Suzlon Energy Q4 FY26 results on May 25, 2026

Results date confirmed, conference call still unclear

Suzlon Energy Ltd has announced that it will report its quarterly and full-year results for the period ended March 31, 2026 on Monday, May 25, 2026. The update sets a clear timeline for investors tracking Q4 FY26 performance and FY26 audited financials. The company, however, has not disclosed the date for any earnings conference call for shareholders and analysts. That leaves the market waiting for management commentary, particularly on order execution, margin trajectory, and the pace of deliveries. The timing is notable because Suzlon’s stock has been actively tracked after a rebound from recent lows. With the results date now fixed, attention shifts to how close the company’s reported numbers land versus broker forecasts.

Where the stock was trading ahead of results

In one market update included in the data, Suzlon shares settled at ₹52.57 on Wednesday, down nearly two-third of a percent. A separate price snapshot cited the stock at ₹52.91, down 0.64%, as of 19 May at 4:00 PM, with an intraday high of ₹53.83 and low of ₹52.52. The same snapshot listed a 52-week high of ₹74.30 and a 52-week low of ₹38.19. Another passage also referred to the stock rising 2.65% to ₹54.49 on a Wednesday, with market capitalisation nearing ₹75,000 crore. It further stated the stock had gained 42.75% from a 52-week low of ₹38.17 hit on March 09, 2026, and was still down 27% from its 52-week high of ₹74.30 in May 2025. Taken together, the data points show the stock trading in the low-to-mid ₹50s into the results date, after a sharp rebound from March lows.

Broker estimates for Q4 FY26: revenue and profit expectations

Street expectations in the provided data span a wide range. JM Financial, in one preview, projected March 2026 quarter sales of ₹10,028.2 crore, up 12% year-on-year and 18% quarter-on-quarter. The same note pencilled in EBITDA of ₹1,423 crore, up 71% YoY and 161% QoQ, with margin at 14.2%, and net profit of ₹1,005.9 crore, up 158% YoY and 99% QoQ. In another JM Financial preview included later, the brokerage expected revenue of ₹5,708.3 crore, up 50.6% YoY and 34.8% QoQ, EBITDA of ₹1,068 crore, and net profit of ₹888.7 crore.

Motilal Oswal projected revenue of ₹5,904.4 crore, up 56% YoY, EBITDA of ₹1,019.3 crore with margin at 17%, and net profit of ₹635.4 crore, up 9% YoY, with PAT margin at 10.8%. Anand Rathi Share and Stock Brokers estimated revenue of ₹5,696.2 crore, up 50.3% YoY and 34.5% QoQ, with EBITDA margin at 16.9%, and net profit of ₹593.2 crore, flat YoY and up 5.1% QoQ. Systematix Institutional Equities estimated Q4 FY26 consolidated revenue of ₹5,250 crore and consolidated EBITDA of around ₹1,060 crore, and stated its estimates implied an EBITDA margin of 20.2%.

Deliveries, dispatches, and execution assumptions

Alongside profit estimates, broker models also referenced execution volumes. Motilal Oswal Financial Services expected deliveries of 900 MW, up 57% YoY and 46% QoQ. JM Financial pencilled dispatches at 874 MW in Q4 FY26, up 52.5% YoY, and linked EBITDA improvement to operating leverage. Anand Rathi expected revenue to be driven by strong wind turbine generator (WTG) deliveries of 850 MW. Systematix said its revenue estimate was based on 820 MW of order execution during the quarter, up 43% YoY and 33% QoQ. These volume assumptions help explain why EBITDA margins vary across forecasts, with models differing on mix, fixed-cost absorption, and the quarter’s execution intensity.

Order book, FY26 orders, and what Systematix highlighted

One Systematix note in the data said Suzlon Energy bagged 2,522 MW of orders in FY26, including 100 MW in Q4 FY26. It added that the current order book was approximately 6,011 MW, net of estimated supplies for the quarter. That set of disclosures frames Q4 not only as an earnings event but also as a checkpoint on the company’s ability to convert backlog into revenue while protecting margins. If reported execution aligns with these assumptions, it can influence how investors interpret forward visibility. The same note maintained a buy rating and provided a target price.

Target prices and ratings: where brokerages stand

Several brokerages cited in the data carried positive ratings and published target prices in a relatively tight cluster in the ₹60-₹67 range. JM Financial had a target price of ₹64. Motilal Oswal had a target price of ₹66. Systematix Institutional Equities had a target price of ₹67. Ambit initiated coverage in April 2026 with a target price of ₹60 and a buy rating, while noting it prefers solar OEMs over wind. ICICI Securities was shown with a recommendation price of ₹42.70 and a target price of ₹65.

The data also included additional references to targets and ratings beyond that cluster: a UBS note mentioning a target of ₹78 per share, and a separate section stating analysts’ 1-year price target at ₹73.75 with a maximum estimate of ₹80 and a minimum estimate of ₹66. Another list cited MOFSL (Buy, ₹80), YES Securities (Buy, ₹78), JM Financial (Add, ₹74), and Emkay (Buy, ₹76) heading into Q4 FY26.

Key numbers table (as stated in the data)

Market impact: what investors will watch on May 25

The immediate market focus is the gap between differing broker estimates for Q4 FY26 revenue, EBITDA, and profit. Forecast revenue spans from about ₹3,400-₹3,700 crore (in one summary) to above ₹5,000 crore in multiple brokerage previews, with one JM Financial estimate listing ₹10,028.2 crore. Margin expectations also vary meaningfully, with EBITDA margin figures cited at 14.2%, 16.9%, 17%, 20.2%, and a separate range of 22-24% in another section. Operationally, the quarter’s WTG deliveries and dispatches are central because the forecasts explicitly link margin improvement to operating leverage. The company’s lack of a confirmed conference call date means investors may initially have to rely on the earnings release and exchange filings for guidance-related clarity.

Why this results update matters

Suzlon’s May 25 announcement removes uncertainty on the reporting timeline and concentrates attention on a single event risk window. The data also shows the stock had rebounded sharply from March lows, which can raise sensitivity to results delivery versus expectations. With multiple brokerages holding buy ratings and publishing target prices, any deviation from forecast execution volumes or margins can affect near-term sentiment. The order book and FY26 order intake figures cited by Systematix add another layer of scrutiny on backlog conversion. For market participants, this earnings date becomes the primary near-term checkpoint for both financial performance and operational progress.

Closing note

Suzlon Energy is set to report Q4 FY26 and FY26 results on May 25, 2026, with brokerages forecasting higher revenue, improving EBITDA margins, and strong delivery volumes. The company has not yet announced a conference call schedule, so investors will look to the audited statements and related disclosures for detail on execution, profitability, and order-book movement.