Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31,2026.
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Suraj Industries reported standalone revenue of ₹2,359.36 lakhs for FY26, down from ₹2,970.26 lakhs in FY25 due to the cessation of trading operations. The standalone net loss widened to ₹194.60 lakhs from ₹72.94 lakhs, largely due to rising finance costs (₹124.02 lakhs vs ₹45.08 lakhs) and material costs. On a consolidated basis, revenue jumped to ₹11,063.82 lakhs from ₹2,970.26 lakhs, driven by the acquisition of Carya Chemicals & Fertilizers Private Limited (now a subsidiary) and its liquor business contribution of ₹3,435.49 lakhs in Q4 alone. However, consolidated net loss stood at ₹506.41 lakhs (vs net profit of ₹41.93 lakhs in FY25), impacted by high finance costs of ₹570.92 lakhs, depreciation of ₹404.13 lakhs, and excise duty of ₹6,060.19 lakhs. Total borrowings surged to ₹17,267.91 lakhs (from ₹8,100.71 lakhs), and the company completed a share-swap acquisition and a rights issue of 2.99 crore partly paid-up shares. Statutory auditors issued an unmodified opinion on both standalone and consolidated results.
The sharp increase in consolidated revenue masks underlying operational stress — the company swung to a large consolidated loss driven by heavy debt costs following an aggressive acquisition. Shareholders should watch the company's debt servicing ability and the timeline for Carya Chemicals to turn profitable.