Surana Solar Reports Strong Financial Performance in Q2 FY25, Surpasses Previous Sales Record

Surana Solar, a microcap company in the renewable energy industry, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

Despite this, Surana Solar has shown positive financial performance in the quarter, with a score of 17 out of 100, a significant improvement from 0 in the previous 3 months.

One of the key factors contributing to this positive performance is the company’s net sales, which have grown by 173.64% year on year, reaching Rs 25.64 crore in the half-yearly period. This is a very positive trend for the company.

Moreover, the company’s net sales in the half-yearly period have surpassed the sales of the previous 12 months, indicating a strong growth trajectory.

In terms of profitability, Surana Solar has also shown promising results. The company’s operating profit (PBDIT) in the quarter was the highest in the last five quarters, at Rs 0.77 crore. The near-term trend for operating profit is positive.

Similarly, the company’s profit before tax (PBT) and profit after tax (PAT) in the quarter were also the highest in the last five quarters, at Rs 0.22 crore and Rs 0.33 crore respectively. This indicates a positive trend in the company’s profitability.

Furthermore, Surana Solar’s earnings per share (EPS) in the quarter were the highest in the last five quarters, at Rs 0.07. This shows that the company has been able to generate higher earnings for its shareholders.

Overall, Surana Solar’s financial results for the quarter ending September 2024 have been positive, with strong growth in net sales and profitability. This is a promising sign for the company’s future performance in the renewable energy industry.