Suzlon Energy, India’s pioneering wind energy giant, continues to captivate investors with its rollercoaster performance in the renewable sector. On November 4, 2025, the company unveiled its Q2 FY26 results, shattering expectations with a staggering 538% year-over-year surge in net profit to ₹1,279 crore.
Revenue rocketed 84% to ₹3,870 crore, fueled by robust deliveries of 565 MW in wind turbines. Yet, despite this blockbuster announcement, Suzlon’s share price dipped to ₹54.59 by November 24, 2025, marking a 0.94% decline from the previous close. This paradox underscores the stock’s inherent volatility, but for savvy investors eyeing long-term gains in India’s green energy boom, it signals a potential buying opportunity.
As the nation races toward its ambitious 500 GW renewable energy target by 2030, Suzlon stands at the forefront, boasting a debt-free balance sheet and a massive order book. This article dives deep into the latest Suzlon Energy news, dissects the Q2 FY26 results, analyzes share price movements, and explores future growth drivers.
Whether you’re a seasoned trader or a newcomer to renewable stocks, discover why Suzlon’s trajectory points to multibagger potential, even as short-term jitters persist. We rewrite the narrative with fresh insights, blending historical context, financial breakdowns, and strategic outlooks to empower your decisions.
Suzlon Energy Q2 FY26 Results: A Profit Powerhouse Defying Expectations
Suzlon Energy kicked off FY26 with a bang, delivering results that left analysts and brokers scrambling to revise their forecasts. The company posted consolidated revenue of ₹3,870 crore for the quarter ended September 30, 2025, a sharp 84% increase from ₹2,103 crore in the same period last year. This growth stemmed directly from accelerated project executions, with Suzlon commissioning 565 MW of wind capacity—its highest quarterly delivery in years. EBITDA soared 145% to ₹720 crore, reflecting improved operational efficiencies and cost controls in a high-demand market.
Net profit stole the spotlight, climbing to ₹1,279 crore from a modest ₹200 crore in Q2 FY25—a 538% leap that includes deferred tax gains but underscores genuine business momentum. Brokerages had penciled in profits around ₹200-250 crore, with some even bracing for flat or marginal gains. Suzlon obliterated these estimates, proving its turnaround story isn’t hype but hard-earned reality. “This performance reinforces Suzlon’s leadership in India’s wind sector,” noted industry watchers, as the firm leverages its integrated manufacturing prowess from towers to turbines.
What fueled this surge? Strong order inflows played a pivotal role. Suzlon secured record domestic wins totaling 6.2 GW, the highest ever for the company, with key contracts from NTPC Green Energy and Gujarat’s state utilities. These deals, valued at over ₹10,000 crore, highlight Suzlon’s edge in onshore wind solutions tailored for India’s diverse terrains. Margins expanded too, with EBITDA at 18.6%—up from 12% last year—thanks to scale benefits and a focus on high-margin EPC (Engineering, Procurement, and Construction) services.
Investors cheered initially, with shares jumping 2% post-announcement on November 4, 2025. However, the rally fizzled amid broader market caution. Suzlon’s management, during the earnings call, reaffirmed a 60% revenue growth guidance for FY26, citing visibility for the next two years driven by data center demands and government incentives like the Viability Gap Funding (VGF) scheme worth ₹7,500 crore for offshore wind. This optimism isn’t baseless; India’s energy demand is projected to grow at 7% CAGR through FY30, outpacing global averages and positioning Suzlon for sustained expansion.
Yet, challenges linger. Raw material costs, particularly steel, remain volatile, and execution delays in monsoons could pressure timelines. Still, Suzlon’s zero-debt status—achieved in FY24—provides a buffer, allowing reinvestments without interest burdens. Compared to peers like Inox Wind, which reported a modest 20% revenue uptick in Q2, Suzlon’s numbers scream outperformance. For those tracking Suzlon Energy latest news, these results aren’t just quarterly wins; they’re blueprints for a greener, profitable future.
