Financial Officer, Suzlon Group, said. Girish Tanti, Vice Chairman , Suzlon Group said: "Suzlon 2.0 is underway as we build 4 strategic growth engines with wind-led RE solutions, strengthen our technology, and focus on long -term customer ...
Suzlon Energy Ltd said it will move the Securities Appellate Tribunal (SAT) against a Sebi order imposing penalty of Rs 28.95 crore on the company, its two promoters and ex-CFOs over alleged misrepresentation of financial statements. In a BSE filing, the company stated that the Securities and Exchange Board of India (Sebi), through an order passed on May 29, 2026, set aside an earlier adjudication ruling on June 27, 2025. The earlier ruling had exonerated Suzlon Energy and its promoter-directors Vinod R Tanti, Girish R Tanti and former CFOs Kirti J Vagadi and Amit Agarwal without imposing any penalty regarding allegations of misrepresentation in financial statements between FY14 and FY18. "The company will be filing an appeal before the Securities Appellate Tribunal in respect of the SEBI order dated 29th May 2026," the renewable energy solutions provider said on Saturday. Capital markets regulator Sebi imposed a penalty of Rs 15.95 crore on Suzlon Energy Ltd (SEL), Rs 5.75 crore o
Renewable energy solution provider Suzlon on Tuesday appointed Ajay Kapur as the Group CEO. The company also elevated J P Chalasani to the newly formed Group Executive Council. Aligned with Suzlon 2.0 vision, Suzlon forms a Group Executive Council (GEC) to steer strategic direction and appoints Ajay Kapur as Group CEO to drive scale and business transformation across the group, the company said in a statement. An executive management council led by the Group CEO has also been formed to lead impactful transformation and sustainable growth of the group's businesses. This transition reflects the group's focus on structured succession and long-term value creation, while ensuring continuity in leadership and strategic direction. As part of the GEC, J P Chalasani will work closely with the Chairman & Managing Director and Executive Vice Chairman in shaping and driving key strategic initiatives across the Group. J P Chalasani will continue to be designated as a key managerial personnel