Shares of Suzlon Energy plunged nearly 10% on Monday, with the stock on track to record its worst single day plunge since December 2022, after the renewable energy player reported a 6% year-on-year (YoY) drop in net profit to Rs 305 crore in Q1 FY27 from Rs 324 crore a year ago.
The renewable energy player’s EBITDA fell to Rs 595 crore in Q1 FY27, from Rs 599 crore in the same period last year, while EBITDA margin declined to 15.6% from 19.2%. While net profit, EBITDA and margins declined, its revenue from operations rose 22.5% YoY to Rs 3,819 crore in Q1 FY27 from Rs 3,117 crore in the year-ago period.
