Suraj Limited , a leading manufacturer and exporter of stainless steel seamless pipes, tubes, and fittings, announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company's board meeting held on January 16, 2026, approved the financial results pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 and declared an interim dividend for shareholders.

Q3FY26 Financial Performance

The company's standalone financial results for Q3FY26 showed challenging performance compared to the previous year. Revenue from operations declined to ₹6,188.42 lakhs in Q3FY26 from ₹6,361.14 lakhs in Q3FY25, representing a decrease of 2.71%. Net profit dropped significantly to ₹136.26 lakhs from ₹684.07 lakhs in the corresponding quarter of the previous year, marking an 80.08% decline.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹16,241.61 lakhs compared to ₹17,499.70 lakhs in the corresponding period of the previous year, marking a decline of 7.19%. Net profit for the nine-month period stood at ₹346.04 lakhs against ₹1,558.48 lakhs in the previous year, reflecting a substantial decrease of 77.80%.

Board Meeting Outcomes and Regulatory Compliance

The board meeting commenced at 10:30 a.m. and concluded at 1:00 p.m. on January 16, 2026. The directors considered and approved the standalone and consolidated unaudited financial results along with the Limited Review Report. The statutory auditors Rinkesh Shah & Co. conducted a limited review of the financial results in accordance with Standard on Review Engagement (SRE) 2410.

Interim Dividend Declaration

The board of directors declared an interim dividend of 15% (₹1.50 per equity share) for the financial year 2025-26. The dividend will be paid on equity shares having a face value of ₹10 each to shareholders whose names appear on the register of members and beneficial owners as per details from depositories.

Consolidated Results

The consolidated financial results, which include the associate entity Suraj Enterprise Private Limited, showed similar trends. Consolidated net profit for Q3FY26 was ₹137.67 lakhs compared to ₹705.62 lakhs in Q3FY25. For the nine-month period, consolidated net profit stood at ₹495.16 lakhs against ₹1,922.48 lakhs in the previous year. The consolidated results include the group's share of profit from associates of ₹1.41 lakhs for the quarter and ₹149.12 lakhs for the nine-month period.

Company Operations and Business Segment

Suraj Limited operates as a specialized manufacturer and exporter in the stainless steel industry, focusing on seamless pipes, tubes, U-tubes, flanges, fittings, and electro-polished finish products. As per Indian Accounting Standard 108, the company has only one reportable segment - manufacturing stainless steel, alloy steel, and carbon steel seamless pipes, tubes, flanges, and fittings business. The company maintains its registered office in Ahmedabad, Gujarat, with additional operations in Mumbai and manufacturing facilities in Thol, Kadi-Sanand Highway. The company reported no investor complaints received or pending as on December 31, 2025.

Suraj Estate Developers has strategically acquired two land parcels in the premium locality of Bandra (West), Mumbai, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The acquisition encompasses a total area of 2,666.37 square meters, positioning the company for future residential project developments.

Strategic Land Acquisition Details

The land acquisition represents a calculated investment in one of Mumbai's most coveted residential areas. The company has formally disclosed this acquisition to both NSE and BSE exchanges, highlighting the strategic importance of this purchase.

Regulatory Compliance and Disclosure

The acquisition was formally communicated to the stock exchanges through a regulatory filing. Company Secretary and Compliance Officer Mukesh Gupta signed the disclosure document, ensuring full compliance with SEBI regulations.

Market Positioning in Bandra West

Bandra (West) remains one of Mumbai's most prestigious residential destinations, known for its connectivity, infrastructure, and premium property values. The acquisition of land in this locality demonstrates Suraj Estate Developers' focus on high-value markets and strategic location selection for residential developments.

Future Development Plans

According to the regulatory disclosure, this acquisition will bolster the company's foray into launching new projects in Bandra (West). The acquired land parcels will serve as the foundation for upcoming residential project developments by the developer. With a combined area of 2,666.37 square meters, the parcels provide substantial development potential in the western suburbs of Mumbai.

The land purchase reflects the developer's confidence in Mumbai's real estate market and commitment to expanding its project portfolio in premium locations. The Bandra (West) acquisition positions Suraj Estate Developers to capitalize on the strong demand for quality residential properties in Mumbai's western corridor.