Suzlon shares drop despite strong Q1; Anil Singhvi suggests how to trade

Suzlon Shares falling today: Shares of Suzlon Energy Ltd came under pressure on Wednesday, falling over 4 per cent intraday, after the company announced the resignation of its Chief Financial Officer, even as it posted robust growth in revenue for the June quarter. The stock touched an intraday low of Rs 60.32 on the NSE before recovering slightly to trade at Rs 60.56, down Rs 2.57 or 4.07 per cent by 1:23 PM.

Suzlon Q1 Results Highlights

In its Q1 FY26 results, the renewable energy player reported a 7.3 per cent rise in consolidated net profit to Rs 324.32 crore, up from Rs 302.29 crore in the same period last year. Revenue from operations surged 55 per cent year-on-year to Rs 3,132 crore, signalling strong demand and execution.

Operationally, EBITDA rose 62.4 per cent to Rs 598.2 crore, compared to Rs 368.3 crore a year ago. The EBITDA margin also improved to 19.1 per cent from 18.2 per cent, indicating efficient cost control and a more profitable business mix.

Suzlon Stock Reaction Post CFO Resignation

However, the market reaction was muted by the announcement that CFO Himanshu Mody will step down on August 31. Suzlon said the search for his replacement is at an advanced stage, but investors appeared cautious over the leadership change at a time when the company is showing signs of operational recovery.

Suzlon Technical Outlook

Market expert Anil Singhvi weighed in on the development, highlighting Suzlon's strong revenue growth but also flagging concerns over weaker operational performance. He suggested that traders keep a close eye on Rs 62.75 as a key support level in Suzlon futures. On the upside, the stock could test Rs 64.75 and Rs 65.75, provided the technical setup strengthens.