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Motilal Oswal Report
Following Suzlon Energy Ltd.'s softer-than-expected June quarter, Motilal Oswal Financial Services has maintained its Buy rating on the stock with a target price of Rs 65, implying an upside potential of nearly 35% from current levels.
The brokerage noted that Suzlon's Q1 FY27 performance was impacted by temporary supply chain and logistics disruptions arising from geopolitical tensions in West Asia.
As a result, revenue came in at Rs 3,829 crore, missing estimates by around 2%, while Ebitda of Rs 595 crore was 13% below expectations. Adjusted profit after tax stood at Rs 305 crore, falling short of estimates by 26%.
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