Synopsis: Solar stock jumps over 15 percent after reporting 1,843 percent YoY profit growth and 721 percent revenue growth in Q1 FY27, driven by strong solar product sales.
The share of this company, which is in the business of manufacturing Solar Photovoltaic Modules, generation of Wind and Solar Power energy, and trading of other solar-related products, came under focus after posting stellar Q1 numbers.
With a market capitalization of Rs 140 crore, Surana Solar Ltd’s stock on Monday made a day high of Rs 30.47 per share, up by 15.19 percent from its previous day’s close price of Rs 26.45 per share. The share of the company gave a negative return of 12 percent over the year.
Result Overview
QoQ Performance
Revenue grew by 26.47 percent to Rs 17.2 crore in Q1 FY27 from Rs 13.6 crore in Q4 FY26, and EBITDA grew by 533.33 percent to Rs 0.57 crore in Q1 FY27 from Rs 0.09 crore in Q4 FY26. Accompanied by a net profit growth of 2,620 percent to Rs 5.44 crore in Q1 FY27 from Rs 0.20 crore in Q4 FY26, resulting in an EPS growth of 2,675 percent to Rs 1.11 per share in Q1 FY27 from Rs 0.04 per share in Q4 FY26.
YoY Performance
Revenue grew by 721 percent YoY to Rs 17.2 crore in Q1 FY27 from Rs 2.09 crore in Q1 FY26, and EBITDA turned positive to Rs 0.57 crore in Q1 FY27, turning around from a loss of Rs 1.65 crore in Q1 FY26. Accompanied by a net profit growth of 1,843 percent to Rs 5.44 crore in Q1 FY27 from Rs 0.28 crore in Q1 FY26, resulting in an EPS growth of 1750 percent to Rs 1.11 per share in Q1 FY27 from Rs 0.06 per share in Q1 FY26.
Revenue segment Performance
Solar Products: The Solar Products segment remained the key growth driver, with revenue rising to Rs 17.13 crore in Q1 FY27, compared to Rs 13.50 crore in Q4 FY26 and Rs 2.07 crore in Q1 FY26, reflecting strong growth on both a sequential and year-on-year basis.
Renewable Energy: The Renewable Energy segment reported revenue of Rs 0.02 crore in Q1 FY27, compared to Rs 0.10 crore in Q4 FY26 and Rs 0.01 crore in Q1 FY26. The sequential decline was offset by a marginal year-on-year increase.
Overall Segment Revenue: Total segment revenue stood at Rs 17.15 crore in Q1 FY27, up from Rs 13.61 crore in Q4 FY26 and Rs 2.09 crore in Q1 FY26, driven primarily by the strong performance of the Solar Products business.
About the Company
Incorporated in 2006, Surana Solar Ltd is in the business of manufacturing Solar Photovoltaic Modules, generation of Wind and Solar Power energy, and trading of other solar-related products, which includes TOPCon solar PV modules at its 500 MW manufacturing facility in Fabcity, Hyderabad. It also undertakes solar power projects and provides Battery Energy Storage System (BESS) solutions.
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