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Suzlon Energy shares fell 4 percent after Q1 FY26 results and CFO resignation. Net profit rose 7.3 percent to Rs 324.32 crore, revenue surged 55 percent to Rs 3,132 crore.
Suzlon Energy Share Price
Suzlon Share Price: Suzlon Energy shares slipped up to 4 percent in early trade on Wednesday after the company announced its June quarter results and the resignation of its chief financial officer.
For Q1 FY26, the wind turbine maker posted a 7.3 percent year-on-year rise in consolidated net profit to Rs 324.32 crore, compared with Rs 302.29 crore in the year-ago period. Revenue from operations surged 55 percent to Rs 3,132 crore from Rs 2,021 crore a year earlier.
EBITDA grew 62.4 percent to Rs 598.2 crore from Rs 368.3 crore, while margins improved to 19.1 percent from 18.2 percent.
According to Business Today, global brokerage Nuvama said the results, driven by execution of 444 MW, were slightly below expectations, with revenue coming in 6 percent lower than estimated due to softer realisations from a reduced EPC mix. It lowered its target price to Rs 67 from Rs 68.
Meanwhile, Investec maintained its ‘buy’ rating with a target price of Rs 70, highlighting strong execution, a record-high order book, net cash position and robust return ratios.
Suzlon also announced that CFO Himanshu Mody will step down on August 31, 2025, and that the appointment of his successor is in the final stages.
Suzlon Energy reported a 7.2% year-on-year (YoY) rise in net profit to Rs 324 crore in Q1 FY26, compared with Rs 302 crore in the same quarter of FY25.
On the operational front, EBITDA surged 60% to Rs 585 crore from Rs 364 crore, aided by a positive inventory adjustment of Rs 550 crore. The EBITDA margin expanded by 70 basis points to 18.78% during the quarter.
However, on a sequential basis, revenue fell 18% from Rs 3,773 crore in the previous quarter. Net profit also dropped sharply—down 72% quarter-on-quarter (QoQ)—as the preceding quarter had included a Rs 600 crore writeback, which had boosted profit to Rs 1,180 crore.
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Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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