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SBGLP Subsidiary Bags ₹69 Cr Solar EPC Order, ~41% of TTM Revenue
Suratwwala Business Group Limited's subsidiary, Suratwwala Natural Energy Resource Private Limited, has received a Letter of Intent for a 20 MW (AC) / 28.1 MW (DC) solar EPC project from M/s. Shree Tatyasaheb Kore Warana SSK Ltd. The contract is valued at ₹69 Crores (excluding GST), which represents approximately 40.8% of the company's TTM revenue of ₹169 Crores. The project is located in Kolhapur and Sangli districts, Maharashtra, and has an execution timeline of 4 months. Additionally, the contract includes comprehensive Operation & Maintenance (O&M) valued at ₹50 Lakhs per year with a guaranteed generation of 42.0048 MUs annually.
high confidence
What changedSBGLP's subsidiary bagged a ₹69 Crore solar EPC Letter of Intent from Shree Tatyasaheb Kore Warana SSK Ltd.
Why it mattersThe order is sizeable at over 40% of TTM revenue, marking significant scaling for the company's newly incorporated solar power division beyond its core Pune real estate business.
👀 What to Watch
Monitor execution milestones over the tight 4-month timeline and observe revenue recognition in subsequent quarterly earnings to verify operational ramp-up in the solar EPC division.
₹0.12 Final Dividend: SBGLP Sets Sept 11 Record Date; Reports 75% YoY Q1 PAT Growth
Suratwwala Business Group (SBGLP) has recommended a final dividend of ₹0.12 per share (12% of face value) for FY26, with the record date fixed for September 11, 2026. The company also reported strong Q1 FY27 results, with consolidated revenue rising 38.7% YoY to ₹22.12 Cr and net profit jumping 75.3% YoY to ₹9.34 Cr. The solar division showed significant activity, contributing ₹23.25 Cr to segment revenue before inter-segment eliminations. At the current price of ₹25.5, the dividend yield is approximately 0.47%.
high confidence
What changedThe company has declared the record date for its FY26 final dividend and reported a significant year-on-year increase in quarterly profitability.
Why it mattersThe 75% growth in net profit indicates strong operational momentum, particularly as the company scales its solar power division alongside its core real estate business.
Final Dividend: ₹0.12 per shareQ1 FY27 Net Profit: ₹9.34 CrQ1 Revenue Growth (YoY): 38.7%Dividend Yield: 0.47%Solar Segment Revenue (Gross): ₹23.25 Cr
📅 Short termThe stock may see positive interest due to the strong Q1 earnings growth and the upcoming dividend record date in September.
📈 Long termThe company's strategy to leverage its 200-acre land bank and expand its solar division provides a structural growth outlook, though regional concentration in Pune remains a factor.
⚠ Risk flags
Regional concentration in the Pune real estate market
Cyclical nature of construction and real estate demand
👀 What to Watch
Investors should track the 19th AGM on September 23, 2026, for formal dividend approval and monitor the execution of the 200-acre land bank projects in Pune.
SBGLP Reports FY26 Revenue of ₹143 Cr and PAT of ₹38 Cr; 180-Acre Land Bank and ₹100 Cr Solar Pipeline
Suratwwala Business Group (SBGLP) reported a strong FY26 with total revenue of ₹143 crore and PAT of ₹38 crore, driven by its dual real estate and renewable energy model. The real estate segment contributed ₹89 crore with high PBT margins of 46%, while the renewable energy arm added ₹54 crore with a ₹100 crore executable order pipeline. The company maintains a strategic 180-acre land bank in Pune and has 6 lakh sq. ft. of projects currently under execution. With a debt-to-equity ratio below 0.8x and 80% of existing inventory already sold, the company demonstrates robust financial health and execution capability.
Key Highlights
FY26 total revenue stood at ₹143 crore with a PAT of ₹38 crore and a net worth of ₹110 crore.Real Estate segment achieved ₹89 crore revenue with 46% PBT margins and has 6 lakh sq. ft. under execution.Renewable energy vertical (SNER) generated ₹54 crore in revenue with a ₹100 crore executable order pipeline.Strategic 180-acre land bank in Pune growth corridors provides long-term development visibility.Healthy balance sheet with total debt of ₹80 crore and a debt-to-equity ratio maintained below 0.8x.
