Wind turbine manufacturer Suzlon Energy Ltd. is scheduled to release its financial results for the quarter and half-year ending September 30, 2026, today, October 29. The company will also host a conference call for analysts and investors later today.
Ahead of the announcement, shares of Suzlon Energy opened nearly half a percent higher at Rs 37.55, with a market capitalization exceeding Rs 51,500 crore. The stock has seen a decline of over 39 percent from its 52-week high of Rs 61.45, recorded in November 2025, and is down 30 percent year-to-date in 2026.
Analyst Expectations for Q2 Performance
Brokerages largely anticipate healthy revenue growth for Suzlon, buoyed by a robust order book and higher wind turbine deliveries. Revenue is projected to increase by approximately 21-24 percent year-on-year (YoY), with estimates ranging from Rs 4,670 crore to Rs 4,815 crore. JM Financial and Motilal Oswal Financial Services, for instance, project deliveries of 660 MW and 665 MW respectively, up from 565 MW in the same quarter last year.
EBITDA and Margin Projections
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is expected to grow at a slightly slower pace of 7-10 percent YoY, reaching Rs 770 crore to Rs 795 crore. Analysts suggest that margins may face some pressure. JM Financial forecasts an EBITDA margin of 16.3 percent, while Motilal Oswal projects 16.6 percent. Anand Rathi Share and Stock Brokers, however, anticipate a year-on-year contraction in margins to 16.1 percent.
Mixed Profit Estimates
Profit estimates for Suzlon's Q2 remain mixed among brokerages. JM Financial expects a net profit of Rs 578.1 crore, marking a 3 percent YoY increase. In contrast, Anand Rathi estimates a 17.5 percent decline to Rs 463.2 crore, and Motilal Oswal projects an 18 percent dip to Rs 459.6 crore. Nuvama estimates core PAT (Profit After Tax) to be Rs 437.8 crore, a significant 66 percent YoY decrease. Key monitorables for investors will include delivery execution, margin performance, and overall profitability.
Brokerage Target Prices for Suzlon Shares
According to Bloomberg data, ten brokerages track Suzlon Energy, with nine maintaining a 'Buy' rating. Their target prices suggest an upside potential of 25-100 percent from the current market price. Nuvama Institutional Equities is the sole brokerage with a 'Hold' rating, setting a target price of Rs 51.
- JM Financial: Rs 46
- Ambit: Rs 59
- Systematix: Rs 63
- Axis Capital: Rs 64
- Motilal Oswal, Anand Rathi, ICICI Securities: Rs 65 each
- UBS: Rs 66
- Investec: Rs 67
- Centrum Broking: Rs 74
Disclaimer: This article provides market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.