Suzlon Energy Ltd., a prominent wind turbine manufacturer, is gearing up to release its second-quarter and half-year financial results for the period ending September 30, 2026. The company has informed exchanges that the results will be announced on Thursday, October 29, 2026. Following the announcement, Suzlon will host a conference call with investors and analysts, commencing at 5:30 pm on the same day.
Suzlon Shares Face Recent Headwinds
The announcement comes as Suzlon Energy's shares have experienced significant volatility. As of October 27, 2026, the stock saw a decline of over 2.3 percent from its day's high, falling from Rs 37.59 to Rs 36.72. This movement pushed the company's market capitalization below the Rs 50,000 crore mark. Over a broader period, Suzlon shares have dropped more than 40 percent from their 52-week high of Rs 61.45, hitting a 52-week low of Rs 36.30 earlier this week.
Analyst Expectations for Q2 Performance
Brokerage firms anticipate a mixed performance for Suzlon Energy in Q2 FY27. Analysts expect the company to report double-digit revenue growth year-on-year (YoY), driven by increased deliveries and a robust order book. However, sequential (QoQ) margins are projected to contract slightly.
Nuvama Institutional Equities Outlook
- Revenue: Expected to reach Rs 4,788.6 crore, marking a 24 percent increase YoY and 25 percent QoQ.
- EBITDA: Projected at Rs 795.2 crore, up 10 percent YoY and 34 percent QoQ.
- Core PAT: Estimated at Rs 437.8 crore, a significant decrease of 66 percent YoY and 43 percent QoQ.
- Execution: Nuvama forecasts 690 MW of execution in Q2 FY27, with an annual target of 3 GW.
- Margins: Q2 margins are expected to hover around 16.6 percent.
Key factors for investors to monitor include further execution ramp-up, margin stability, and the potential impact of any deferred tax adjustments in the upcoming results.
Brokerage Ratings and Target Prices
According to Bloomberg data, ten domestic and international brokerages currently cover Suzlon Energy. A strong majority of nine brokerages maintain a 'Buy' rating on the stock, with their target prices suggesting a potential upside ranging from 25 to 100 percent from current levels. Nuvama Institutional Equities, however, holds a 'Hold' rating with a target price of Rs 51.