Suraj Limited reported a standalone net profit of ₹32.42 crore for the quarter ended June 30, 2026, marking a 109.4% increase compared to ₹15.48 crore in the corresponding period of the previous year. The company's revenue from operations for the quarter stood at ₹390.28 crore, down from ₹503.43 crore in Q1FY25. Total income for the period was ₹399.15 crore, while total expenses were recorded at ₹351.28 crore.

The Board of Directors approved the unaudited standalone and consolidated financial results along with the Limited Review Report for the quarter ended June 30, 2026, at a meeting held on July 23, 2026. The statutory auditors, Rinkesh Shah & Co., carried out the limited review of the financial results. The company operates a single reportable segment focused on the manufacturing of stainless and various steel seamless pipes, tubes, flanges, and fittings.

On a consolidated basis, the company reported a net profit of ₹35.90 crore for Q1FY26, compared to ₹27.44 crore in the same quarter of the previous year. Revenue from operations remained consistent with the standalone figures at ₹390.28 crore. The profit before tax for the quarter was ₹51.34 crore, and the share of profit from associates was ₹3.47 crore. The consolidated financial results include the unaudited financial results of associate entity Suraj Enterprise Private Limited.

The basic and diluted earnings per share (EPS) for the standalone entity increased to ₹1.77 in Q1FY26 from ₹0.84 in the prior year. On a consolidated basis, the EPS rose to ₹1.95 from ₹1.49 in the corresponding period last year. The paid-up equity share capital remained unchanged at ₹1,836.41 lakh. There were no investor complaints pending or received as of June 30, 2026.

Financial Performance Summary

Suraj Limited held its 33rd Annual General Meeting on June 26, 2026, via video conferencing, where shareholders adopted the audited financial statements for the financial year ended March 31, 2026. All five resolutions on the agenda were passed with the requisite majority, including the re-appointment of a director and the ratification of cost auditor remuneration. The statutory auditors' report contained no qualifications, reservations, or adverse remarks.

The remote e-voting period commenced on June 23, 2026, and concluded on June 25, 2026. A total of 25 members participated through video conferencing out of 2,856 shareholders as on the record date of June 19, 2026. The voting results were scrutinized by Hardikkumar Dhirubhai Jetani of Hardik Jetani & Associates, appointed as the Scrutinizer for the meeting.

Resolutions Passed

The business transacted included the adoption of standalone and consolidated financial statements and approvals for related party transactions. The following table details the voting outcomes:

Key Attendees and Scrutiny

The meeting was chaired by Mr. Ashok Shah, Chairman & CFO. Key company officials present included Whole Time Directors Mr. Gunvantkumar Tarachand Shah and Ms. Shilpa Mangaldas Patel, and Managing Director Mr. Kunal Tarachand Shah. Independent Directors Mr. Jigar Jagrutkumar Mehta, Mr. Altesh Jayantilal Shah, Mr. Sanjay Dayalji Kukadia, and Mr. Saharsh Rajeshbhai Gandhi were also in attendance.

Mr. Rinkesh Shah from Rinkesh Shah & Co., the Statutory Auditor, and Mr. Hardik Jetani from Hardik Jetani & Associates, the Secretarial Auditor, were present. Mr. Hardik Jetani scrutinized the voting process to ensure transparency for both remote e-voting and voting conducted through CDSL at the AGM.