Outcome of Board Meeting held on 30.07.2025.
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Suraj Products Ltd's Board approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at Rs 8,069.58 lakhs, down about 13% from Rs 9,263.76 lakhs in the same quarter last year. Profit After Tax came in at Rs 459.13 lakhs (vs Rs 670.78 lakhs YoY), with EPS at Rs 4.03 versus Rs 5.88 last year — a YoY decline of roughly 32%. The Board also approved the Directors' Report and Corporate Governance Report for FY25, fixed September 26, 2025 for the 34th AGM, set the book closure window from September 20 to 26, 2025, and appointed a scrutinizer for the e-voting process. A wholly-owned UAE subsidiary (Suraj Iron & Steel Manufacturers-L.L.C-S.P.C) was incorporated during the quarter, but has not commenced operations yet.
Q1 results show a noticeable YoY slowdown in both revenue and profitability, which is negative for near-term sentiment; however, the dividend-related book closure suggests a dividend may be declared at the AGM. Shareholders should watch for the AGM notice and dividend announcement, and note the new foreign subsidiary as a future growth lever.