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Suzlon Energy reported sharp quarterly revenue growth driven by stronger turbine deliveries nationwide.
Brokerages retained bullish ratings, citing an expanding order book and an improving outlook for renewable energy demand.
Suzlon shares gained significantly despite broader market weakness following a positive fourth-quarter earnings announcement.
Suzlon Energy Shares traded in the green zone on Tuesday after the company reported strong Q4 FY26 results. According to TradingView data, Suzlon Energy’s share price stood at Rs. 54.96, 1.97 percent upside during the trading session. The stock also touched an intraday high of Rs. 55.49 as investor sentiment improved following the earnings announcement.
The rally came despite weakness in broader benchmark indices, with investors focusing on Suzlon’s strong revenue growth, expanding order pipeline and optimistic brokerage outlook.
Suzlon Energy reported a sharp 44.86 percent year-on-year rise in revenue from operations during the January-March quarter of FY26. Revenue increased to Rs. 5,468 crore from Rs. 3,774 crore recorded in the same quarter last year.
The company, however, posted a marginal decline in profitability. Consolidated net profit slipped 5.6 percent to Rs. 1,114 crore compared to Rs. 1,181 crore in the corresponding quarter last year. The decline was mainly due to lower deferred tax benefits during the quarter.
On a full-year basis, Suzlon delivered stronger performance. The company’s consolidated net profit climbed to Rs. 3,163 crore in FY26 from Rs. 2,072 crore in FY25. Annual revenue from operations also jumped significantly to Rs. 16,679 crore from Rs. 10,851 crore in the previous fiscal year.
The growth reflected improving execution in wind turbine deliveries and rising demand across India’s renewable energy sector.
Suzlon ended FY26 with a closing order book of 5,892 MW, compared to nearly 5 GW at the beginning of the financial year. Around 66 percent of the orders came from commercial, industrial, and PSU clients.
Analysts believe the robust order pipeline provides strong revenue visibility for the company over the next few years. Brokerage firms also highlighted Suzlon’s increasing focus on EPC operations, which may improve execution quality and operational margins.
The EPC contribution in the order book rose to 28 percent from 20 percent during the first half of FY26. The company aims to increase the EPC mix to nearly 50 percent by FY28.
Also Read: Suzlon Energy Q4: Revenue Soars 45% to Rs. 5,468 Crore While Profit Dips 6%
Brokerage firms maintained positive views on Suzlon Energy after reviewing the March-quarter earnings.
ICICI Securities retained a ‘Buy’ rating with a target price of Rs. 65, implying nearly 18 percent upside from the current market price. Analysts said Suzlon successfully achieved its FY26 guidance of 2.5 GW wind turbine deliveries.
Systematix Institutional Equities maintained a ‘Buy’ call and raised the target price to Rs. 71, suggesting nearly 29 percent upside potential. The brokerage remained optimistic on Suzlon’s leadership in India’s wind energy market and its growing renewable energy pipeline.
JM Financial also retained its positive stance and revised the target price to Rs. 65 from Rs. 64. Analysts noted that execution remains the key challenge for the company, although operational improvements and better working capital management remain encouraging signs.
Motilal Oswal has also maintained its ‘Buy’ rating on Suzlon Energy, with a target price of Rs. 65, implying 20% upside. The brokerage said key monitorables for the company include the pace of fresh order inflows, project deliveries, and installations during FY27 and FY28, which will be crucial for sustaining the current growth trajectory.
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While analysts remain bullish on Suzlon’s long-term growth story, they continue monitoring project execution delays closely. Over the last eight quarters, Suzlon delivered more than 4,000 MW of wind equipment, but commissioning levels remained relatively lower.
Nearly 971 MW of wind turbine generators are currently erected and awaiting commissioning. Analysts expect FY27 to witness faster commissioning activity, which could improve cash flows and revenue recognition.
Suzlon also closed FY26 with a healthy net cash position of nearly Rs. 23.84 billion, strengthening its balance sheet and expansion capability.
Suzlon Energy is still one of the strongest performers in India’s renewable energy segment over the long term. According to BSE data, the stock has surged nearly 904 percent in the last five years and around 290 percent over the past decade.
Although the stock has seen volatility in recent months, analysts believe India’s renewable energy expansion plans and rising wind power demand could continue to support Suzlon’s long-term growth trajectory.
1. Why did Suzlon Energy shares rise today?
Suzlon shares gained after the company reported strong Q4 FY26 revenue growth and brokerages maintained bullish target prices.
2. What is Suzlon Energy’s current share price?
According to TradingView data, Suzlon Energy shares traded at Rs 54.96, up nearly 2 percent during Tuesday’s session.
3. How much revenue did Suzlon report in Q4 FY26?
Suzlon Energy reported revenue of Rs 5,468 crore in Q4 FY26, marking nearly 45 percent year-on-year growth.
4. What target prices have brokerages given Suzlon Energy?
Brokerages, including ICICI Securities and Systematix, gave target prices between Rs 65 and Rs 71 for Suzlon shares.
5. What remains the biggest challenge for Suzlon Energy?
Analysts believe project execution and commissioning delays remain major challenges despite strong order book growth and rising demand.
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