Suratwwala Business Group reports ₹38 crore PAT in FY26
Suratwwala Business Group reported a revenue of ₹143 crore and a net profit of ₹38 crore for FY26. The real estate segment contributed ₹89 crore in revenue with a 46% margin, while the renewable energy segment added ₹54 crore. The company holds a 180-acre land bank and a ₹100 crore solar order pipeline.

*this image is generated using AI for illustrative purposes only.
Suratwwala Business Group reported a revenue of ₹143 crore and a profit after tax (PAT) of ₹38 crore for the financial year ended March 31, 2026 (FY26). The company, which operates through real estate development and renewable energy verticals, highlighted a net worth of ₹110 crore and a debt-to-equity ratio below 0.8x. Management shared these details during an investor meet organized by Hem Securities on June 19, 2026.
The financial performance was driven by the company's dual business model. The real estate segment contributed ₹89 crore in revenue with a profit before tax (PBT) of ₹41 crore, resulting in a margin of approximately 46%. The renewable energy segment, operated through subsidiary Suratwwala Natural Energy Resource Pvt Ltd (SNER), generated ₹54 crore in revenue with a PBT of ₹10 crore and a margin of approximately 19%.
Financial Performance
Management stated that FY26 marked a significant milestone, achieving growth while maintaining balance sheet strength. The company has never defaulted on any debt repayment since inception. Total group debt stands at approximately ₹80 crore, of which around ₹50 crore is project-specific debt.
| Particulars | FY26 |
|---|---|
| Revenue | ₹143 crore |
| PAT | ₹38 crore |
| Net Worth | ₹110 crore |
Operational Highlights
The real estate portfolio includes the flagship commercial project Suratwala Mark Plazzo (SMP) and upcoming residential developments at Prabhat Road and Kasar Amboli. Approximately 6 lakh sq. ft. of projects are currently under execution. Management noted that around 80% of existing inventory has been sold, with historical realizations ranging between ₹9,000–10,000 per sq. ft., achieving bookings worth approximately ₹100 crore.
In the renewable energy sector, the company has 3 MW of operational power purchase agreement (PPA) assets generating recurring income. The current executable order pipeline stands at approximately ₹100 crore. Management outlined a strategy to expand real estate operations beyond Pune and scale the solar EPC platform.
Strategic Assets
Suratwwala Business Group has accumulated approximately 180 acres across Pune's growth corridors over the past decade. These land assets are carried on the balance sheet at historical acquisition costs. The company has strengthened its governance framework with qualified independent directors and professional management across key divisions.
Historical Stock Returns for Suratwwala Business Group
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.65% | +0.81% | -0.53% | -33.98% | -43.14% | +17.96% |
How does the company plan to fund its expansion into new real estate markets beyond Pune given the current leverage?
What is the expected timeline and revenue contribution from the upcoming residential projects at Prabhat Road and Kasar Amboli?
How will the strategy to scale the solar EPC platform impact the margin profile of the renewable energy segment?

































