Shares of Suzlon Energy Ltd climbed higher on Monday, June 9, following a significant block deal on the exchanges. In early trade, the renewable energy company's stock climbed nearly 2 per cent to Rs 68.05 on the NSE, after close to 20 crore shares changed hands in a transaction valued at approximately Rs 1,309 crore, reported Moneycontrol.

The bulk deal involved 19.81 crore shares, representing 1.45 per cent of the total equity, with shares trading at Rs 66 apiece. Market participants noted the transaction was conducted through the block deal window, which typically accommodates large-volume trades between institutional investors.

Promoter Stake Sale Likely Behind Large Transaction

CNBC-TV18 reported that the seller in this large trade was likely the promoter group—the Tanti Family and associated Trust, which had earlier expressed intent to offload around 20 crore shares through a block deal. The floor price for the sale was set at Rs 64.75, reflecting a 2.9 per cent discount to Suzlon’s closing price on Friday. A 180-day lock-in period applies to the deal, meaning the seller is restricted from further share sales during that time.

Based on the company’s shareholding data for the March quarter, promoters currently hold a 13.25 per cent stake in Suzlon Energy. Among public shareholders, Indian mutual funds collectively own 4.17 percent. Additionally, retail investors with an investment cap of up to Rs 2 lakh control 25.12 per cent of the stock, while high-net-worth individuals holding more than Rs 2 lakh in equity possess a 13.59 percent stake.

Strong Q4 Performance Supports Investor Sentiment

Suzlon’s latest financials have added to the positive sentiment around the stock. For the quarter ended March 31, 2025, the company reported a 365 per cent surge in consolidated net profit, reaching Rs 1,181 crore. The sharp rise in profits was largely attributed to an exceptional item, specifically a deferred tax gain worth Rs 600 crore. This compares to a net profit of Rs 254 crore in the same quarter last year.

On a full-year basis, consolidated net profit for FY25 grew significantly to Rs 2,072 crore from Rs 660 crore in FY24. Revenue also saw a strong uptick, with total operational income rising by 73.2 per cent year-on-year to Rs 3,773.5 crore in Q4 FY25, compared to Rs 2,179.2 crore in the previous year’s corresponding quarter.

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