Suzlon Share Price Declines After Q1 Results and CFO Resignation

Market Performance

Suzlon share price fell as much as 4% in early trade on Wednesday, hitting an intraday low of ₹60.32 on the NSE. At 10:18 AM, the stock was down 3% at ₹61.19 per share.

The decline came after the company announced its Q1 FY26 results and the resignation of its Chief Financial Officer.

Q1 Financial Performance

Revenue

• ₹3,132 crore in Q1 FY26
• Up 55% from ₹2,021 crore in the same quarter last year

EBITDA

• ₹598.2 crore in Q1 FY26
• Growth of 62.4% from ₹368.3 crore last year

EBITDA Margins

• 19.1% in Q1 FY26
• Improved from 18.2% in Q1 FY25

Net Profit

• ₹324.32 crore in Q1 FY26
• Up 7.3% from ₹302.29 crore in the previous year

Company Update

Suzlon Energy announced that CFO Himanshu Mody will step down on August 31, 2025. The company confirmed that the selection process for his successor is in the final stages.

The announcement coincided with news reports that Mody is set to take a leadership position at Sammaan Capital, a housing finance firm whose shares have risen nearly 7% over the last two sessions.

Summary

• Suzlon share price dropped up to 4% following Q1 results and CFO resignation.
• The company delivered strong revenue and EBITDA growth in Q1 FY26.
• CFO Himanshu Mody to step down at the end of August 2025, with a replacement to be announced soon.