👀 What to Watch
Investors should monitor the timely execution of the 6 lakh sq. ft. real estate projects and the conversion of the ₹100 crore solar pipeline into revenue. The high margins in the real estate segment and recurring income from PPA assets provide a solid foundation for long-term growth.
SBGLP FY26 Revenue Surges 301% to ₹143 Cr; Solar Vertical Contributes 38%
Suratwwala Business Group Limited (SBGLP) reported a transformational FY26 with consolidated revenue growing 301.3% YoY to ₹142.99 crore. Profit Before Tax (PBT) rose 237.5% to ₹51.61 crore, driven by the successful scaling of its Solar EPC vertical, which now accounts for 38% of total revenue. The company's net worth strengthened by 57.5% to ₹110.41 crore, and it enters FY27 with a solar project pipeline of approximately ₹100 crore. Real estate operations remain focused on high-value projects in Pune, including luxury residential and commercial developments.
Key Highlights
Consolidated revenue jumped 301.3% YoY to ₹142.99 Cr in FY26 from ₹35.63 Cr in FY25.Profit Before Tax (PBT) increased by 237.5% YoY to ₹51.61 Cr, reflecting strong operating leverage.The Solar EPC vertical (SNER) contributed ₹54.49 Cr to revenue, establishing itself as a major growth engine.Net Worth expanded by 57.5% to ₹110.41 Cr, supported by earnings-led balance sheet strengthening.FY27 visibility is supported by a ₹100 Cr pipeline in Solar EPC and ongoing monetization of real estate inventory.
👀 What to Watch
Investors should focus on the company's ability to maintain margins as the Solar EPC segment scales and monitor the timely launch of the Kasar Amboli villa project. The diversification away from pure real estate into renewable energy EPC provides a more balanced risk profile.
Suratwwala Business Group FY26 Net Profit Jumps 184% to ₹30.49 Cr; Internal Auditors Re-appointed
Suratwwala Business Group (SBGLP) delivered a stellar financial performance for the fiscal year ended March 31, 2026. Annual revenue surged by 165% to ₹90.57 crore, while net profit grew by a massive 184% to reach ₹30.49 crore. The company maintained strong margins and received an unmodified audit opinion. Additionally, the board approved the re-appointment of M/s Joshi and Sahney as internal auditors for FY 2026-27.
Key Highlights
Annual total revenue increased 165% YoY to ₹90.57 crore in FY26 from ₹34.15 crore in FY25Net profit for the full year FY26 surged 184% to ₹30.49 crore compared to ₹10.73 crore in the previous yearQ4 FY26 standalone net profit rose 65% YoY to ₹10.31 croreStatutory auditors issued an unmodified opinion on the standalone and consolidated financial resultsM/s Joshi and Sahney re-appointed as Internal Auditors for the 2026-2027 financial year
👀 What to Watch
The significant growth in both revenue and profitability indicates strong execution in the company's business segments. Investors should remain positive but monitor the company's ability to sustain these high growth rates in the upcoming quarters.
Suratwwala Business Group Subsidiary Bags Rs 19 Cr Solar EPC Order from Bondada Engineering
Suratwwala Business Group's subsidiary, Suratwwala Natural Energy Resource Private Limited, has secured a domestic EPC contract worth approximately Rs 19 crores from Bondada Engineering Limited. The project involves the design, engineering, and commissioning of a 15 MW AC solar PV power plant in Maharashtra under the MSKVY 2.0 scheme. This new order brings the subsidiary's cumulative capacity to 45 MW AC. The contract is slated for completion within a 12-month timeframe, providing revenue visibility for the next financial year.
Key Highlights
Order value of approximately Rs 19 Crores (exclusive of GST) for a 15 MW AC solar projectCumulative capacity reached 45 MW AC following this contract awardProject execution period is 12 months from the date of contract execution (April 8, 2026)Scope includes EPC services for grid-interactive distributed agriculture feeder solarization in MaharashtraContract awarded by domestic entity M/s. Bondada Engineering Limited under the MSKVY 2.0 scheme
👀 What to Watch
Investors should view this as a positive diversification into the renewable energy sector, which provides a steady revenue stream. Monitor the company's execution efficiency and margin profile in this new business segment over the next four quarters.
