Latest news with #SuranaSolar
Time of India
16-05-2025
- Business
- Time of India
Surana Solar board approves 49% equity divestment in Surana Technologies
Surana Solar on Friday said its board has approved the proposal to divest 49 per cent equity share in its arm Surana Technologies . The transaction for the sale of a 49 per cent equity stake held in Surana Technologies Private Limited will be executed on Friday with Baidyanath Power Private Limited, according to a regulatory filing. The board of directors, at their meeting held on May 3, 2025, has approved the divestment/sale of 49 per cent of the equity stake held by Surana Technologies Pvt Ltd, a wholly owned subsidiary of the company, which is presently engaged in the implementation of 54MW Solar Power Project in Maharashtra, the filing said. Pursuant to this transaction, Surana Technologies Pvt Ltd will cease to be a wholly-owned subsidiary and continue as a subsidiary of the company. The expected data of completion of this transaction is May 30, 2025, and consideration for this stake sale is Rs 2,03,61,460, the filing added. There is no contribution to turnover, revenue, income, or net worth by Surana Technologies Pvt Ltd, as the company is yet to commence its business activity.
Business Standard
03-05-2025
- Business
- Business Standard
Surana Solar reports standalone net loss of Rs 0.71 crore in the March 2025 quarter
Sales decline 35.88% to Rs 2.52 crore Net Loss of Surana Solar reported to Rs 0.71 crore in the quarter ended March 2025 as against net loss of Rs 0.15 crore during the previous quarter ended March 2024. Sales declined 35.88% to Rs 2.52 crore in the quarter ended March 2025 as against Rs 3.93 crore during the previous quarter ended March 2024. For the full year,net profit reported to Rs 0.06 crore in the year ended March 2025 as against net loss of Rs 1.26 crore during the previous year ended March 2024. Sales rose 119.09% to Rs 38.80 crore in the year ended March 2025 as against Rs 17.71 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2.523.93 -36 38.8017.71 119 OPM % -39.297.89 - 1.47-0.40 - PBDT -0.620.38 PL 1.581.01 56 PBT -0.980.11 PL 0.05-0.90 LP NP -0.71-0.15 -373 0.06-1.26 LP
