Surana Solar Announces CFO Appointment, Approves Land Conversion Bid, Releases Q2 Financial Results
Surana Solar Ltd has released significant outcomes from its Board of Directors meeting held on July 25, 2026. Key decisions include the appointment of a new Chief Financial Officer and the approval of an application submitted for industrial land conversion in Hyderabad. The company also provided un-audited financial results for the quarter ended June 30, 2026.The Board meeting conducted by Surana Solar Ltd approved the un-audited financial outcomes and addressed several corporate matters. Buvankar Shekarnath was appointed as the Chief Financial Officer effective July 25, 2026. Additionally, the company approved the application filed under the Hyderabad Industrial Lands Transformation Policy (HILTP). This application pertains to the conversion of industrial land located at Phase-II, IDA Cherlapally, covering Survey Nos. 212/2 to 212/4, which measures 14,671 square yards.
Details regarding the un-audited financial performance for the quarter ended June 30, 2026, are presented below:
| Particulars | Quarter Ended 30.06.2026 (Un audited) | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 30.06.2025 (Un audited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 1,715.06 | 1,361.35 | 208.65 | 2,083.43 |
| Other Income | 635.54 | 70.76 | 236.52 | 692.76 |
| Total Income | 2,350.60 | 1,432.11 | 445.16 | 2,776.18 |
| Cost of material consumed | 1,387.07 | 1,339.93 | 264.48 | 2,164.08 |
| Changes in inventories of stock in trade | 77.68 | (121.30) | 1.54 | (298.75) |
| Employee benefits expense | 54.19 | 48.61 | 24.49 | 180.15 |
| Finance Cost | 0.50 | 5.85 | 3.85 | 22.60 |
| Depreciation and amortisation expenses | 55.33 | 56.06 | 31.30 | 200.10 |
| Other expenses | 138.77 | 85.45 | 82.98 | 352.00 |
| Total expenses | 1,713.53 | 1,414.60 | 408.66 | 2,620.16 |
| Profit before tax (Income minus Expenditure) | 637.07 | 17.51 | 36.50 | 156.02 |
| Current tax | 94.83 | 28.19 | 13.10 | 28.78 |
| Deferred tax | (1.83) | (30.48) | (4.57) | 3.27 |
| Total tax expenses | 93.00 | (2.29) | 8.53 | 32.05 |
| Profit for the period | 544.07 | 19.80 | 27.97 | 123.97 |
In terms of segment reporting, Surana Solar demonstrated a total segment revenue of 1,715.06 in the quarter ended June 30, 2026. For this period, Profit before tax stood at 637.07.
The company’s operations are divided across two segments: Solar Products and Renewable Energy. The key metrics for these segments are detailed in the following table:
| Particulars | Quarter Ended 30.06.2026 (Un audited) | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 30.06.2025 (Un audited) | Year ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Solar Products Segment Revenue | 1,713.42 | 1,350.99 | 207.30 | 2,069.51 |
| Renewable Energy Segment Revenue | 1.64 | 10.36 | 1.35 | 13.92 |
| Total Segment Results | 62.33 | 43.74 | (34.17) | 20.50 |
The un-audited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors.
SURANASOL Stock Price Movement
On Friday, shares of Surana Solar Limited edged higher, settling at ₹26.26 after gaining ₹0.11 and closing up 0.42%. The stock traded a volume of 65,632 shares that day, managing to stay within a daily range marked by the low of ₹25.81 and the high of ₹26.49.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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