Surana Solar Limited has announced its financial results for the quarter ended September 30, 2024, delivering a strong performance. The company’s revenue from operations saw a significant rise of 52.35% year-on-year (YoY), climbing to ₹14.28 crore compared to ₹9.37 crore in the corresponding quarter last year. This robust growth was driven by higher demand and improved market positioning.
In addition to the revenue boost, the company posted a net profit of ₹0.33 crore, reflecting an increase of 17.69% YoY from ₹0.28 crore in the same period last year. This increase in profitability came despite a slight uptick in operational expenses, showcasing the company’s ability to manage costs efficiently while maintaining strong earnings growth.
Surana Solar’s strong quarterly results underline its resilience and strategic focus on expanding its operations amidst challenging market conditions. The company’s financial health has improved significantly, positioning it well for future growth in the renewable energy sector.