One of many micro-cap photo voltaic shares engaged in manufacturing photo voltaic photovoltaics has hit a 5% higher circuit after reporting elevated income by 415.76 p.c YOY, changing internet loss into internet revenue in YOY and a rise of fifty.84 p.c QoQ in Q2 FY25.
Share Worth Motion
The share worth of Surana Photo voltaic Restricted hit a 5 p.c higher circuit to Rs. 58.30 per share on Monday, a major rise from its earlier shut of Rs. 55.53 per share. Over the previous yr, the share has delivered returns of over 157 p.c. The market capitalization now stands at roughly Rs. 286.87 crore as of October 21, 2024.
What Occurred
This bullish motion within the inventory worth was attributable to Surana Photo voltaic Restricted’s will increase in income and internet earnings in the newest quarter. In line with its current submitting, within the quarter ending September 2024, Surana Photo voltaic Restricted’s income from operations has elevated by 415.73 p.c YOY, from Rs. 2.77 crore in Q2 FY24 to Rs. 14.28 crore in Q2 FY25, and grown by 25.70 p.c QoQ from Rs. 11.36 crore in Q1 FY25.
The corporate has earned income from photo voltaic merchandise by 20.66 p.c, buying and selling by 79.25 p.c, and renewable vitality by 0.09 p.c within the September quarter of monetary yr 2025
Surana Photo voltaic Restricted’s internet loss has was a internet revenue, from Rs. -1.7 crore in Q2 FY24 to Rs. 0.48 crore in Q2 FY25. As in comparison with the final quarter of 2025, the corporate’s internet revenue is up by 50.84 p.c QoQ from Rs. 0.32 crore.
The corporate’s EPS has elevated by 16.67 p.c, from Rs. 0.06 in Q1 FY25 to Rs. 0.07 in Q2 FY25. The EBITDA margin has improved by 153% YOY.
When it comes to return ratios, Surana Photo voltaic Restricted’s share ROE and ROCE are at the moment at 2.68 p.c and a pair of.59 p.c, respectively. Surana Photo voltaic Restricted is an nearly debt-free firm, which has a debt-to-equity ratio of 0.06x.
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Shareholding Sample:
As of the September 2024 shareholding sample, Surana Photo voltaic Restricted has majorly held a promoter by 42.89 p.c, a international institutional investor by 0.31 p.c, a home institutional investor by 0.03 p.c, and the general public by 56.78 p.c.
In regards to the firm
Surana Photo voltaic Restricted was based in 1978 and established as a part of the Surana Group Hyderabad. The corporate manufactures photo voltaic photovoltaic modules in India. The corporate makes a speciality of photo voltaic panels and wind energy era and trades numerous solar-related merchandise throughout markets.
The corporate’s manufacturing facility produces high-quality SPV modules and photo voltaic lighting methods for various functions. The corporate operates 4 grid-connected solar energy crops in Gujarat and Telangana areas.
The corporate conducts enterprise by way of two principal segments, reminiscent of photo voltaic merchandise and renewable vitality for sustainable energy options. Surana Photo voltaic undertakes turnkey EPC energy initiatives and maintains a robust presence in photo voltaic infrastructure improvement. Surana Photo voltaic Restricted plans to increase with 30 MW energy initiatives in Karnataka, Andhra Pradesh, and Tamil Nadu
Written By- Nikhil Naik
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