Surana Solar Q2FY27 Net Profit Rises 38.6% to ₹75.25 Lakh as Revenue Jumps 296.9%

Surana Solar reported a 38.6% year-on-year rise in net profit to ₹75.25 lakh for the second quarter of fiscal year 2027, with revenue from operations up 296.9% to ₹1,022.67 lakh. The Hyderabad-based solar module manufacturer's board approved the unaudited results for the quarter and half-year ended September 30, 2026, on October 26, 2026, ScanX said.

Surana Solar's Q2 Profit and Revenue Jump

Revenue from operations climbed to ₹1,022.67 lakh from ₹257.66 lakh a year earlier. Profit before tax expanded to ₹103.21 lakh from ₹73.12 lakh, while other income fell 85.3% to ₹54.08 lakh from ₹367.44 lakh. Total income rose 72.2% to ₹1,076.75 lakh.

For the half-year, net profit reached ₹619.32 lakh against ₹82.27 lakh in H1FY26, and revenue stood at ₹2,737.73 lakh against ₹466.31 lakh. Surana Solar said segment results are no longer applicable because it now operates under a single reporting segment, Solar Products, after the Renewable Energy Generation segment was disposed of. Non-current assets rose to ₹4,994.92 lakh as of September 30, 2026, from ₹3,622.68 lakh as of March 31, 2026, largely on financial assets, with loans at ₹2,568.01 lakh.

Operating cash flow was positive at ₹886.26 lakh for the half-year, helped by non-operating items. Profit on the sale of fixed assets contributed ₹580.54 lakh to profit before tax, and core operating profit before working capital changes was ₹191.04 lakh. Trade receivables increased to ₹189.86 lakh from ₹55.37 lakh.

Surana Solar's Manufacturing and Divestment Record

Surana Solar Limited is an Indian solar PV module manufacturer and EPC contractor headquartered in Hyderabad, serving state-owned power utilities, project developers and commercial customers with N-Type TOPCon and bifacial modules, battery energy storage systems and turnkey solar power plant construction, according to akta.pro company records. The same records show the company began 500 MW N-Type TOPCon module manufacturing at Fabcity, Hyderabad, against a 12 MW plant at Cherlapally, and that its board approved the divestment of a 49% equity stake in subsidiary Surana Technologies to Baidyanath Power Private Limited for Rs 2.03 crore in May 2025.

Surana Solar's Earlier Filings This Year

In August 2026, Surana Solar's board approved a proposal to alter its Memorandum of Association to enter artificial intelligence data centre, high-performance computing and GPU infrastructure business, subject to shareholder approval by special resolution, ScanX said. In July 2026, the company reported standalone net profit of ₹5.44 crore for the quarter ended June 2026, up 1,841% from ₹0.28 crore, ScanX said. Business Standard put the same quarter's standalone net profit rise at 1,842.86%.

Surana Solar's Next Steps

The Memorandum of Association change for the artificial intelligence data centre business requires approval by shareholders via special resolution, ScanX said.