Surana Solar Limited has informed the Exchange regarding Board meeting held on July 28, 2025.
SURANASOL · price
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Surana Solar's Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), with a Limited Review Report carrying an unmodified (unqualified) opinion. Revenue from operations fell sharply to ₹208.65 lakhs from ₹1,135.95 lakhs in the same quarter last year, an ~82% year-on-year decline, though total income reached ₹445.16 lakhs supported by ₹236.52 lakhs in other income. Standalone profit after tax stood at ₹27.97 lakhs (EPS ₹0.06), while consolidated PAT was ₹12.36 lakhs. The company commenced commercial production at its new manufacturing facility in Fabcity, Hyderabad on July 25, 2025. The Board also disclosed a SEBI penalty (now paid) for non-compliance with Regulation 33, described as inadvertent, and noted that subsidiary Surana Technologies (STPL) is no longer consolidated after Baidyanath Power took control.
The steep revenue drop reflects the loss of trading income this quarter and the wind-down of the STPL subsidiary, but profitability held up on the back of other income and lower costs. Shareholders should watch for revenue ramp-up from the new Fabcity manufacturing facility, which is a key growth lever going forward. The SEBI penalty is a minor compliance red flag but has been resolved.