SBGLP Q3 Net Profit Surges to ₹8.04 Cr; Revenue Jumps Over 20x YoY
Suratwwala Business Group (SBGLP) reported a stellar performance for Q3 FY26, with revenue from operations hitting ₹20.79 crore, a massive jump from ₹0.94 crore in Q3 FY25. Net profit for the quarter rose to ₹8.04 crore against ₹0.18 crore in the previous year, driven by strong execution in its real estate business. For the nine-month period ending December 2025, the company's net profit of ₹20.17 crore has already significantly exceeded the total profit of the previous full financial year (₹10.73 crore). Additionally, the company has relocated its registered office to a larger facility in Pune to support its expanding operations.
Key Highlights
Q3 FY26 Revenue from operations grew by 2,110% YoY to ₹2,079.03 lakhs from ₹94.04 lakhs.Net Profit for the quarter stood at ₹804.17 lakhs, a massive increase from ₹18.51 lakhs in the same quarter last year.Nine-month (9M FY26) Net Profit reached ₹2,017.43 lakhs, nearly doubling the full FY25 profit of ₹1,073.49 lakhs.Earnings Per Share (EPS) for the quarter improved to ₹0.46 from ₹0.01 YoY.The board approved shifting the registered office to a new location in Pune City effective February 12, 2026.
👀 What to Watch
The company is showing exceptional growth momentum and margin expansion in its real estate segment. Investors should maintain a positive outlook but monitor the progress of the Prabhat Road redevelopment project for continued revenue visibility.
Suratwwala Business Group Q3 FY26 Results Approved; Subsidiaries Report ₹317 Lacs Quarterly Profit
Suratwwala Business Group Limited (SBGLP) has approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The consolidated performance was supported by its subsidiaries, which contributed a revenue of ₹2,127.96 lacs and a net profit of ₹317.22 lacs for the third quarter. Additionally, the board approved the relocation of the company's registered office within Pune to a new facility in Pune City. The statutory auditors have issued a limited review report with an unmodified conclusion for the period.
Key Highlights
Approved Q3 FY26 consolidated financial results with subsidiaries contributing ₹2,127.96 lacs in revenue.Subsidiaries reported a net profit of ₹317.22 lacs for Q3 and ₹479.43 lacs for the nine-month period.Total assets of the two reviewed subsidiaries stood at ₹6,465.64 lacs as of December 31, 2025.Registered office shifted from Erandawane to a new location in Pune City (Tower A, Office No. 1602-1604).Statutory auditors issued an unmodified limited review report for both standalone and consolidated results.
👀 What to Watch
Investors should examine the full financial statements on the company's website to evaluate year-on-year growth metrics and margin sustainability. The office relocation is a routine administrative matter and is not expected to impact business operations.
Suratwwala Business Group Bags Pune Redevelopment Project with ₹100-110 Cr Revenue Potential
Suratwwala Business Group Limited has secured a redevelopment project for a housing society on Prabhat Road, Pune, covering a land area of ~11,250 sq. ft. The company has executed a Sale Deed for a 25% share of the plot for ₹9.60 crores and a Development Agreement (DAPA) involving a ₹3 crore payment plus 3 flats to landowners. The project is expected to generate a total revenue of approximately ₹100-110 crores based on management estimates. With a free saleable area of roughly 55,000 sq. ft, this project significantly strengthens the company's real estate portfolio in a prime Pune locality.
Key Highlights
Execution of Sale Deed and DAPA for a redevelopment project on Prabhat Road, Pune, covering ~11,250 sq. ft of land.Management estimates a total revenue potential of ₹100-110 crores from the project subject to market conditions.The project offers a free saleable area of approximately 55,000 sq. ft excluding landowner entitlements.Acquisition costs include ₹9.60 crores for a 25% land share and ₹3 crores plus 3 flats for development rights.The transaction is a domestic order and does not involve any related party transactions or promoter interest.
👀 What to Watch
Investors should monitor the company's ability to obtain timely regulatory approvals and the pace of construction, as this project represents a significant revenue pipeline for a company of this scale. The prime location in Pune suggests healthy demand and margin potential.
⚠️How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI
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