Suratwwala Business Group Achieves Transformational Growth with Revenue Up 301% in FY26

Suratwwala Business Group Achieves Transformational Growth with Revenue Up 301% in FY26​

Pune, May 27, 2026 - Suratwwala Business Group Limited (BSE: 543218 | NSE: SBGLP), a listed real estate development company also engaged in solar EPC activities through its subsidiary Suratwwala Natural Energy Resource Private Limited (SNER), announced its Audited Consolidated Financial Results for the year ended March 31, 2026.

The Group reported significant year-over-year growth, attributing the performance to the operationalization of leverage and commercial monetization across both its core real estate and solar EPC verticals.

Key Financial Highlights for FY26​

The company's consolidated financial metrics showed substantial scaling in the fiscal year.

Segment Performance Drives Growth​

The impressive revenue growth was spearheaded by both the Real Estate Segment and the Solar EPC division.


Real estate execution remains a core contributor, with the segment reporting a PBT of 41.15 Cr in FY26, up from 14.71 Cr in the previous year. Notably, the Solar EPC vertical scaled materially in FY26, contributing approximately 38% of the consolidated Group revenue.

Balance Sheet Strength and Operational Focus​

The financial results reflect an earnings-led balance sheet strengthening, with Total Assets expanding 42.0% year over year. Net Worth increased by 57.5% to 110.41 Cr.

Going forward, the Group emphasizes disciplined working capital management and milestone-based collections from both solar EPC and SMP projects.

For FY27, the operational focus areas include:

• Collections & Cash Conversion: Prioritizing milestone-based collections from solar EPC and SMP projects.
• WIP Monetisation: Converting execution-stage Work-in-Progress (WIP) into recognized revenue.
• Treasury Optimisation: Focusing on debt optimization, repayment monitoring, and liquidity planning.
• Solar Scale-up: Maintaining selective EPC pipeline growth with execution efficiency.

Growth Pipeline and Future Visibility​

The Group continues to maintain a visible pipeline across multiple platforms. The primary commercial real estate platform remains the TOD/SMP development, while the luxury residential segment is being strengthened through development at Prabhat Road, Pune. Additionally, the Kasar Amboli villa development project has received Environmental clearance.

For future revenue recognition, the Group notes that income from certain sold units remains linked to completion milestones and Occupation Certificate triggers, providing visibility as execution milestones are achieved. The Solar EPC vertical itself enters FY27 with approximately INR 100 Cr of EPC and PPA-linked projects under execution, positioning it as a major growth engine for the company.

SBGLP Stock Price Movement​

On Friday, Suratwwala Business Group Limited shares edged higher to close at ₹26.63, posting a 2.02% gain on the day. The stock finished the session having gained ₹0.53 and saw significant trading activity with a volume of 75,952 shares.