Suratwwala FY26 revenue surges 301% to ₹142.99 crore
Suratwwala Business Group reported a 301% YoY increase in consolidated revenue to ₹142.99 crore for FY26, with Profit Before Tax growing 237.5% to ₹51.61 crore. The solar EPC vertical contributed 38% of group revenue, while the real estate segment maintained momentum through key projects. The company enters FY27 with ₹100 crore of solar projects under execution and a focus on cash conversion and treasury optimisation.

*this image is generated using AI for illustrative purposes only.
Suratwwala Business Group reported a 301% year-on-year surge in consolidated revenue to ₹142.99 crore for the financial year ended March 31, 2026, driven by the scale-up of its real estate execution and solar EPC verticals. Profit before tax rose 237.5% to ₹51.61 crore, while net worth increased 57.5% to ₹110.41 crore, reflecting earnings-led balance sheet strengthening. The solar EPC vertical, operationalised through subsidiary Suratwwala Natural Energy Resource Private Limited, contributed approximately 38% of the consolidated group revenue.
The Board of Directors approved the audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026. Statutory auditors issued an unmodified opinion on both standalone and consolidated financial statements. The company confirmed there is no default position on any borrowing facility as at March 31, 2026.
Key Financial Summary - FY26 Audited Consolidated
| Particulars | FY26 (₹ in Cr) | FY25 (₹ in Cr) | YoY % |
|---|---|---|---|
| Revenue from Operations | 142.99 | 35.63 | 301.3% |
| Profit Before Tax (PBT) | 51.61 | 15.29 | 237.5% |
| Total Assets | 262.98 | 185.27 | 42.0% |
| Net Worth | 110.41 | 70.14 | 57.5% |
| Total Liabilities | 141.82 | 115.13 | 23.2% |
Segment Performance
The group’s performance was bolstered by its two primary business verticals. The Real Estate Segment reported revenue of ₹89.29 crore and PBT of ₹41.15 crore, led by execution momentum across TOD/SMP Buildings C, D, and E. The Solar EPC segment, via SNER, recorded revenue of ₹54.49 crore and PBT of ₹10.46 crore, marking its first full operational scale-up year.
| Segment | Revenue FY26 (₹ in Cr) | Revenue FY25 (₹ in Cr) | PBT FY26 (₹ in Cr) | PBT FY25 (₹ in Cr) |
|---|---|---|---|---|
| Real Estate Segment | 89.29 | 32.24 | 41.15 | 14.71 |
| Solar EPC – SNER | 54.49 | 3.58 | 10.46 | 0.58 |
Growth Pipeline
Looking ahead to FY27, the group outlined its focus on milestone-based collections, work-in-progress monetisation, and treasury optimisation. The Solar EPC vertical enters the new year with approximately ₹100 crore of EPC and PPA-linked projects under execution. In real estate, the group is progressing the luxury residential Prabhat Road project and the Kasar Amboli villa development, which has received environmental clearance.
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 will the company balance capital allocation between the high-growth Solar EPC vertical and the luxury real estate projects in FY27?
What is the expected timeline for revenue recognition from the ₹100 crore of EPC and PPA-linked projects currently under execution?
With the Solar EPC vertical achieving its first full operational scale-up, what are the margins outlook for future solar contracts compared to the current 19% PBT margin?

































