Surana Solar Ltd Q3FY24 PAT at Rs. 10.64 lakhs

Surana Solar Limited has reported Standalone financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 4.6828 crores during the period ended December 31, 2023 as compared to Rs. 3.0899 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 0.1064 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. -1.4547 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 0.02 for the period ended December 31, 2023 as compared to Rs. -0.30 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 4.6828 crs	₹3.0899 crs	51.55%
Net Profit	₹0.1064 crs	₹-1.4547 crs	107.31%
EPS	₹0.02	₹-0.30	106.67%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 4.6828 crores during the period ended December 31, 2023 as compared to Rs.14.0594 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.0.1064 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.0.0277 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.0.02 for the period ended December 31, 2023 as compared to Rs.0.01 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 4.6828 crs	₹14.0594 crs	-66.69%
Net Profit	₹0.1064 crs	₹0.0277 crs	284.12%
EPS	₹0.02	₹0.01	100.00%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.15.0252 crores during the 9 Months period ended December 31, 2023 as compared to Rs.38.6286 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.-1.1045 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.2.0329 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.-0.22 for the 9 Months period ended December 31, 2023 as compared to Rs.0.41 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹15.0252 crs	₹38.6286 crs	-61.10%
Net Profit	₹-1.1045 crs	₹2.0329 crs	-154.33%
EPS	₹-0.22	₹0.41	-153.66%

Shares of Surana Solar Limited was last trading in BSE at Rs. 34.52 as compared to the previous close of Rs. 35.49. The total number of shares traded during the day was 62063 in over 588 trades.

The stock hit an intraday high of Rs. 35.71 and intraday low of 34.10. The net turnover during the day was Rs. 2139912.00.

Source : Equity Bulls

Keywords

SuranaSolar Q3FY24 9MFY24 ResultUpdate