Suzlon Energy shares fell nearly 14% over two days following its Q1 FY27 financial results. The company reported a 6% year-on-year decline in consolidated net profit to ₹305 crore. Revenue grew 22.5% to ₹3,819 crore, supported by record Q1 deliveries of 506 MW.
Profitability metrics disappointed investors as EBITDA margins shrank to 15.6% from 19.2% last year. EBITDA remained nearly flat at ₹595 crore. Management cited geopolitical supply chain issues, Suzlon 2.0 investments, and project mix changes for the margin pressure.
Brokerages including UBS, Nuvama, and Axis Capital lowered their price targets for the stock. Most analysts retained buy ratings, pointing to a robust order book and long-term growth. Management guided for full-year EBITDA margins of 17% to 18% with a stronger second half expected.