Surana Solar Q4 FY24 results : loss at ₹0.15Cr, Revenue decreased by 49.59% YoY
Surana Solar Q4 FY24 results : Revenue decreased by 49.59% YoY & loss at ₹0.15Cr
Surana Solar announced their Q4 FY24 results on 18 Apr, 2024, revealing a significant decline in revenue by 49.59% compared to the same period last year.
The company incurred a loss of ₹0.15Cr in Q4 FY24, in stark contrast to the profit of ₹0.25Cr reported in the previous fiscal year for the same period.
Quarter-on-quarter, the revenue dropped by 10.59%, indicating a challenging business environment for Surana Solar.
The Selling, general & administrative expenses saw a notable increase of 39.45% compared to the previous quarter, and a 19.42% rise year-on-year.
Operating income also faced challenges, declining by 37.6% sequentially, while showing a significant increase of 112.69% year-on-year.
The earnings per share (EPS) for Q4 FY24 stood at ₹-0.03, reflecting a substantial decrease of 157.22% year-on-year.
Despite the financial setbacks, Surana Solar managed to deliver positive returns to investors, with 3.67% return in the last week, 88.39% return in the last 6 months, and 31.53% return year-to-date.
As of now, Surana Solar holds a market capitalization of ₹215.52 Cr, with a 52-week high/low of ₹46.9 & ₹18.2 respectively.
Surana Solar Financials
| Period | Q4 FY24 | Q3 FY24 | Q-o-Q Growth | Q4 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 3.93 | 4.4 | -10.59% | 7.8 | -49.59% |
| Selling/ General/ Admin Expenses Total | 0.3 | 0.22 | +39.45% | 0.25 | +19.42% |
| Depreciation/ Amortization | 0.27 | 0.44 | -39.12% | 0.75 | -64.17% |
| Total Operating Expense | 3.9 | 4.35 | -10.28% | 8.05 | -51.55% |
| Operating Income | 0.03 | 0.05 | -37.6% | -0.25 | +112.69% |
| Net Income Before Taxes | 0.1 | 0.33 | -68.94% | 0.28 | -62.97% |
| Net Income | -0.15 | 0.11 | -245.11% | 0.25 | -161.25% |
| Diluted Normalized EPS | -0.03 | 0.02 | -250% | 0.05 | -157.22% |
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