More Stories

Informist, Wednesday, Feb. 4, 2026

By Prateem Rohanekar

MUMBAI – Suzlon Energy Ltd. is expected to report a healthy growth in its December quarter net profit and net sales due to higher order execution in its engineering, procurement, and construction segment, according to brokerages. A healthy rise in wind turbine orders will support revenue growth, brokerages said.

The highest of the three estimates for the company's consolidated net profit is INR 5.58 billion, up nearly 44% on year, by Nuvama Wealth Management Ltd. and the lowest is INR 5.04 billion, up over 30% on year, by Motilal Oswal Financial Services Ltd. The highest estimate for the company's net sales is INR 50.09 billion, up over 68% on year, by Nuvama and lowest estimate is INR 39.94 billion, up over 34% on year, by JM Financial Institutional Securities Ltd.

September, the company announced that it had won an 838 megawatts order from Tata Power Renewable Energy, its second-largest order ever. The order will comprise 266 of Suzlon's 3.15 megawatts rated wind turbines across Karnataka, Maharashtra, and Tamil Nadu. The company also won a 306 MW deal in December for Yanara Power's projects in Barmer, Rajasthan.

The highest estimates for the company's earnings before interest, tax, depreciation, and amortisation is INR 9.24 billion by Nuvama and the lowest estimate is INR 7.01 billion by JM Financial. Nuvama expects the company to execute orders of nearly 740 MW in the reporting quarter, and EBITDA margins to be around 18% on account of execution of more engineering, procurement, and construction related work. The company is expected to execute wind turbine orders of over 670 MW, Motilal Oswal said while matching Nuvama's EBITDA margin estimate. The company will report its December quarter earnings on Thursday.

Engineering, procuring, and construction forms 20% of the company's order book. The company executed orders of 565 MW in the trailing quarter, out of which 300 MW was for one public sector undertaking.

At 1314 IST, shares of Suzlon Energy traded at INR 49.50 on the National Stock Exchange, up nearly 1%. The stock has fallen nearly 18% since the company announced its September quarter earnings.

All seven brokerage reports on the company available with Informist have a 'buy' or equivalent recommendation on the stock, with an average target price of INR 71 per share. This is nearly 44% higher than the current market price.

Following are the December quarter earnings estimates for Suzlon Energy from three brokerage firms in the descending order of the estimate of net profit in INR billion:

End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by

Edited by

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.