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

Suzlon Energy shares fell 4% after several brokerages, including Nuvama, cut their target prices for the company. This decision was made after Suzlon's second-quarter net profit declined by 69% year-on-year to Rs 394 crore, despite a 26% increase in revenue due to strong wind turbine deliveries. The profit decline was largely due to a high base in the previous year's quarter, when Suzlon benefited from a one-time tax asset. The downward revision in target prices may indicate concerns about Suzlon's future earnings potential.

Why it matters

Suzlon Energy reported a 69% year-on-year decline in Q2 FY27 net profit, despite a 26% rise in revenue. This disappointing result led to target price cuts by multiple brokerages.

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