Concall — clean across the call.

In quarter 2 FY '26, India's power sector marked two historic milestones. We have reached a cumulative installed power capacity of over 500 gigawatts. More importantly, the non-fossil fuel capacity of this is 50%, so therefore, clearly signaling the renewable transition, which is underway. Talking about the industry, the recent reduction in GST from 12% to 5% on wind turbines is a major boost for the sector. It is expected to substantially lower capital expenditure and effectively reduce the levelized cost of energy.

On the commissioning front, industry commissioned over 3 gigawatts in the first half of FY '26, double the installations in the corresponding period in FY '25, indicating a notable acceleration in execution. We firmly believe total wind installations to reach approximately 6 gigawatts by the end of FY '26 and 8 gigawatts in FY '27. Suzlon has set a new benchmark in execution by delivering a record-breaking 565 megawatts in quarter 2 FY '26, the highest ever quarter 2 in India we delivered in over 30-year history.

Our order book has exceeded 6 gigawatts, reaffirming our market leadership with more than 2-gigawatt order win in the first half of FY '26. Taking you through our S144 order book has exceeded 5.6 gigawatts currently, we have identified 23-plus gigawatts of renewable potential sites laying a strong foundation for sustained growth. Out of this 7-plus gigawatts of land development is underway, ensuring rapid deployment readiness.

On leadership strengthening, we have appointed Mr. Rahul Jain as our Chief Financial Officer effective 15th December 2025. Suzlon reported consolidated revenue of INR<strong>3,866 crore</strong>s in quarter 2 FY '26 with EBITDA reaching INR721 crores, a robust 145% increase year-on-year. The EBITDA margin improved by 460 basis points to 18.6%

the company has recognized an incremental net deferred tax asset of INR<strong>718 crore</strong>s based on reasonable certainty of future profits. This brings the total DTA, that is Deferred Tax Asset, cumulated DTA, as on September '25 to INR1,229 crores, which provides a t ax shield on future profits to the tune of INR5,000 crores. We remain committed to achieving our FY '26 guidance of 60% year-on-year growth across all key performance parameters.