One of the micro-cap solar stocks engaged in manufacturing solar photovoltaics has hit a 5% upper circuit after reporting increased revenue by 415.76 percent YOY, converting net loss into net profit in YOY and an increase of 50.84 percent QoQ in Q2 FY25.
Share Price Movement
The share price of Surana Solar Limited hit a 5 percent upper circuit to Rs. 58.30 per share on Monday, a significant rise from its previous close of Rs. 55.53 per share. Over the past year, the share has delivered returns of over 157 percent. The market capitalization now stands at approximately Rs. 286.87 crore as of October 21, 2024.
What Happened
This bullish movement in the stock price was caused by Surana Solar Limited’s increases in revenue and net profits in the most recent quarter. According to its recent filing, in the quarter ending September 2024, Surana Solar Limited’s revenue from operations has increased by 415.73 percent YOY, from Rs. 2.77 crore in Q2 FY24 to Rs. 14.28 crore in Q2 FY25, and grown by 25.70 percent QoQ from Rs. 11.36 crore in Q1 FY25.
The company has earned revenue from solar products by 20.66 percent, trading by 79.25 percent, and renewable energy by 0.09 percent in the September quarter of financial year 2025
Surana Solar Limited’s net loss has turned into a net profit, from Rs. -1.7 crore in Q2 FY24 to Rs. 0.48 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit is up by 50.84 percent QoQ from Rs. 0.32 crore.
The company’s EPS has increased by 16.67 percent, from Rs. 0.06 in Q1 FY25 to Rs. 0.07 in Q2 FY25. The EBITDA margin has improved by 153% YOY.
In terms of return ratios, Surana Solar Limited’s share ROE and ROCE are currently at 2.68 percent and 2.59 percent, respectively. Surana Solar Limited is an almost debt-free company, which has a debt-to-equity ratio of 0.06x.
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Shareholding Pattern:
As of the September 2024 shareholding pattern, Surana Solar Limited has majorly held a promoter by 42.89 percent, a foreign institutional investor by 0.31 percent, a domestic institutional investor by 0.03 percent, and the public by 56.78 percent.
About the company
Surana Solar Limited was founded in 1978 and established as part of the Surana Group Hyderabad. The company manufactures solar photovoltaic modules in India. The company specializes in solar panels and wind power generation and trades various solar-related products across markets.
The company’s manufacturing facility produces high-quality SPV modules and solar lighting systems for diverse applications. The company operates four grid-connected solar power plants in Gujarat and Telangana regions.
The company conducts business through two main segments, such as solar products and renewable energy for sustainable power solutions. Surana Solar undertakes turnkey EPC power projects and maintains a strong presence in solar infrastructure development. Surana Solar Limited plans to expand with 30 MW power projects in Karnataka, Andhra Pradesh, and Tamil Nadu
Written By- Nikhil Naik
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