Document Title: Surana Solar Limited Q1 FY27 Unaudited Financial Results and Board Decisions
Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended 30th June, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Date of Board Meeting / Approval: 25th July, 2026 (11:00 A.M. to 11:30 A.M.)
Audit Opinion: Limited Review Report - No material misstatement noted
Auditor's Comment: Statutory Auditors Luharuka & Associates conducted limited review in accordance with SRE 2410, noting nothing came to their attention causing belief that the statement contains material misstatement.
Key Financial Highlights [Amount in ₹ Lakhs]
Standalone Results:
Revenue from Operations: ₹1,715.06 (Q1 FY27) vs ₹208.65 (Q1 FY26) - Significant YoY growth
Total Income: ₹2,350.60 (Q1 FY27) vs ₹445.16 (Q1 FY26)
Net Profit: ₹544.07 (Q1 FY27) vs ₹19.80 (Q4 FY26) and ₹27.97 (Q1 FY26) - Massive QoQ and YoY improvement
EPS: ₹1.11 (Basic and Diluted) for Q1 FY27 vs ₹0.04 in previous quarter and ₹0.06 in year-ago quarter
Other Equity: Not specified in standalone results
Cash and Cash Equivalents: Not disclosed
Debt: Not separately disclosed but finance cost was ₹0.50 lakh for Q1 FY27
Consolidated Results: Not specified - results presented appear to be standalone
Segment-wise Performance [Amount in ₹ Lakhs]:
Solar Products Segment:
- Revenue: ₹1,713.42 (Q1 FY27) vs ₹207.30 (Q1 FY26) - Massive YoY growth
- Segment Results: ₹61.51 profit (Q1 FY27) vs ₹(34.70) loss (Q1 FY26)
- Segment Assets: ₹4,259.05 (Q1 FY27) vs ₹5,318.36 (Q1 FY26)
Renewable Energy Segment:
- Revenue: ₹1.64 (Q1 FY27) vs ₹1.35 (Q1 FY26)
- Segment Results: ₹0.82 profit (Q1 FY27) vs ₹0.53 profit (Q1 FY26)
- Segment Assets: ₹29.94 (Q1 FY27) vs ₹37.17 (Q1 FY26)
Total Segment Revenue: ₹1,715.06 (Q1 FY27) vs ₹208.65 (Q1 FY26)
Total Segment Results: ₹62.33 profit (Q1 FY27) vs ₹(34.17) loss (Q1 FY26)
Corporate Actions:
Dividend declarations: Not specified
Share split/bonus/buyback: Not specified
Capital raising: Not specified
Regulatory Disclosures:
Appointment of Buvankar Shekarnath as Chief Financial Officer w.e.f. 25.07.2026
Application submitted under Hyderabad Industrial Lands Transformation Policy (HILTP) for conversion of industrial land to multi-use development
Land details: Survey Nos. 212/2 to 212/4, admeasuring 14,671 square yards (12,267.99 square metres), situated at Phase-II, I.D.A. Cherlapally, Ghatkesar Mandal, Medchal–Malkajgiri District
10% of conversion fees already paid, balance to be paid by applicant
Other Significant Information:
Total Assets: ₹7,304.33 lakh (Q1 FY27) vs ₹6,736.13 lakh (Q4 FY26) and ₹7,409.92 lakh (Q1 FY26)
Total Liabilities: ₹999.24 lakh (Q1 FY27) vs ₹973.29 lakh (Q4 FY26) and ₹1,565.49 lakh (Q1 FY26)
Capital Employed: ₹6,305.09 lakh (Q1 FY27) vs ₹5,762.84 lakh (Q4 FY26) and ₹5,844.43 lakh (Q1 FY26)
Tax expenses: Current tax ₹94.83 lakh, Deferred tax ₹(1.83) lakh for Q1 FY27