Suzlon Energy Shares Plunge Over 8% After Q2 Results Miss Margin Expectations

Business Standard Markets · stocks

Suzlon Energy's shares dropped by over 8% on Friday following the release of its quarterly results. The company reported a 26% year-on-year revenue growth to ₹4,869 crore in Q2 FY27, driven by record deliveries. However, its EBITDA margin disappointed at 14.8%, leading to a miss on EBITDA and PAT estimates. Analysts cited forex and commodity headwinds, along with internal costs, as reasons for the margin weakness. Nuvama has cut its earnings per share estimates and target price, maintaining a 'Hold' rating.