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SBGLP - Suratwwala Busi.

📊 NSE: SBGLP 🏢 Construction 📅 Last Updated: 12/14/2025 13:57

📢 Recent Corporate Announcements

SBGLP Q3 Net Profit Surges to ₹8.04 Cr; Revenue Jumps Over 20x YoY

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 02 Mar 2026, 11:54 AM

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.

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.

💡 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

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 12 Feb 2026, 09:49 PM

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.

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.

💡 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 Rectifies XBRL Filing Error for Q2 FY26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 05 Feb 2026, 01:25 PM

Suratwwala Business Group Limited (SBGLP) has responded to a clarification request from the National Stock Exchange regarding its financial results for the quarter ended September 30, 2025. The company acknowledged an inadvertent error in its initial XBRL filing where half-yearly figures were reported instead of quarterly figures. A revised XBRL filing has been submitted to correct these discrepancies and ensure regulatory compliance. This update is administrative in nature and does not impact the company's actual financial performance or operations.

NSE flagged discrepancies in the XBRL filing for the quarter ended September 30, 2025, on January 13, 2026.
Company admitted to reporting half-yearly figures instead of quarterly figures in the initial submission.
A revised XBRL filing was submitted on January 16, 2026, to provide the correct quarterly data.
The correction was made to comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations.

💡 This is a routine regulatory correction with no impact on business fundamentals. Investors should refer to the revised filing for accurate Q2 performance metrics.

Suratwwala Business Group Bags Pune Redevelopment Project with ₹100-110 Cr Revenue Potential

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 27 Jan 2026, 01:31 PM

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.

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.

💡 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.

Suratwwala Business Group Reports Zero Demat Requests for Q3 FY2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jan 2026, 11:43 AM

Suratwwala Business Group Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirmed that no securities were received for dematerialization during this period. This is a standard quarterly regulatory filing required for all listed companies to maintain transparency in shareholding records. The filing ensures the company remains compliant with stock exchange listing norms.

Quarterly compliance certificate submitted for the period ending December 31, 2025.
Registrar and Share Transfer Agent MUFG Intime India confirmed zero dematerialization requests.
The filing adheres to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Submission made to both BSE and NSE on January 8, 2026.

💡 No action is required from investors as this is a routine regulatory compliance filing with no impact on company fundamentals. Investors should monitor upcoming quarterly financial results for material performance updates.

Suratwwala Business Group to Close Trading Window from Jan 1, 2026 for Q3 FY26 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Dec 2025, 04:49 PM

Suratwwala Business Group Limited (SBGLP) has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI insider trading regulations. This closure is standard procedure ahead of the finalization and approval of the unaudited financial results for the 3rd quarter and nine months ending December 31, 2025. The window will remain closed until 48 hours after the results are officially declared to the stock exchanges. The specific date for the board meeting to declare these results will be announced at a later time.

Trading window closure begins on Thursday, January 1, 2026.
Closure pertains to the Q3 and nine-month period ending December 31, 2025.
Window to reopen 48 hours after the dissemination of financial results to BSE and NSE.
Applies to all designated persons as per the Company's Code of Conduct for Insider Trading.

💡 No action is required as this is a routine regulatory filing. Investors should look out for the upcoming announcement regarding the specific date of the Q3 earnings release.

Suratwwala Business Group Clarifies Recent Stock Price Spurt as Market-Driven

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 15 Dec 2025, 04:36 PM

Suratwwala Business Group Limited (SBGLP) has responded to a clarification request from the National Stock Exchange regarding a recent spurt in its share price. The company stated that all material information impacting operations or performance has been timely disclosed under SEBI Regulation 30. Management emphasized that the price movement is purely market-driven and they have no control over it. As of December 15, 2025, the company maintains that no undisclosed price-sensitive information exists that could influence the stock's valuation.

Responded to NSE inquiry dated December 12, 2025, regarding stock price volatility
Confirmed that all material facts are already disclosed and available on NSE and BSE websites
Attributed recent price fluctuations to market conditions rather than internal company developments
Reaffirmed commitment to future disclosures as per SEBI (LODR) Regulations, 2015

💡 Since the company denies any undisclosed material developments, investors should be cautious of potential speculative activity. It is advisable to monitor the stock's fundamentals and technical levels before making new investment decisions.

View All SBGLP Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Standalone revenue for H1 FY26 (period ending September 30, 2025) reached INR 33.15 Cr, representing a growth of approximately 200% compared to INR 11.04 Cr in H1 FY25. Consolidated revenue for the same period was INR 10.38 Cr, primarily driven by the real estate segment which remains the dominant contributor.

Geographic Revenue Split

100% of revenue is generated from the Pune region, Maharashtra, where the company maintains a concentrated land bank of 200 acres and focuses on residential and commercial developments.

