Surana Solar Limited Announces CFO Appointment, Land Approval, and Q1 Financial Results
Surana Solar Limited has approved several key corporate actions following its Board Meeting on July 25, 2026. In addition to confirming the appointment of a new Chief Financial Officer, the company also approved a land conversion application under the Hyderabad Industrial Lands Transformation Policy (HILTP). The board members reviewed and took on record the un-audited financial results for the quarter ending June 30, 2026.The Board meeting also sanctioned the application submitted under the HILTP for converting industrial land to multi-use development. This land is located in Cherlapally, comprising Survey Nos. 212/2 to 212/4, covering an area of 14,671 square yards (12,267.99 square metres). The company noted that 10% of the conversion fees have been paid, with the balance due from the applicant.
Furthermore, Buvankar Shekarnath was appointed as the Chief Financial Officer, effective July 25, 2026.
Q1 Results and Financial Highlights
The Company released its un-audited financial results for the quarter ended on June 30, 2026. Key figures from the statement are detailed below (Amounts in Lakhs):| Particulars | Quarter Ended 30.06.2026 (Unaudited) | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 30.06.2025 (Unaudited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Income | ||||
| Revenue from operations | 1,715.06 | 1,361.35 | 208.85 | 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 |
| Expenditure & Profit | ||||
| Cost of material consumed | 1,387.07 | 1,339.93 | 264.48 | 2,164.08 |
| Total Expenses | 1,713.53 | 1,414.60 | 408.66 | 2,620.16 |
| Profit before tax (PBT) | 637.07 | 17.51 | 36.50 | 156.02 |
| Total tax expenses | 93.00 | (2.29) | 8.53 | 32.05 |
| Profit/Loss for the period | 544.07 | 19.80 | 27.97 | 123.97 |
| Earnings Per Share (Basic/Diluted) | 1.11 | 0.04 | 0.08 | 0.25 |
Segment Performance Overview
The company reported its segment results, categorizing operations into Solar Products and Renewable Energy. The data shows the performance across various metrics for both segments within the respective periods (Amounts in Lakhs).| Particulars | Solar Products | Renewable Energy | Total Segments |
|---|---|---|---|
| Revenue from Operations | 1,713.42 | 1.64 | 1,715.06 |
| Segment Results (Profit/Loss) | 61.51 | 0.82 | 62.33 |
| Total Segment Assets | 4,259.05 | 29.94 | 4,288.99 |
Limited Review of Financial Results
The un-audited financial results for the quarter ended on June 30, 2026, have been subjected to a Limited Review Report by auditors. The report confirms that nothing has come to the attention of the Chartered Accountants firm that causes them to believe that the accompanying Statement of Unaudited Financial Results does not disclose the required information or contains any material misstatement in terms of applicable accounting standards and recognized practices.SURANASOL Stock Price Movement
On Friday, shares of Surana Solar Limited gained by 0.42% to settle at ₹26.26, reflecting a modest positive close for the stock. The company saw intraday trading volatility between a low of ₹25.81 and a high of ₹26.49 on the day, amidst volume totaling 65,632 shares.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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