Shares of Suzlon Energy are in focus today following a 7.3 per cent rise in its consolidated net profit to ₹324.32 crore in the June quarter compared to ₹302.29 crore in the corresponding quarter last year, driven mainly by higher revenues.
The revenue from operations soared nearly 55 per cent to ₹3,117.33 crore during the quarter under review as against ₹2,015.98 crore in the year-ago period. The EBITDA rose to ₹599 crore in the quarter from ₹370 crore in the year-ago period.
The company received 1 GW of orders in the quarter, taking its total order book to 5.7 GW.
Girish Tanti, Vice Chairman, Suzlon Group, said, “The rising demand from C&I and PSU customers, along with a strong base of repeat orders, reflects the trust in Suzlon’s technology leadership and execution capabilities.”
Himanshu Mody, Chief Financial Officer, Suzlon Group, said, “The company recognised Deferred Tax Assets of ₹630 crore last quarter, which is now unwinding, resulting in a deferred tax charge of ₹134 crore in Q1 FY26. This is purely an accounting adjustment with no cash impact.”
The board approved appointment of Vinod R Tanti as the Chairman and Managing Director and Girish R Tanti as the Executive Director of the company for a further term of five years, i.e. from October 7, 2025, up to October 6, 2030.
Himanshu Mody has resigned as the Chief Financial Officer of the company with effect from the close of business hours of August 31, 2025.
Brokerages have broadly maintained favourable outlook on the stock. Nuvama Institutional Equities remain positive on Suzlon, but trimmed FY26 and FY27 EPS by 4 per cent and 1 per cent, respectively, to factor in softer realisation as the EPC mix remains low. The brokerage retained hold call at a revised target price from ₹68 to ₹67 per share.
Motilal Oswal has reiterated buy at a target price of ₹80 per share. The brokerage counted on Suzlon’s strong execution at 444MW, EPC share up 22 per cent of the order book, steady per MW realisations in the WTG segment and healthy EBITDA margins.
The stock declined 4.29 per cent to ₹60.41 at 12.39 pm on the BSE, moderating between intraday high and low of ₹63.82-₹60.10, against the previous close of ₹63.12
Published on August 13, 2025