Suzlon Energy drops nearly 10% after weak Q2 results
In short
Suzlon Energy shares fell nearly 10% and hit a 52-week low after Q2 results. Net profit dropped 69% year on year to ₹394 crore, while revenue rose 26%.
This matters because weaker margins and lower guidance can hurt investor confidence. The report does not say what the new margin target is or how long the stock may stay under pressure.
What the reporting says
Suzlon Energy shares fell nearly 10% to a 52-week low after quarterly results showed net profit down 69% year on year to ₹394 crore. The publisher summary says the decline was largely due to a prior-year tax benefit, while revenue still rose 26% and margins weakened. Management also lowered full-year margin guidance, but the source does not give the new target or explain the stock’s full next-step reaction.
Why it matters
Suzlon Energy shares fell almost 10% to a 52-week low after quarterly results showed net profit down 69% year on year to ₹394 crore. The publisher summary says the drop was largely because the previous year included a tax benefit, even as revenue rose 26%. Margins weakened and management lowered its full-year margin guidance, but the source does not state the revised guidance or provide management commentary.