Suzlon Energy Q2 Results 2026 Date: 29 October Board Meeting, Share Price Target and Levels

Suzlon Energy Q2 results are the next big event for the wind turbine maker, whose share has fallen about 37% from its 52-week high of Rs 61.50 and trades near Rs 38.70. The company said its trading window was closed from 1 to 31 Oct, and the board meets on 29 Oct.

This article on the Suzlon Energy Q2 results covers the date, what happened in the year-ago quarter, the order book and delivery plan, valuation, the Motilal Oswal view and key price levels. I could not find consensus estimates for Q2, so I do not give any. It is educational and not a recommendation.

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Suzlon Energy Q2 Results: Date and Share Snapshot

Suzlon Energy Q2 results: item	Detail
Board meeting	Thursday 29 Oct 2026, for Q2 and H1 FY27 results (filed 21 Oct)
Trading window	Closed from 1 to 31 Oct 2026
Share price	Rs 38.70, down 1.78%, at about 10:10 am IST
Market value	Rs 53,726 crore
52-week range	Rs 36.31 to Rs 61.50
P/E and industry P/E	17.06 against 43.91
Price to book and return on equity	5.69 and 33.43%
Trailing EPS and debt to equity	Rs 2.31 and 0.06

The Suzlon Energy Q2 results date is confirmed by the company filing, which is better than the expected dates that appear in some news lists. At Rs 38.70 the share is 37% below its 52-week high of Rs 61.50 (my calculation), which explains why many investors are watching the quarter closely. The price feed also shows Suzlon partly paid rights shares and rights entitlements, which I could not verify, so I mention that only as a data observation.

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Suzlon Energy Q2 Results: The Year-Ago Base Effect

Suzlon Energy Q2 results base: Q2 FY26 measure	Reported figure
Revenue	Rs 3,865.54 crore
Profit before tax	Rs 562.50 crore
Net profit	Rs 1,279.44 crore
Non-cash deferred tax credit	Rs 718.18 crore
Net profit without the credit	About Rs 561.26 crore (my calculation)
Order book	6.2 GW
Deliveries	565 MW

The base effect is the key point for the Suzlon Energy Q2 results. Last year's profit of Rs 1,279.44 crore was boosted by a deferred tax credit of Rs 718.18 crore, so removing it leaves about Rs 561.26 crore, close to the pre-tax profit of Rs 562.50 crore (my calculation). Against Q1 FY27 profit of about Rs 305 crore, reported in one source, a Q2 net profit below Rs 1,279.44 crore is plausible on paper, and a headline fall would not necessarily mean weaker operations. That Q1 figure was below some brokerage estimates, according to the same report.

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Risk: A headline profit fall against a tax-credit base can trigger selling even when operating numbers are fine, so read the results alongside the base.

Suzlon Energy Q2 Results: Order Book and Delivery Plan

Suzlon Energy Q2 results driver	Detail
Order book	About 5.9 GW at the end of Q1 FY27, against 6.2 GW a year earlier
H1 FY27 deliveries	About 1.2 GW
H2 FY27 deliveries	About 2.1 GW planned
FY27 deliveries	About 3.3 GW
Capacity investment	Rs 550 crore for three blade factories
FY26 results	Revenue Rs 16,679 crore and profit Rs 3,163 crore
Q1 FY27 results	Revenue about Rs 3,829 crore and profit about Rs 305 crore (one report)

The delivery plan is weighted to the second half: about 1.2 GW in H1 and 2.1 GW in H2. That means the Suzlon Energy Q2 results may not show the full benefit of the year's volume, and revenue growth could be more visible in the Q3 and Q4 results (my reading). Deliveries in Q2 FY26 were only 565 MW, so Q2 FY27 deliveries are likely higher, but I have no Q2 delivery figure and do not guess one.

Suzlon Energy Q2 Results: Motilal Oswal View and Valuation

Suzlon Energy Q2 results valuation check	Detail
Motilal Oswal rating and target	Buy, Rs 65
Basis	30 times FY28 estimated EPS of about Rs 2.17
Price when the call was reported	Rs 40.70 on 14 Oct
Upside from Rs 38.70	About 68% (my calculation)
Trailing EPS	Rs 2.31, which includes the earlier tax credit period

Motilal Oswal's target of Rs 65 is 30 times its FY28 earnings estimate of about Rs 2.17, which is lower than the trailing EPS of Rs 2.31. I read that gap as the effect of the one-off tax credit in trailing earnings, but the broker's note was not available to me, so it is my interpretation. The upside of about 68% from Rs 38.70 is a broker view and not a forecast, and it needs the company to deliver its H2 volume.

