Surana Solar Limited has informed the Exchange regarding Board meeting held on May 03, 2025.
SURANASOL · price
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Awaiting price reaction for this filing.
Surana Solar Limited's Board approved audited financial results for Q4 and FY ended March 31, 2025, with the statutory auditor (Luharuka & Associates) issuing an unmodified opinion. Full-year revenue from operations more than doubled to ₹3,880.04 lakhs from ₹1,770.64 lakhs a year ago (up ~119%), but the jump was driven almost entirely by a new Trading segment contributing ₹2,879.10 lakhs, while the core Solar Products segment revenue fell ~45% to ₹975.07 lakhs and slipped into a segment loss of ₹29.47 lakhs versus a profit of ₹167.22 lakhs last year. The company reported a marginal full-year profit after tax of ₹5.85 lakhs against a loss of ₹125.89 lakhs in FY24, though Q4 alone was a loss of ₹71.34 lakhs versus ₹15.44 lakhs in the year-ago quarter. The Board also approved disinvestment of its 49% stake in Surana Technologies Private Limited (whose accounts were not consolidated due to lack of operational and management control), noted the resignation of an Independent Director, and reconstituted the Audit and Nomination & Remuneration committees.
The headline revenue surge masks weakness in the core solar business, and the marginal swing to profit (₹5.85 lakhs on ~₹4,000 lakhs of revenue) plus a continued Q4 loss suggest underlying earnings power remains weak; shareholders should weigh the proposed Surana Technologies divestment and segment-mix shift before drawing a positive conclusion.