1. At a Glance
Surana Solar turned in a Q1 FY26 profit of ₹0.12 Cr (yes, lakhs) on sales ₹2.09 Cr, while losses from operations (-₹1.81 Cr) were rescued by ₹2.37 Cr other income. Amid this, they quietly launched a 180 MW TopCon solar module facility in Hyderabad—because why not expand when you’re barely profitable?
2. Introduction
Picture a startup burning cash but unveiling a shiny new gadget at CES—that’s Surana Solar this quarter.
- Sales collapsed to ₹2.09 Cr (–17% QoQ).
- Net profit ₹0.12 Cr only because other income saved the day.
- Promoter holding slipped to 43% (down from 65% in 3 years).
Still, the new plant smells like a growth story waiting to happen… if execution aligns with ambition.
3. Business Model (WTF Do They Even Do?)
SSL makes solar photovoltaic modules, EPC power projects (1–15 MW), and trades solar products. They also dabble in wind and solar energy generation. Basically, they sell the dream of clean energy while struggling to clean up
