Suzlon Energy’s share price to remain in focus in Monday’s trade as the promoters, Tanti Family & Trust, are expected to offload a stake via block deals. It may be a massive block deal worth Rs 1,300 crore in which promoters of Suzlon are likely to sell 20 crore shares. The energy company is expected to execute the block deal at a discount of 2% from the current market price.
Motilal Oswal is believed to be the sole broker for the transaction, according to a report by CNBC Awaaz. It is important to point out that the company has not released any formal announcement or explanation regarding the deal.
The update comes days after the company reported a nearly five-fold jump in net profit while announcing Q4FY25 results.
Suzlon Energy Q4 results
The company reported a jump of 365% year-on-year in its consolidated net profit for Q4FY25 as compared with Rs 254 crore posted in the same period a year ago. Its revenue from operations surged 73% YoY to Rs 3,773 crore as against Rs 2,179 crore recorded in the same period of the previous fiscal year.
Also, for the full FY25, the net profit rose to Rs 2,072 crore, up from Rs 660 crore in FY24. Revenue from operations increased 67% YoY, reaching Rs 10,851 crore compared with Rs 6,497 crore in FY24.
Suzlon Energy Q3 results
Its consolidated net profit came in at Rs 387 crore for the third quarter of FY25, a growth of 91% YoY from a net profit of Rs 203 crore reported in the same quarter of the previous financial year. The company’s revenue from operations rose to Rs 2,969 crore in Q3 FY25, a gain of 91% from Rs 1,553 crore revenue reported in the corresponding period a year ago.
Suzlon Energy’s stock performance
The share price of Suzlon Energy has fallen 7.5% in the past five trading sessions. The stock has given a return of over 27% in the past one month and has declined 0.59% in the last six months. The stock price has raised investors’ wealth by 41% over the previous one year.