Suzlon shares dipped over 4% in early morning trades following the resignation announcement of their Group CFO, Himanshu Mody. Mody, who has been with Suzlon since August 2021, will step down effective August 31, 2025. He is set to join non-bank lender Samman Capital, formerly Indiabulls Housing Finance, in a senior leadership role.

Himanshu Mody played a key role in Suzlon’s financial turnaround, helping the company reach a net debt-free status through various capital-raising efforts. Suzlon is currently in advanced talks to appoint a new CFO to continue steering the company forward.

In the meantime, Suzlon posted strong Q1 FY26 results. The company reported a consolidated net profit of Rs 324 crore, up 7% compared to Rs 302 crore in the same quarter last year. Revenue from operations jumped 54% year-on-year to Rs 3,117 crore from Rs 2,016 crore in Q1 FY25.

EBITDA also saw a significant increase, reaching Rs 599 crore versus Rs 370 crore last year, with margins improving slightly to 19.2% from 18.4%. Profit before tax stood at Rs 459 crore. However, net finance costs rose to Rs 70 crore from Rs 22 crore a year earlier.

Operationally, Suzlon achieved its highest-ever Q1 deliveries at 444 MW and secured 1 GW of new orders. This boosted its total order book to 5.7 GW, with 75% coming from commercial and industrial clients and public sector units. The company also maintained a healthy net cash position of Rs 1,620 crore as of June 30, 2025.

Suzlon shares opened at Rs 63.15 today and closed at Rs 63.13. The price went as low as Rs 60.32 and as high as Rs 63.80 during the day. The stock’s lowest price is recorded at Rs 46.15, and the highest is Rs 86.04.

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