Suzlon Energy block deal: 19.81 crore shares worth ₹1,309 crore change hands; stock up 1%

According to the NSE data, as many as 19,81,63,974 shares worth ₹1,308.87 crore changed hands in the pre-open block deal window.

Earlier news reports said that the promoters of the renewable energy solutions provider will likely sell 20 crore shares through block deals today, aiming to raise around ₹1,300 crore.

The shares, reports added, will likely be offered at a discount of up to 2% to the last traded price.

Suzlon Energy Q4 FY25 Results

Suzlon Energy reported a four-fold jump in its consolidated net profit to ₹1,181 crore for the March quarter (Q4 FY25), mainly on the back of higher revenues. It reported a consolidated net profit of ₹254 crore in the quarter ended March 2024, a BSE filing showed.

Its total income rose to ₹3,825.19 crore in the quarter from ₹2,207.43 crore logged a year ago.

During 2024-25, the consolidated net profit also rose to ₹2,072 crore from ₹660 crore registered in the previous financial year.

The total income in the fiscal year increased to ₹10,993.13 crore from ₹6,567.51 crore in the year-ago period.

Commenting on the company's performance, Girish Tanti, Vice Chairman, Suzlon Group, said, "FY25’s performance sets the stage for Suzlon’s next phase of strategic evolution and market leadership. Achieving our highest profitability in a decade, strong cash reserves, and a record order book are the direct outcomes of our disciplined business transformation and sharp operational focus.

Tanti added, "India has also crossed a significant milestone by surpassing 50 GW of installed wind power capacity – a journey in which Suzlon has played a leading role. As we advance towards the 100 GW target by 2030, India will most certainly shape the global narrative on clean energy leadership and climate action.”

In FY25, the company said it achieved record deliveries of 1.55 GW – an impressive 118% year-on-year growth.

The contribution margin for the WTG (wind turbine generator) business expanded to 23%, a rise of 360 basis points, backed by our 4.5 GW manufacturing capacity. We added 10 new production lines for our S144 – 3.X MW series, it said.