Promoters of renewable energy solutions provider Suzlon Energy Ltd are likely to sell 20 crore shares through block deals, aiming to raise around ₹1,300 crore, sources told CNBC Awaaz.
The transaction is expected to be executed in the block deal window, with the shares likely offered at a discount of up to 2% to the prevailing market price.
Suzlon Energy's net sales for the March quarter increased by 73.2% from the same quarter last year to ₹3,773.5 crore. For the full year, Suzlon Energy's revenue increased by 67% to ₹10,851 crore.
The company's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) nearly doubled from last year, rising 99% to ₹677 crore from ₹340 crore last year.
EBITDA margin for the company increased by over 200 basis points to 17.94% from 15.62% in the year-ago quarter. Net profit for the company increased to ₹1,182 crore from ₹254 crore last year. The company's net profit was boosted by a deferred tax asset gain of ₹600 crore.
At the end of the March quarter, Suzlon's volumes stood at 573 MW, compared to 273 MW compared to the same quarter last year and 447 MW during the December quarter.
Also Read: Suzlon Energy shares fall another 5% as profit booking continues after Q4
On Friday (June 6), shares of Suzlon Energy Ltd ended at ₹66.74, up by ₹0.050, or 0.075%, on the BSE.
The transaction is expected to be executed in the block deal window, with the shares likely offered at a discount of up to 2% to the prevailing market price.
Fourth Quarter
Suzlon Energy's net sales for the March quarter increased by 73.2% from the same quarter last year to ₹3,773.5 crore. For the full year, Suzlon Energy's revenue increased by 67% to ₹10,851 crore.
Also Read: Suzlon Energy expects a 60% growth in FY26 across key parameters
The company's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) nearly doubled from last year, rising 99% to ₹677 crore from ₹340 crore last year.
EBITDA margin for the company increased by over 200 basis points to 17.94% from 15.62% in the year-ago quarter. Net profit for the company increased to ₹1,182 crore from ₹254 crore last year. The company's net profit was boosted by a deferred tax asset gain of ₹600 crore.
At the end of the March quarter, Suzlon's volumes stood at 573 MW, compared to 273 MW compared to the same quarter last year and 447 MW during the December quarter.
Also Read: Suzlon Energy shares fall another 5% as profit booking continues after Q4
On Friday (June 6), shares of Suzlon Energy Ltd ended at ₹66.74, up by ₹0.050, or 0.075%, on the BSE.
First Published: Jun 7, 2025 7:15 PM IST
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