Suzlon Energy's net profit dropped 69% year-on-year to ₹394 crore, heavily distorted by the absence of an ₹891 crore deferred tax benefit recognized in the prior year. Revenue advanced 26% to ₹4,869 crore, propelled by a 196% increase in project commissioning to 454 megawatts alongside 710 megawatts of wind turbine deliveries. However, profitability suffered as the EBITDA margin contracted to 14.8%, leading management to lower its full-year EBITDA margin projection from about 17% to roughly 15%.
Key points
Management lowered its full-year EBITDA margin guidance to approximately 15% after margin…: Management lowered its full-year EBITDA margin guidance to approximately 15% after margins narrowed to 14.8% during the quarter.
Brokerages broadly reduced their price targets due to growing concerns regarding profitab…: Brokerages broadly reduced their price targets due to growing concerns regarding profitability metrics and market competition.
ICICI Securities maintained a "BUY" rating with a ₹55 target, whereas JM Financial and Nu…: ICICI Securities maintained a "BUY" rating with a ₹55 target, whereas JM Financial and Nuvama adopted more cautious stances.
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Suzlon Energy share price: Shares of Suzlon Energy plunged almost10% to a 52-week low of ₹33.21 on Friday, October 30, after the renewable energy company reported its September-quarter results. The stock opened at ₹36.09 before extending its losses.
Suzlon shares have fallen 46% from their 52-week high of ₹61.45, recorded in November 2025. The stock has declined 8% in one week, 13% in one month, 27% in three months, 38% in six months and 41% over the past year. However, it has delivered multibagger returns over the longer term, rising 455% in five years.
Suzlon Energy reported a 69% year-on-year decline in consolidated net profit to ₹394 crore for the September quarter, compared with ₹1,279 crore a year earlier. Revenue, however, increased 26% to ₹4,869 crore from ₹3,866 crore, supported by record wind turbine deliveries and improved project execution.
The sharp reported profit decline largely reflected a high base in the year-ago quarter, when Suzlon recognised a one-time deferred tax asset benefit of ₹891 crore. Excluding this benefit, comparable profit after tax rose 1.3% from ₹389 crore in the September…
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