Suzlon Energy Share Price Surges 3% Following Q4 Earnings Release

Suzlon Energy's Share Price Rises 3% Amid Mixed Q4 Results

Suzlon Energy's share price jumped 3% in intraday trade on Tuesday, 26 May, a day after the company reported its March quarter earnings. Despite mixed results, experts remain positive about the stock in the long term. Suzlon Energy shares opened at ₹53.75 against their previous close of ₹53.88 and rose to an intraday high of ₹55.49, looking set to extend gains for the fourth consecutive session.

The power stock jumped over 40% in April, snapping its five-month losing streak. For May so far, it is flat. Suzlon's Q4 results were mixed, with profit falling year-on-year, but revenue saw a solid growth of 45%. EBITDA also clocked a healthy gain, but the margin remained weak.

On Monday, 25 May, Suzlon reported a 5.74% year-on-year (YoY) decline in its consolidated profit to ₹1,114.35 crore for Q4FY26. However, on a quarter-on-quarter (QoQ) basis, Suzlon's profit jumped 150% QoQ. Revenue from operations for the March quarter jumped 45% YoY and 29.3% QoQ to ₹5,468.06 crore. EBITDA jumped 39% YoY and 31% QoQ to ₹964 crore. EBITDA margin stood at 17.6% compared to 17.5% QoQ and 18.4% YoY.

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Brokerage firm Motilal Oswal, which has a buy call on the stock with a target price of ₹65, underscored that Suzlon's consolidated revenue missed its estimate by 7%, EBITDA came in 5% below its estimate, while adjusted PAT beat its estimate by 20% due to lower-than-expected tax liability. However, Motilal added that Suzlon achieved FY26 guidance of nearly 60% YoY growth across key KPIs.

JM Financial also has a buy call on the stock. It slightly raised the target price to ₹65 from ₹64 earlier, based on 25 times FY28E EPS. The brokerage firm pointed out that Suzlon's order book stands at 5,892MW as of May 2026 (5,025MW as of March 2025) with a diversified mix (88% 3 times MW series; 51% C&I customers; 15% PSU customers; 72% non-EPC).

Technical charts are also reflecting bullish signals. According to Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, Suzlon is sustaining above its 200 DEMA and is currently trading above the important consolidation zone of ₹52–54.5. This breakout indicates improving price strength and a positive undertone in the stock.

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Vipin Kumar, AVP- Equity Research and PMS at Globe Capital Market, highlighted that following a price correction from ₹86 to ₹38 levels over an 18-month span, Suzlon has started moving higher in a higher-high and higher-low formation. Kumar added that the stock has also formed a fresh buying pivot on the daily charts, alongside its 2-month exponential moving average crossing above the 6-month exponential moving average.