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Surana Telecom and Power Ltd. Announces Q1-FY 2024-25 Financial Results

Hyderabad, 24th July 2024 - Surana Telecom and Power Ltd., an ISO 9001:2008 certified company and a member of the Surana Group, has announced its financial results for the first quarter of the fiscal year 2024-25. The company disclosed the details through advertisements published in the "Business Standard" (English) and "Nava Telangana" (Telugu) newspapers.

Key Highlights:

  • Total Income: The company reported a total income of ₹20,098 lakh for the quarter, showcasing robust growth compared to previous periods.
  • Net Profit: Surana Telecom and Power Ltd. achieved a net profit of ₹18,888 lakh before tax and exceptional items, indicating strong operational performance.
  • Comprehensive Income: The total comprehensive income for the period stood at ₹43,331 lakh, reflecting a solid financial position.

Detailed Financial Performance:

Standalone Results:

  1. Total Income: ₹20,098 lakh
  2. Net Profit Before Tax and Exceptional Items: ₹18,888 lakh
  3. Net Profit After Tax: ₹15,753 lakh

Consolidated Results:

  1. Total Income: ₹4,770 lakh
  2. Net Profit Before Tax and Exceptional Items: ₹22,454 lakh
  3. Net Profit After Tax: ₹18,190 lakh

Board Approval and Publication:

The financial results were reviewed and approved by the Board of Directors in their meeting held on 23rd July 2024. The results have been uploaded on the company’s official website, www.suranatele.com, and are also available on the stock exchange websites www.bseindia.com and www.nseindia.com.

Management Statement:

Narender Surana, Managing Director of Surana Telecom and Power Ltd., expressed satisfaction with the company's performance, emphasizing the steady growth and strategic initiatives that have contributed to these impressive results. He mentioned, "Our commitment to excellence and innovation continues to drive our success. We are confident in maintaining this growth trajectory in the coming quarters."

About Surana Telecom and Power Ltd.:

Surana Telecom and Power Ltd. operates in the telecom and power sectors, offering a range of products and services. The company is part of the Surana Group, known for its diversified business interests and adherence to high standards of quality and corporate governance.

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