According to reports from ET Now, Suzlon Energy Limited reported a 5.74% year-on-year decline in consolidated net profit for the March quarter (Q4) of FY26. The company posted a consolidated profit of ₹1,114.35 crore in Q4 FY26 compared with ₹1,182.22 crore in the corresponding quarter of the previous financial year (Q4 FY5). However, revenue from operations during the quarter rose 45% year-on-year to ₹5,468.06 crore from ₹3,773.54 crore in Q4 FY5. The renewable energy company's earnings before interest, tax, depreciation and amortisation (EBITDA) stood at ₹964 crore in the March quarter, registering a growth of 39% year-on-year and 31% quarter-on-quarter. EBITDA margin for Q4 FY26 came in at 17.6%, which was roughly in line with estimates, compared with 18.4% in the year-ago period and 17.5% in the previous quarter.
As reported by ET Now, brokerage firm Nuvama has downgraded its rating on Suzlon Energy from 'BUY' to 'HOLD' while keeping its target price unchanged at ₹55. The brokerage notes that while the company's quarterly performance was satisfactory, management did not provide limited future visibility guidance regarding growth prospects for the upcoming two years. Furthermore, the company is facing increased liquidity pressure due to the execution of government orders and delays in certain projects. Consequently, the brokerage has marginally trimmed its profit forecasts for FY27 and FY28. On the other hand, brokerage firm Motilal Oswal is bullish on Suzlon Energy, maintaining 'BUY' rating on the stock with a target price of ₹65, representing an upside potential of approximately 20% from the current market price. According to Motilal Oswal's latest research report dated May 25, 2026, the brokerage has reiterated its buy recommendation with a target price of ₹65, applying a target P/E of 27x to FY28E EPS, in line with the company's historical average two-year forward P/E of 27x.
According to ET Now reports, Suzlon achieved its highest-ever annual and quarterly deliveries in India at 2,456 MW and 830 MW respectively. The company currently has an order book of nearly 5.9 GW, with 66% of orders coming from the PSU and commercial and industrial (C&I) sectors. The company no longer intends to limit itself solely to equipment supply; instead, it is placing increased emphasis on the business of executing and delivering entire turnkey projects. Motilal Oswal's latest analysis shows that FY26 deliveries stood at 2.5GW (+58.4% YoY), with revenue, EBITDA and APAT at ₹167/30/21 billion (+54%/63%/42% YoY) respectively.
As reported by ET Now, shares of Suzlon Energy were trading at ₹54.50, ₹0.62 or 1.15% higher from the previous ₹53.88, on the BSE at around 12.04 PM on Tuesday. The company achieved an annual growth rate of approximately 60% in FY26, indicating robust performance. However, the challenge lies in the fact that solar and battery storage projects are now expanding rapidly, which could somewhat constrain growth within the wind energy sector. Notably, the company continues to secure new orders consistently, with promising opportunities emerging from public sector undertakings (PSUs). According to Motilal Oswal's latest report, the company's consolidated revenue missed estimates by 7% at ₹54.9 billion as deliveries came in at 830MW (8% lower than estimates), while EBITDA came in 5% below estimates at ₹9.6 billion with an EBITDA margin of 18%.