Risk: Broker targets assume execution on deliveries and margins, and wind projects can face delays from land, grid and policy issues.

Suzlon Energy Q2 Results: Price Levels (My Reference Points)

Suzlon Energy Q2 results level	Price	Why I use it
52-week low	Rs 36.31	Fresh lows would weaken the chart
Reference downside level	Rs 36.30	About 6.2% below Rs 38.70
20-day average	Rs 40.39	Price is below it
Reference level from the 14 Oct price	Rs 40.70	Where Motilal's note was reported
50-day average	Rs 43.36	Price is below it

I found no analyst stop-loss for the Suzlon Energy Q2 results, so these are reference points and not recommendations. The RSI of 47.2 is neutral, and the price sits under both the 20-day and 50-day averages, so the chart is not strong going into the board meeting. A move back above Rs 40.39 and then Rs 43.36 would be a better sign, while a close under Rs 36.30 would suggest weakness. Any stop-loss is your own decision based on your risk.

How to Read the Suzlon Energy Q2 Results: A Checklist

Suzlon Energy Q2 results line	What to check	Why it matters for the Suzlon share price
Revenue	Against Rs 3,865.54 crore a year ago and about Rs 3,829 crore in Q1	Shows whether deliveries are ramping before the H2 push
Profit before tax	Against Rs 562.50 crore a year ago	Strips out the tax credit and is the fairer comparison
Net profit	Against Rs 1,279.44 crore a year ago	Headline number that media and the Suzlon share price will react to first
Deliveries	Against 565 MW a year ago	Core volume driver for wind turbine makers
Order book	Against 5.9 GW at the end of Q1	Sets revenue visibility for the next year

A sensible way to read the Suzlon Energy Q2 results is to start with profit before tax and deliveries, and to treat headline net profit as a secondary number because of the base. If the Suzlon Energy Q2 results show pre-tax profit above Rs 562.50 crore and deliveries above 565 MW, operations improved even if net profit falls. The Suzlon share price has often reacted to the headline first, and then to the management call, so waiting for the call can add context (my reading). Prices around results can move quickly in either direction.

What to Watch Next for the Suzlon Energy Q2 Results

1. Net profit in the Suzlon Energy Q2 results against the Rs 1,279.44 crore base, which includes a tax credit
2. Q2 deliveries in MW against 565 MW a year ago, the key volume line in the Suzlon Energy Q2 results
3. Order book and new orders against 5.9 GW at the end of Q1
4. Management comments on the H2 delivery plan of about 2.1 GW
5. Margins and the impact of the new blade factories

Conclusion

The Suzlon Energy Q2 results on 29 Oct will be read against a flattering year-ago profit, a back-loaded delivery plan and a broker target of Rs 65. The share is at Rs 38.70 with a neutral RSI. Focus on deliveries, order book and margins, and treat any price level as a reference and not advice.

Frequently Asked Questions

When are the Suzlon Energy Q2 results?

Ans. The board meets on Thursday 29 Oct 2026 to consider Q2 and H1 results, according to a company filing on 21 Oct. The trading window was closed from 1 to 31 Oct.

What is the Suzlon share price target?

Ans. Motilal Oswal has a Buy rating with a target of Rs 65, based on 30 times FY28 estimated EPS of about Rs 2.17. That is about 68% above Rs 38.70 by my calculation, and it is one broker's view.

Why could Suzlon profit fall year on year?

Ans. Q2 FY26 profit of Rs 1,279.44 crore included a non-cash deferred tax credit of Rs 718.18 crore. Without it, profit was about Rs 561.26 crore by my calculation, so the base is high.

What is Suzlon's order book ahead of the Suzlon Energy Q2 results?

Ans. The order book was about 5.9 GW at the end of Q1 FY27, against 6.2 GW a year earlier. The company plans about 1.2 GW of deliveries in H1 and 2.1 GW in H2, about 3.3 GW for FY27.

What is a Suzlon stop-loss level?

Ans. For the Suzlon share price, I found no expert stop-loss. My reference points are Rs 36.30, about 6.2% below the price, and Rs 40.39 and Rs 43.36 above. These are not advice, and any stop-loss is your own decision.

What is Suzlon's valuation before the Suzlon Energy Q2 results?

Ans. The P/E is 17.06 against an industry 43.91, price to book is 5.69 and return on equity is 33.43%. Trailing EPS of Rs 2.31 includes the earlier tax credit period, so use it with care.

Is the Suzlon Energy Q2 results profit estimate available?

Ans. I could not find consensus estimates for Q2 FY27, so I do not give any. Q1 FY27 profit was about Rs 305 crore in one report and was below some brokerage estimates.

Is this article investment advice?

Ans. No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.