Profitability Margins

Standalone Net Profit Margin for H1 FY26 was 36.6% (INR 12.13 Cr profit on INR 33.15 Cr revenue). For the quarter ended September 30, 2025, standalone net profit was INR 6.81 Cr compared to INR 4.31 Cr in the previous year's corresponding quarter, a 58% increase.

EBITDA Margin

Standalone operating profit for Q2 FY26 was INR 9.17 Cr, reflecting strong core profitability from project deliveries. The company has maintained a 5-year profit CAGR of 79.2%.

Capital Expenditure

The company increased its non-current assets by 259.91% to INR 46.75 Cr as of March 31, 2025, up from INR 12.99 Cr, indicating significant investment in project land and solar infrastructure.

Credit Rating & Borrowing

Long-term borrowings surged by 937.99% to INR 52.18 Cr as of March 31, 2025, compared to INR 5.03 Cr in FY24. Despite the debt increase, interest costs for FY25 decreased by 88.54% to INR 0.13 Cr from INR 1.13 Cr due to strategic debt management and capitalization.

⚙️ Operational Drivers

Raw Materials

Key raw materials include steel, cement, bricks, and solar panels. While specific percentage splits are not disclosed, these constitute the bulk of project costs for residential and commercial developments.

Import Sources

Sourced primarily from local vendors within Maharashtra and India to support projects in the Pune region.

Key Suppliers

Not specifically named, but the company utilizes a network of vendors and enters into long-term or project-based contracts to mitigate price volatility.

Capacity Expansion

Current land bank stands at 200 acres in the Pune region. The company is expanding its order book, which recently crossed INR 48 Cr since the launch of its latest commercial project.

Raw Material Costs

Raw material costs are managed through a strong procurement team and long-term contracts to hedge against price rises in steel and cement, which can otherwise reduce sales by increasing per-square-foot costs.

Manufacturing Efficiency

Efficiency is driven by an integrated approach covering the entire value chain from land identification and design to marketing and post-sales engagement.

Logistics & Distribution

Not disclosed as a specific percentage; logistics are primarily localized within the Pune regional market.

📈 Strategic Growth

Expected Growth Rate

79.20%

Growth Strategy

Growth will be achieved by leveraging the 200-acre land bank for mid-income and mass housing projects, expanding the commercial real estate portfolio (current order book INR 48 Cr), and scaling the newly established solar power division. The company also focuses on redevelopment projects in the Pune region.

Products & Services

Residential apartments, commercial office spaces, showrooms, IT Park spaces, and solar power generation solutions.

Brand Portfolio

SBGL (Suratwwala Business Group Limited).

New Products/Services

Expansion into solar power solutions and high-end commercial showrooms; the solar division recently transitioned from an LLP to a Private Limited entity to facilitate growth.

Market Expansion

Continued deep-rooting in the Pune region with a focus on integrated real estate development and renewable energy.

Market Share & Ranking

Positioned as a growing regional developer in the Pune real estate market; specific market share percentage not disclosed.

Strategic Alliances

Conversion of Suratwwala Natural Energy Resource LLP into a Private Limited Company (effective December 19, 2024) to streamline solar business operations.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward luxury housing driven by a growing number of HNIs and UHNIs in India. SBGL is positioning itself by integrating ESG goals and sustainable practices into its development core.

Competitive Landscape

Competes with other regional Pune developers in the residential and commercial sectors; market dynamics are currently favorable due to service sector growth.

Competitive Moat

Moat is built on a 200-acre regional land bank, deep local demographic understanding, and an integrated value chain model. This is sustainable due to the high entry barriers of land acquisition and regulatory approvals in the Pune region.

Macro Economic Sensitivity

Highly sensitive to Indian GDP growth and salary growth in the high-paying services sector, which drives demand for luxury and mid-income housing.

Consumer Behavior

Increasing preference for quality work and 'ambiance for growth' in workplace solutions, which SBGL addresses through state-of-the-art IT park facilities.

Geopolitical Risks

Limited direct impact due to regional focus, though global supply chain disruptions could affect raw material prices like steel.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by RERA (Real Estate Regulatory Authority) and local municipal building norms in Pune. The company also complies with SEBI (LODR) Regulations for financial disclosures.

Environmental Compliance

The company has committed to ESG goals and sustainable practices to reduce environmental impact, though specific compliance costs in INR are not disclosed.

Taxation Policy Impact

Current tax for H1 FY26 was INR 4.05 Cr on a standalone basis, reflecting a standard corporate tax application on profitable real estate exits.

Legal Contingencies

The company states that no fraudulent or illegal transactions were entered into during the year; specific pending court case values are not disclosed in the provided documents.