Suzlon Shares Slip to Rs. 60.4 After Q1 FY26 Results and CFO Exit

Broker Targets for Suzlon Shares Remain in the Rs. 75– Rs. 80 Range Despite Short-Term Price Volatility

Written By:

Reviewed By:

Published on:

14 Aug 2025, 7:27 am

Overview

Suzlon reported Q1 FY26 net profit of Rs. 324 crore with revenue up 55% to Rs. 3,132 crore.
The company achieved record quarterly deliveries of 444 MW and holds a 5.7 GW order book.
Net cash position reached Rs. 1,620 crore after years of debt reduction.

Suzlon share price currently trades around Rs. 60 to Rs. 61 in mid-August 2025. On Wednesday, August 13, the stock closed at approximately Rs. 60.4 after dropping nearly 4.3 percent. On Thursday morning, August 14 (IST), even the early quotes remain near Rs. 60–61, showing a sustained pullback from last week’s mid-60s levels. Over the last year, the stock has experienced a wide range, from about Rs. 46 at the low end to around Rs. 86 at the high end.

Key Recent Drivers

Two main developments shaped the movement of Suzlon stocks this week. The company announced its June-quarter results (Q1 FY 26), which showed healthy revenue growth and stable profits. The Group CFO resigned, a surprising move that coincided with some profit-booking and a short-term dip in the share price.

Analysts continue to believe in the longer-term potential of Suzlon shares, though they acknowledge that this management change introduces near-term uncertainty.

Quarterly Performance in Q1 FY 26

In the June quarter, Suzlon posted a net profit of Rs. 324 crore, up about 7 percent compared to the same quarter last year. Revenue rose by roughly 55 percent to approximately Rs. 3,117–3,132 crore. EBITDA surged about 62 percent to close to Rs. 599 crore, giving a margin near 19 percent.

The company secured fresh orders totaling 1 GW during the quarter, delivered a record 444 MW, and closed the quarter with an order book of about 5.7 GW. Notably, Suzlon reported a net cash balance of around Rs. 1,620 crore as of June 30, 2025, a significant milestone following years of reducing debt.

Performance in FY 25

Fiscal year 2025 marked the company’s best performance in over a decade. Consolidated revenue for the year reached Rs. 10,851 crore, EBITDA came in at Rs. 1,857 crore (yielding a margin of about 17.1 percent), and profit after tax totaled Rs. 2,072 crore. In the final quarter (Q4 FY 25), the company posted Rs. 3,774 crore in revenue and Rs. 1,181 crore in profit after tax.

This level of scale and execution has been praised in financial commentary and analyst reports as a powerful inflection point in Suzlon’s turnaround.

Also Read - Suzlon Q1 Results: Share Price Gains 20% in 3 Months, Brokerages See Upside

Order Book, Deliveries, and Policy Tailwinds

A strong order pipeline remains in place, with approximately 5.7 GW on the books. The delivery of 444 MW in Q1 FY 26 was the highest ever recorded in a first quarter by the company. Sector demand continues to benefit from government policies like the ALMM (Approved List of Models and Manufacturers) framework, which encourages domestic manufacturing standards.

The company expects strong demand from auctions led by public sector undertakings, growing hybrid and round-the-clock renewable energy tenders, and multi-gigawatt repowering opportunities. These trends position Suzlon’s domestic manufacturing capability as a potential export hub as well.

Putting the Share Price in Perspective

Even with robust business metrics, the share price has cooled following recent news. After the earnings release and CFO resignation, the stock fell over 4 percent on August 13. However, brokerages maintained constructive outlooks, with target prices ranging from mid-70s up to around Rs. 80. These targets highlight confidence in record deliveries, a solid order book, and long-term demand strength, showing that the market view remains cautiously optimistic despite short-term volatility.

Market Capitalization and Liquidity

Suzlon is among the most actively traded renewable energy stocks on Indian exchanges. Daily trading volumes typically span tens to hundreds of millions of shares. Based on recent prices, market capitalization stands in the Rs. 85,000 to Rs. 90,000 crore range, placing it among the top stocks in India’s clean-energy sector.

High liquidity allows easy price discovery but can also lead to sharp swings in response to news and sentiment shifts.

Technical Picture and Volatility

Technically, the stock has slipped from the mid-60s into the low-60s this week, as illustrated by daily price moves from Rs. 63.1 on August 12 down to approximately Rs. 60.4 on August 13. Some technical indicators flagged bearish signals, such as moving-average crossovers. Still, the year’s high-low range of Rs. 46 to Rs. 86 underscores the stock’s volatility and scope for large moves as sentiment fluctuates.

Key Execution Variables to Watch

Three execution-related Suzlon news and factors merit close observation. The ability to convert deliveries into actual installations and commissions remains critical; in recent quarters, installations have lagged deliveries. The pace of new orders must stay ahead of deliveries to sustain factory utilization and services momentum.

Policy developments, especially in hybrid and round-the-clock energy auctions, and reforms under ALMM can significantly influence the growth trajectory.

Strengthened Balance Sheet and Profit Quality

Suzlon’s balance sheet shows marked improvement. As of June 30, 2025, the company held a net cash balance, an achievement after several years of debt reduction. Profit quality has also improved, with double-digit EBITDA margins in FY 25 and strong margins sustained into Q1 FY 26, even amid increased delivery volumes. This healthier financial base allows Suzlon to bid more competitively, invest in manufacturing and services, and withstand short-term cost pressures.

Risks and Downdrafts

Key Suzlon shares news risks include potential slippage between deliveries and commissioning timelines, a slowdown in the tender pipeline, and cost pressures from raw materials or logistics. The CFO’s resignation adds leadership uncertainty to the mix. In addition, the high volumes and active retail participation in this stock can amplify sentiment-driven swings, evident in the 4 percent drop following earnings and news release.

Also Read - Generative AI: The New Frontier in Renewable Energy Management

Outlook

While the share price has softened in the short term, operational fundamentals look significantly stronger than a year ago. Suzlon enters FY 26 bolstered by record quarterly deliveries, a multi-gigawatt order pipeline, and net cash on the balance sheet, developments that were unlikely just a few years earlier.

Broker target prices in the Rs. 75 – Rs. 80 range reflect this confidence, though consistent execution over the coming quarters will be needed to sustain the narrative. With policy momentum, improved execution, and sustained cash generation, Suzlon could be well placed for the next leg of growth.