StockWatch
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Suratwwala Business Group Ltd

BSE: 543218

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
19.77
-45.3%+25.3%
Expenditure
10.86
-51.1%+24.6%
Net Profit
6.60
-36.0%+25.8%
OPM %
46.10%
+6.78pp+2.80pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.0010.1220.2530.3740.50Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Suratwwala Q1FY27: PAT +75% YoY to Rs.9.3 Cr on Solar scale-up, margin compresses sharply

real estate · solar epc · margin compression

ResultsQ1 FY2713 Aug 20263 minReal Estate
Latest
Board Meeting13 Aug, 7:30 pm

Suratwwala Q1FY27: PAT +75% YoY to Rs.9.3 Cr on Solar scale-up, margin compresses sharply

Suratwwala Business Group's consolidated Q1 FY27 (unaudited) print shows revenue from operations up 164% YoY to Rs.42.12 Cr (Rs.15.95 Cr a year ago) and net profit up 75.3% YoY to Rs.9.34 Cr (Rs.5.33 Cr a year ago), with basic EPS at Rs.0.53 versus Rs.0.31 YoY. Because profit growth trails revenue growth by a wide margin, this is a growth print with clear margin compression rather than an unambiguously strong one: consolidated NPM fell to 21.9% from 32.2% YoY, and segment operating margin followed the same path. Sequentially, revenue and PAT are down ~29% from Q4 FY26 (Rs.58.97 Cr revenue, Rs.13.28 Cr PAT) — real estate/EPC revenue recognition is inherently lumpy around project milestones, and Q4 is typically the heaviest execution quarter, so this QoQ dip reads as a sequencing artifact rather than a demand issue. The margin bridge is a mix-shift story: per the segment note, Solar Unit revenue jumped from Rs.0.82 Cr to Rs.23.25 Cr YoY (now ~55% of segment revenue versus ~5% a year ago), while Real Estate revenue grew a steadier 25.2% YoY to Rs.19.02 Cr. Segment PBT tells the same story — Real Estate Rs.8.92 Cr (+25.8% YoY) versus Solar Rs.4.03 Cr (up from Rs.0.11 Cr YoY) — confirming the Solar business is scaling fast but at thinner margins, diluting the consolidated ratio even as absolute profit rises. Standalone (real-estate only, ex-Solar) PAT grew a much more modest 25.8% YoY to Rs.6.60 Cr on 25.2% revenue growth to Rs.19.02 Cr — a sharp divergence from the consolidated print that is entirely attributable to Solar-subsidiary consolidation, not a change in the core real estate business. Our records carry no prior management guidance or concall read for this company, and no formal outlook was found in this filing either — so the print cannot be graded against guidance. No quarter-specific street consensus for Q1 FY27 was found; the only external estimate located was a full-year FY27 PAT growth projection of roughly 15-20% (Univest), which this quarter's YoY pace already runs well ahead of, though that is a full-year run-rate rather than a quarterly estimate, so vsStreet is marked unknown. Company developments this quarter include the June 19 investor meet highlighting FY26 performance (revenue up 301% to Rs.142.99 Cr, per our event records) and a Rs.100 Cr order pipeline, the trading-window closure from July 1 ahead of results, and the Board's August 13 approval of both the Q1 results and a final FY26 dividend of Rs.0.12/share (12%), record date September 11, 2026. No separate management press release was available in the context to check framing against.

13 Aug 2026, 07:30 pm

Corporate Events

Board MeetingSBGLP
2026
23Sep

Board Meeting

The 19th Annual General Meeting ('AGM') of the Company is sc…

BSE Filing
DividendSBGLP
2026
11Sep

₹0.12 / share

BSE Filing
Board MeetingSBGLP
2026
13Aug

Board Meeting

To consider and approve Un-Audited Standalone and Consolidat…

BSE Filing
Board MeetingSBGLP
2026
19Jun

Board Meeting

The management of the Company met with a group of investors …

BSE Filing
Board MeetingSBGLP
2026
27May

Board Meeting

To consider and approve Audited (Standalone and Consolidated…

BSE Filing
Board MeetingSBGLP
2026
12Feb

Board Meeting

Un-Audited Standalone and Consolidated Financial Statements …

BSE Filing
Board MeetingSBGLP
2024
26Oct

Board Meeting

Consider and approve

BSE Filing
Board MeetingSBGLP
2024
23Aug

Board Meeting

ANNUAL GENERAL MEETING, appointment/re-appointment of Direct…

BSE Filing
Board MeetingSBGLP
2024
24May

Board Meeting

To consider and approve Audited Financial results of the Com…

BSE Filing
Stock SplitSBGLP
2024
18Apr

1:10

BSE Filing
Board MeetingSBGLP
2024
13Feb

Board Meeting

Consider and approve the increase in the authorized share ca…

BSE Filing
Board MeetingSBGLP
2024
7Feb

Board Meeting

Consideration and approval of un-audited financial results f…

BSE Filing
Board MeetingSBGLP
2023
7Nov

Board Meeting

Consider and approve alteration in share capital

BSE Filing
Stock SplitSBGLP
2023
1Nov

10:1

BSE Filing
Board MeetingSBGLP
2023
14Aug

Board Meeting

To consider and approve un-audited Standalone and Consolidat…

BSE Filing