Suzlon Energy Surges on Robust Q2FY26 Results; Profit Jumps Seven-Fold

Suzlon Energy Limited's shares rose on Thursday, November 6, following the release of its second-quarter financial results for FY26. The stock touched an intraday high of ₹61.50 on the NSE, before some profit booking occurred, with shares trading around ₹60.15 later in the morning.

The company reported a substantial net profit of ₹1,278 crore for Q2FY26, a significant leap from ₹200 crore in the same quarter last year. This profit figure was bolstered by a tax write-back of ₹718 crore. Revenue for the quarter increased by 84% year-on-year, reaching ₹3,870 crore compared to ₹2,103 crore.

Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) also saw considerable growth, more than doubling to ₹720 crore from ₹293.4 crore in Q2FY25. The EBITDA margin expanded by 460 basis points to 18.6% from 14%.

Key operational highlights included the highest-ever Q2 deliveries for wind turbine generators (WTG) in India at 565 MW, a 179% year-on-year growth in Profit Before Tax (PBT) to ₹562 crore, and an order book that crossed 6 Gigawatts (GW), with over 2 GW added in the first half of FY26. Suzlon maintained a net cash position of ₹1,480 crore as of September 30, 2025, and boasts India's largest domestic wind manufacturing capacity at 4.5 GW.

Management commentary from Girish Tanti, Vice Chairman of Suzlon Group, emphasized building a future-ready organization focused on sustainable growth and expressed confidence in leading the market, citing the strong order book and long-term visibility of wind capacity targets.

Impact: This strong financial performance is likely to boost investor confidence in Suzlon Energy and the renewable energy sector. The significant profit and revenue growth, coupled with a strong order book, indicate positive business momentum. However, analysts caution about increasing competition from solar and battery storage projects, which could cap future growth. The stock's movement will be closely watched as it navigates these opportunities and challenges. Impact Rating: 7/10

Difficult Terms: * PAT (Profit After Tax): The profit a company makes after deducting all expenses, including taxes. * EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation): A measure of a company's operating performance before accounting for financing, tax, and non-cash charges. * EBITDA Margin: The ratio of EBITDA to revenue, indicating profitability from core operations. * Basis Points: A unit of measure equal to one-hundredth of one percent (0.01%). 460 basis points equals 4.6%. * WTG (Wind Turbine Generator): The equipment used to convert wind energy into electricity. * PBT (Profit Before Tax): The profit a company makes before deducting income taxes. * GW (Gigawatt): A unit of power equal to one billion watts; often used to measure the capacity of wind farms. * EPC (Engineering, Procurement, and Construction): Services related to designing, sourcing, and building projects. * EPS (Earnings Per Share): The portion of a company's profit allocated to each outstanding share of common stock. * DCF (Discounted Cash Flow): A valuation method used to estimate the value of an investment based on its expected future cash flows. * O&M (Operations & Maintenance): Services related to running and maintaining assets. * BESS (Battery Energy Storage System): Systems that store electrical energy in batteries for later use. * PSU (Public Sector Undertaking): A government-owned corporation. * C&I (Commercial & Industrial): Refers to customers in the commercial and industrial sectors. * RTC (Round-The-Clock): Refers to power supply that is available 24 hours a day, 7 days a week. * FDRE (Firm and Dispatchable Renewable Energy): Renewable energy sources that can be dispatched or scheduled for delivery when needed.