FINANCIALS RESULTS FOR THE QUARTER ENDED ON 30.06.2026
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 25 Jul 2026, 12:01 PM IST · BSE ID: ed5ce39f-c7e1-4c13-a7f1-76c5328b3963
View Original BSE Filing (PDF)
💡
In Simple Terms
Surana Solar reported higher quarterly profits and revenue, appointed a new CFO, and advanced plans to convert industrial land.
🤖 AI Summary
- Net profit for Q1 FY27 was Rs. 544.07 Lakhs for the quarter ended June 30, 2026.
- Revenue from operations stood at Rs. 1,715.06 Lakhs in Q1 FY27.
- Buvankar Shekarnath was appointed as the Chief Financial Officer effective July 25, 2026.
- Application for conversion of 14,671 square yards of industrial land to multi-use development was approved.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from operations (Q1 FY27)
1,715.06 Lakhs
721.90%
Net Profit (Q1 FY27)
544.07 Lakhs
1845.87%
Total Income (Q1 FY27)
2,350.60 Lakhs
428.02%
EPS Basic (Q1 FY27)
1.11
1750.00%
🏢 How This Affects the Company
The increase in revenue from operations suggests improved business activity for the quarter. Progress on land conversion could diversify asset utilization.
Net profit increased to Rs. 544.07 Lakhs from Rs. 27.97 Lakhs in the prior year comparable quarter, enhancing profitability metrics. Total income also rose to Rs. 2,350.60 Lakhs.
The appointment of a new CFO could introduce changes in financial management and strategy. Conversion of industrial land indicates a potential shift in asset base and future development focus.
Paying 10% of conversion fees for industrial land implies a commitment, with the balance to be paid, representing a future financial obligation.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the improved financial performance, as reflected in the increased Earnings Per Share (Basic) of Rs. 1.11 for Q1 FY27. Changes in management and land use plans could influence future company direction.
🔍
Management Signal
Management is focused on improving financial performance, strengthening leadership with a new CFO, and exploring alternative asset utilization for its industrial land.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 financial results — check for revenue and profit continuity
Updates on the multi-use land development project timeline and costs
Any further management changes or board appointments
MEDIUM RISK
Significant reliance on 'Other Income' for profitability in the quarter, and future cash outflow for land conversion.
💡 Investor Takeaway
Surana Solar Ltd. reported a net profit of Rs. 544.07 Lakhs for Q1 FY27, a substantial increase from Rs. 27.97 Lakhs in Q1 FY26. Revenue from operations grew to Rs. 1,715.06 Lakhs. The Board approved the appointment of a new CFO and continued land development plans.
⚖️ Strengths & Concerns
✅ Positives
- Net profit surged to Rs. 544.07 Lakhs for Q1 FY27 from Rs. 27.97 Lakhs in Q1 FY26, indicating strong profitability growth.
- Revenue from operations significantly increased to Rs. 1,715.06 Lakhs in Q1 FY27 from Rs. 208.65 Lakhs in Q1 FY26.
⚠️ Concerns
- Cost of material consumed increased to Rs. 1,387.07 Lakhs in Q1 FY27 from Rs. 264.48 Lakhs in Q1 FY26, outpacing revenue growth proportionately.
- Earnings Per Share (Basic) of Rs. 1.11 is supported by significant other income of Rs. 635.54 Lakhs for the quarter.
📅 Company Track Record
In FY26, Surana Solar Ltd.'s revenue from operations was Rs. 2,083.43 Lakhs, a 46.3% decrease compared to the prior fiscal year. While profit rose in FY26, it was primarily due to inventory gains rather than organic business expansion.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Surana Solar Ltd.'s net profit for the quarter ended June 30, 2026?
Surana Solar Ltd.'s net profit for the quarter ended June 30, 2026, was Rs. 544.07 Lakhs.
What was Surana Solar Ltd.'s revenue from operations in Q1 FY27?
Surana Solar Ltd. reported revenue from operations of Rs. 1,715.06 Lakhs for the quarter ended June 30, 2026.
Who was appointed as the new Chief Financial Officer of Surana Solar Ltd.?
Buvankar Shekarnath was appointed as the Chief Financial Officer of Surana Solar Ltd. effective July 25, 2026.
What is the status of Surana Solar Ltd.'s industrial land conversion application?
The Board approved the application for conversion of 14,671 square yards of industrial land to multi-use development, with 10% of conversion fees already paid.
Questions based on this BSE filing only. For information purposes.