The Economic Times

Suzlon Energy shares fall 4% as Nuvama, others slash target prices after Q2 margins disappoint. What lies ahead?

Suzlon Energy shares fell after the company reported a 69% year-on-year decline in Q2 FY27 net profit to Rs 394 crore, despite a 26% rise in revenue driven by record wind turbine deliveries. Nuvama said profit and EBITDA missed estimates. The profit decline was largely due to a high base in the year-ago quarter, when Suzlon recognised a one-time deferred tax asset benefit of Rs 891 crore.