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Suzlon Energy Down 45% in 10 Months — Can Q3 Results Anchor Prices?

Suzlon Energy Down 45% in 10 Months — Can Q3 Results Anchor Prices?

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Financial Highlights – Suzlon Energy Ltd. (NSE: SUZLON)

  • Consolidated net profit rose 15% YoY to ₹28 crore, compared with ₹386.92 crore in Q3 FY25, reflecting sustained earnings momentum.
  • Revenue from operations surged over 42% YoY to ₹4,228.18 crore, up from ₹2,968.81 crore last year, driven by strong execution and higher deliveries.
  • EBITDA increased 48% YoY to ₹739 crore, indicating improved operating efficiency and scale benefits.
  • The company unveiled “Suzlon 2.0”, a strategic transformation aimed at evolving into a full-stack clean energy solutions provider, expanding across wind, solar, storage, and emerging clean technologies.
  • The closing order book stood at 4 GW, higher than the opening level for the quarter, despite the highest-ever deliveries in 30 years, highlighting robust demand.
  • EPC business share rose from 20% to 27%, with a long-term target of around 50% by 2028, supported by a project development pipeline exceeding 25 GW.

Suzlon Energy Ltd. (NSE: SUZLON)

On 06 February 2026, Suzlon Energy Limited traded marginally lower by 0.29% near ₹47.71, showing early signs of base formation after recent volatility. The stock came under pressure following Q3 results, slipping nearly 3.86% intraday on February 5 before recovering to close near ₹47.76. Elevated volumes point to continued market participation amid near-term consolidation.

Suzlon Energy’s Order Book Provides Cushion as Transformation Accelerates

Suzlon Energy delivered a strong operational quarter, marked by healthy profitability and accelerating execution. Earnings improved on the back of a sharp rise in operating income and margins, alongside record deliveries. The company’s transformation under Suzlon 2.0 is widening its presence across clean energy verticals, while a 6.4 GW order book provides medium-term visibility. Rising EPC contribution and a large development pipeline continue to support growth ambitions, even as near-term execution challenges remain in focus.

Technical View: Suzlon Energy Attempts Base Formation Near Key Support

From a technical perspective, Suzlon Energy Limited is showing tentative signs of stabilisation after a prolonged decline, trading near ₹47.71 and holding above recent lows. However, it remains below the 50-day SMA at ₹50.73, which continues to act as a key overhead hurdle. Momentum is subdued, with the 14-day RSI around 44.97, indicating consolidation. Support is seen near ₹44.00 and ₹40.00, while resistance lies at ₹52.00 and ₹56.00. A sustained hold above the current base could help ease downside pressure.

Bottom Line:

Despite a sharp 45% correction over the past 10 months, Suzlon Energy Limited is showing early stabilisation. Strong Q3 earnings, a 6.4 GW order book, and progress under Suzlon 2.0 offer medium-term support, though technical hurdles still cap near-term recovery.

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