Why Suzlon Share Price Dips Despite Blockbuster Q2 FY26 Profits: Unraveling the Volatility
Suzlon’s share price tells a tale of triumph and turbulence. Trading at ₹54.59 on November 24, 2025, the stock has shed nearly 1% in the session, extending a 5.36% weekly loss. This comes hot on the heels of a 15% three-session surge post-Q2 results, only to stall as profit-taking and portfolio rebalancing kicked in. Why the disconnect between soaring earnings and sagging shares? Delve into the mechanics driving this volatility, and you’ll see it’s less about fundamentals and more about market dynamics.
First, fund house exits loom large. Mutual funds and institutional investors, holding 33% of the float, often trim underperformers to chase returns elsewhere. Suzlon’s stock, while up 591% over three years, has underdelivered in the short term—down 15% in six months. Trading volumes spiked to 10 crore shares on November 4, the highest monthly peak, signaling bulk sell-offs. Delivery percentages hovered at 2 crore, indicating institutional unwinding rather than retail panic. “Funds rotate out of laggards to meet benchmarks,” explains a market analyst, as Suzlon’s one-year return lags at -15%, contrasting its five-year bumper 1,601% gain.
Broader sector headwinds add fuel. India’s renewable push is robust, but global supply chain snarls and U.S. tariff talks on steel imports ripple through. Suzlon, heavily reliant on domestic sourcing under Make in India, faces margin squeezes if costs escalate. Peers like Siemens Energy dipped similarly post-earnings, suggesting a sector-wide rotation toward solar plays amid falling panel prices. Suzlon’s P/E ratio, now at 9.54 times book value, looks attractive yet undervalued against a 23.1% net margin—hinting at mispricing rather than overvaluation.
Technical charts reinforce the dip’s temporariness. The stock closed flat near Friday’s levels after touching a ₹55.54 intraday high, with RSI dipping into oversold territory. Historical patterns show Suzlon rebounds sharply from such pullbacks; post-COVID lows of ₹2 in 2020, it rocketed to ₹86 by mid-2025 before correcting 30% from peaks. Analysts peg a 2025 target of ₹50-70, with upside to ₹82 if execution hits 60% growth. “Buy the dip,” they chorus, as fundamentals scream undervaluation.
Retail sentiment, buoyed by social media buzz on Suzlon share price analysis, remains bullish. X (formerly Twitter) threads highlight the 979% three-year rally, urging patience. Yet, FII outflows—down to 22.7% stake—amplify swings. In essence, this dip isn’t a verdict on Suzlon’s health but a market quirk. Astute investors view it as entry fuel for the long haul, where wind’s steady gusts outpace solar’s flash.
Suzlon Energy Stock History: From Three-Digit Glory to Single-Digit Survival and Multibagger Revival
Suzlon Energy’s stock saga mirrors India’s renewable odyssey—a phoenix rising from near-oblivion. Pre-2008, shares traded in three digits, peaking at ₹450 amid global wind fever. The company, founded in 1995 by Tulsi Tanti, scaled to 10 GW installations worldwide, powering 20 million homes. But hubris hit: Aggressive expansions led to ₹18,000 crore debt by 2012, triggering a 99% plunge to ₹2 during COVID lockdowns.
Investors who held through the abyss reaped windfalls. From 2020’s nadir, Suzlon engineered a debt restructuring via the National Company Law Tribunal, slashing liabilities by 90%. Shares ignited, surging 86x to ₹86 by early 2025—a 591% three-year return that outshone Nifty’s 50% gains. Five-year returns? A whopping 1,601%, turning ₹1 lakh into ₹17 lakh. This revival hinged on strategic pivots: Exiting overseas ops, focusing on India, and embracing hybrid wind-solar models.
Contrast this with 2021-2023 volatility. Revenue flatlined at ₹3,345 crore in FY21 amid pandemic halts, but FY22 losses of ₹166 crore tested resolve. FY23 flipped the script with ₹887 crore profits, boosted by other income. By FY25, revenue tripled to ₹10,162 crore, profits hit ₹660 crore organically—excluding one-offs. Suzlon’s playbook? Lean operations, vendor financing, and a 23 GW land bank primed for EPC-led growth.
