Why Suzlon Energy shares plunged more than 9% after Q1 results

Shares of Suzlon Energy tumbled over 9% on Tuesday after the renewable energy company reported a 6% year-on-year (YoY) decline in its June quarter profit, weighed down by temporary logistics disruptions arising from geopolitical tensions.

The renewable stock fell by as much as 9.4% to an intraday low of ₹48.15 on the BSE. The company's market capitalisation slipped to around ₹66,244 crore, with more than 1 crore shares changing hands, well above the two-week average trading volume of 30.66 lakh shares.

At the current level, Suzlon Energy shares are down 28% from their 52-week high of ₹66.80 touched on August 1, 2025, though they have rebounded 26% from the 52-week low of ₹38.17 hit on March 9, 2026. The stock has declined 8% so far in calendar year 2026, lost over 15% in the past month, and is down more than 20% over the past year.

The sell-off intensified following Suzlon’s June quarter earnings. The company's consolidated net profit declined 6% YoY to ₹305 crore in Q1 FY27 from ₹324 crore in the year-ago period. The revenue from operations, however, rose 22.5% to ₹3,819 crore from ₹3,117 crore in the corresponding period last year.

The global renewable energy solutions provider attributed the decline in profitability to temporary logistics disruptions caused by the prevailing geopolitical situation, which impacted execution during the quarter.

Despite the profit decline, Suzlon reported its “highest-ever first-quarter” deliveries of 506 MW, up 14% year-on-year, while commissioning surged 2.3 times to 269 MW.

As per the company, it recorded around 1 GW of new order additions during the quarter, including two major EPC orders from Tata Power and the Waaree Group, taking its cumulative order book to around 6.1 GW. About 84% of the order book comes from the PSU and commercial & industrial (C&I) segments, while the EPC share increased to 32% from 22% a year earlier.

During the quarter, Suzlon unveiled its S175 (5 MW) wind turbine platform in India and Europe and secured its first domestic order for the new platform. It also launched its Suzlon 2.0 strategy, which focuses on four business verticals - renewable energy technology, renewable energy development (DevCo), renewable energy projects, and renewable energy operations and maintenance services (RE AMS).

The board also approved the incorporation of a wholly owned subsidiary in Singapore to expand its international wind energy and operations and maintenance services business.

On the manufacturing front, Suzlon doubled the rotor blade manufacturing capacity at its Jaisalmer facility from 630 MW to 1,260 MW by adding two new production lines. Spread over 30 acres, the expanded plant can manufacture both S144 and S175 rotor blades and is expected to generate employment for more than 1,200 people.

Girish Tanti, Vice Chairman of Suzlon Group, said the company is investing in future growth through the Suzlon 2.0 strategy, while highlighting strong traction for the S175-5.x MW platform, growing demand for the S144-3.x MW platform, and deeper partnerships to support customers' energy transition.

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