Shares of Suzlon Energy dipped 1.5% to Rs 47.27 on the BSE on Wednesday after the renewable energy company reported a nearly 6% year-on-year (YoY) decline in consolidated net profit for the first quarter of FY27. Net profit stood at Rs 305 crore, compared with Rs 324 crore in the year-ago period. With Wednesday’s decline, the stock is down 10% in two sessions.
Despite the decline in profit, revenue from operations grew 22.5% YoY to Rs 3,819 crore in Q1 FY27, from Rs 3,117 crore a year earlier. The company recorded its highest-ever first-quarter deliveries at 506 MW, representing a 14% YoY increase. Commissioning also jumped 2.3 times to 269 MW. Suzlon's cumulative order book stood at 6.1 GW, with PSU and C&I sectors accounting for 84% of the orders.