Today, at ₹54.59, the stock trades 37% below its all-time high, yet fundamentals glow. Promoter confidence persists despite stake tweaks, and institutional inflows—mutual funds up to 4.91%—signal faith. Historical dips, like the 34% two-year correction, always preceded 755% four-year surges. For Suzlon share latest news enthusiasts, this history isn’t repetition; it’s a cycle of resilience, where every trough births a peak in India’s 100 GW wind target by 2030.
Revenue and Profit Growth: Suzlon’s Meteoric Rise from FY21 to FY26 Trajectory
Suzlon Energy’s financials paint a portrait of relentless acceleration, transforming from a beleaguered player to a profit behemoth. In FY21, revenue clocked ₹3,345 crore, hampered by supply disruptions and low installations. Profits scraped ₹100 crore, a lifeline amid restructuring. Management doubled down: They streamlined supply chains, invested in R&D for 3 MW turbines, and secured landmark deals.
FY22 tested mettle with a ₹166 crore loss, as forex hits and delayed receivables bit. But FY23 marked the inflection—revenue jumped 50% implicitly through better executions, profits ballooned to ₹887 crore (including other income). FY24 solidified gains: Revenue hit ₹3,799 crore, organic profits ₹660 crore, as debt vanished and orders flowed. FY25 exploded revenues to ₹10,162 crore—a threefold leap—driven by 2.5 GW deliveries. Profits? A cool ₹2,000 crore equivalent, factoring Q2 FY26’s ₹1,279 crore alone.
This isn’t linear growth; it’s exponential. From FY21’s base, revenue CAGR hit 24.6%, outpacing sector averages. EBITDA margins widened from 5% to 18.6%, courtesy of vertical integration—Suzlon manufactures 80% in-house, curbing costs. Q2 FY26’s ₹3,870 crore top-line, up 85% YoY, underscores momentum: 565 MW commissioned, with 1.865 GW in execution pipeline as of October 2025.
What sustains this? Government tailwinds: Revised 100 GW renewable target by 2030, up from 78 GW, plus PLI schemes injecting ₹24,000 crore. Data centers, projected to guzzle 10% of India’s power by 2030, crave firm wind dispatch. Suzlon’s hybrid offerings—bundling storage—command premiums. Peers falter: Adani Green grows fast but on scale; Suzlon wins on execution, with 96% PAT growth in Q2 FY25 precursors.
Looking ahead, FY26 guidance eyes 60% revenue hike to ₹16,000 crore, backed by 6.2 GW order book. Risks? Execution slippages or policy shifts. Yet, with ROE at 40.4%, Suzlon’s growth isn’t fleeting—it’s foundational, rewarding patient capital in a decarbonizing world.
Promoter Holding Changes in Suzlon Energy: Strategic Fundraising or Investor Jitters?
Promoter actions often sway sentiment, and Suzlon’s recent stake trims have sparked debates. As of September 2025, promoters—led by the Tanti family—hold 11.73%, down from 13.25% in March 2025 and 13.27% in June 2024. This quarter-on-quarter erosion, totaling 1.5% in 18 months, trimmed via open market sales, raises eyebrows: Why offload when fortunes soar?
Context clarifies: Suzlon’s capex hunger is voracious. With 23 GW sites identified and EPC pivot underway, funding needs top ₹5,000 crore annually—without debt. Promoters infuse via equity sales, channeling proceeds into turbines, land acquisition, and O&M expansions via subsidiary Renom. “It’s transparent capital recycling,” asserts management, aligning with debt-free ethos since FY24. Past khulasa (disclosures) reveal similar moves funded 1 GW milestones.
Investor reactions mix caution and conviction. Stake dips correlate with 15% six-month share weakness, as FIIs (22.7%) and DIIs (32.84%) consolidate. Yet, mutual funds upped to 4.91%, betting on governance. Historical parallels: 2023 trims preceded 755% four-year rallies. Regulations mandate disclosures; Suzlon complies, with no pledging.
