According to reports from NDTV Profit, brokerage Systematix has issued 'Buy' ratings for both Inox Wind Ltd. and Suzlon Energy Ltd. ahead of their Q1 FY27 results announcement. The brokerage expects the two companies to deliver steady quarterly performance, supported by continued project execution despite the seasonally weaker quarter.
As reported by NDTV Profit, India's wind sector remains structurally positive, but the Q1 FY27 capacity addition of 1.35GW reflects a softer commissioning cycle and rising execution bottlenecks. The latest data shows this capacity addition was down 18% YoY and 15% QoQ, indicating continued challenges in the sector's growth trajectory. The brokerage notes that historically, Q1 and Q2 are relatively weaker quarters, with companies typically executing only 30-35% of their full year potential during H1 FY27.
According to Systematix estimates reported by NDTV Profit, the two companies are projected to deliver combined revenue and Ebitda growth of 17% YoY and 14% YoY, respectively. The brokerage expects consolidated Ebitda and PAT margins to average ~20% and ~10%, respectively, in Q1 FY27E. These projections indicate steady operational performance despite the seasonal challenges and the current quarter's capacity addition decline.
As reported by NDTV Profit, the brokerage maintains its positive stance on the wind sector despite the current quarter's challenges and the softer commissioning cycle. The expectation of steady performance from both Inox Wind and Suzlon Energy suggests confidence in the underlying fundamentals of the wind energy sector, even as execution cycles face temporary headwinds and quarterly numbers are likely to reflect normal seasonality.
