Outcome of Board meeting
SURAJEST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Suraj Estate Developers, at its meeting on July 25, 2025, approved the unaudited financial results (standalone and consolidated) for Q1 FY26. On a consolidated basis, revenue from operations was ₹1,324.69 million, marginally down from ₹1,336.73 million in Q1 FY25, while net profit dropped to ₹212.82 million from ₹301.34 million — a fall of roughly 29% year-on-year. Standalone revenue was ₹1,268.76 million and net profit was ₹237.72 million, compared to ₹1,300.31 million and ₹324.73 million respectively in the same quarter last year. Profit before tax (consolidated) declined to ₹284.79 million from ₹404.02 million, mainly due to higher finance costs and lower operating efficiency. The statutory auditor, SKLR & Co. LLP, issued a clean (unmodified) limited review report on both sets of results.
While top-line revenue held steady, a sharp drop in profitability and elevated finance costs may pressure the stock in the short term, though a clean audit opinion supports governance confidence.