On Monday, June 9th, Suzlon Energy Ltd.'s share prices rose significantly due to a substantial block deal conducted through the exchange platforms. Early in trading sessions, the equity value for this renewable energy firm surged almost 2% up to Rs 68.05 on the National Stock Exchange (NSE). This movement followed an enormous transfer of about 20 crores worth of stocks amounting to roughly Rs 1,309 crore, as stated by Moneycontrol reports.
The massive trade encompassed 19.81 crore shares, equating to 1.45 percent of the overall equity, with each share priced at Rs 66. According to market observers, this deal was executed via the block deal window, usually reserved for substantial transactions among institutional investors.
Promoter Share Sale Probably Behind Big Deal
According to CNBC-TV18, the party behind this significant transaction appears to be the promoter group—namely, the Tanti Family along with related trusts—which previously announced plans to sell approximately 20 crore shares via a bulk deal. The minimum selling price for these shares was established at ₹64.75, equating to about a 2.9 percent reduction compared to Suzlon’s closing stock price last Friday. This agreement comes with an 180-day holding period, preventing the sellers from making additional share dispositions within this timeframe.
According to the firm's shareholding details from the March quarter, the promoter group owns 13.25% of Suzlon Energy. Public shareholders include Indian mutual funds which together have a 4.17% interest. Furthermore, retail investors who have invested up to Rs 2 lakh account for 25.12% of the shares, whereas those classified as high-net-worth individuals, with over Rs 2 lakh committed to equities, hold 13.59%.
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Robust Fourth Quarter Results Bolster Investor Confidence
Suzlon's recent financial reports have bolstered the optimistic outlook for the stock. In the quarter concluding on March 31, 2025, the firm announced a substantial increase in consolidated net profit by 365%, amounting to Rs 1,181 crore. Much of this significant jump can be credited to a one-time advantage: a deferred tax benefit totaling Rs 600 crore. Last year during the corresponding period, their net earnings stood at only Rs 254 crore.
For the fiscal year ending FY25, the consolidated net profit witnessed a substantial increase to Rs 2,072 crore from Rs 660 crore in FY24. Additionally, revenue showed robust growth, with overall operating income climbing by 73.2 percent year-over-year to reach Rs 3,773.5 crore in the fourth quarter of FY25, up from Rs 2,179.2 crore during the same period in the prior year.
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