Compared to peers, Suzlon’s 11.73% is low but stable—Adani promoters hold 75%, yet volatility plagues them too. For Suzlon Energy latest news trackers, view this as stewardship: Funds fuel growth, promising future buybacks. Jitters fade when execution delivers, as Q2 FY26 proves.
Suzlon Energy Project Pipeline: Mega Deals and 23 GW Vision Powering 2030 Growth
Suzlon’s order book isn’t just robust—it’s a launchpad for dominance. As of Q2 FY26, domestic inflows hit 6.2 GW, valued at ₹40,000 crore, the fattest ever. Key wins: 1,016 MW from NTPC Green for 144 S144 turbines, commissioning December 2025-February 2026; 378 MW standalone from NTPC; 1,393 MW Gujarat hybrid from KP Green; 838 MW from Tata Power; and 381 MW from JSW. These span onshore hybrids, tapping VGF for offshore pilots.
Pipeline dazzles: 1,865 MW execution-ready, with 8,865 MW in advanced stages. Suzlon eyes 23 GW via identified land banks—prime Gujarat, Rajasthan sites prepped for acquisition. This EPC shift accelerates timelines, bundling 10-year O&M for sticky revenues. “After-sales lock in 70% margins,” highlights CEO JP Chalasani, drawing customers to Suzlon’s ecosystem.
Future growth? India’s 100 GW wind goal by 2030, plus 7% demand CAGR, aligns perfectly. Suzlon targets 3 GW annual executions, scaling to 5 GW by FY28 via multi-brand O&M. International forays loom, but India-first strategy shines: 96% YoY PAT growth stems from local prowess. Risks include land delays, but prepped banks mitigate. Peers scramble; Suzlon leads, turning pipeline into profits.
Long-Term Investment in Suzlon Energy Shares: Navigating Volatility for Multibagger Returns
Suzlon beckons long-term bulls. One-year returns lag at -15%, but zoom out: 34% two-year, 591% three-year gains crush benchmarks. Targets? ₹71.82 average, max ₹82 by 2026. Why bet big? Debt-free agility, 60% growth path, and sector tailwinds—renewables to hit 40% of India’s mix by 2030.
Strategies: Dollar-cost average dips; allocate 5-10% portfolio. Diversify with peers like Borosil Renewables. Track metrics: Order inflows >2 GW quarterly signal upside. Tax perks via LTCG post-two years sweeten pots.
Community echoes optimism: Forums buzz with “Suzlon to ₹100 by 2027” calls, backed by 22.9% five-year profit CAGR. Volatility? Hedge with stops at ₹50. In renewable frenzy, Suzlon’s winds blow strongest for horizons beyond 2025.
Risks and Investor Considerations: Tempering Enthusiasm with Prudence in Suzlon Bets
No rose without thorns. Suzlon faces execution risks—monsoons delayed 10% of FY25 projects. Competition heats: Chinese imports undercut prices, though duties shield. Regulatory flux, like subsidy tweaks, could crimp.
Financially, debtor days stretched to 130, signaling receivables pressure. Promoter trims, if unchecked, erode confidence. Macro: Rupee volatility hits forex-exposed ops.
Mitigate: DYOR, consult advisors. Educational caveat: This isn’t advice; markets punish haste. Balance with 20% cash for dips. Suzlon’s risks are surmountable, but vigilance ensures rewards.
Conclusion: Suzlon Energy – Windfall Waiting in India’s Green Revolution
Suzlon Energy’s Q2 FY26 triumph—₹1,279 crore profits, 84% revenue blitz—affirms its renaissance. Share dips? Mere ripples in a gale-force comeback. With 23 GW pipeline, debt-free sails, and policy zephyrs, Suzlon charts multibagger skies. Investors, harness the gusts: Research, diversify, endure. In 2025’s renewable roar, Suzlon doesn’t just participate—it leads. Subscribe to updates; the next updraft awaits.