Suraj Estate Developers Reports 5.24% Net Profit Decline in Q4 FY25 Despite Strong Income Growth
Suraj Estate Developers experienced a 5.24% dip in net profit for the quarter ended March 31, 2025, despite a robust 33.13% increase in total income.
Suraj Estate DevelopersNet ProfitReal EstateMumbaiFinancial ResultsReal Estate MumbaiMay 28, 2025
The company's net consolidated total income stood at ₹137.16 crore in Q4 FY25, marking a 33.13% growth from ₹103.03 crore recorded in the same quarter last year.
As of March 31, 2025, the net worth of Suraj Estate Developers was ₹902.70 crore. The net debt increased from ₹360 crore in December 2024 to ₹414 crore in March 2025.
Rahul Thomas, whole-time director of the company, commented, 'FY25 was a remarkable year for us. While the strategic reconfiguration and consolidation of selected land parcels led to some delays in project launches, these steps have significantly enhanced the efficiency and long-term value of our project layouts. We are optimistic that the deferred commercial project, along with a few residential projects delayed due to regulatory approvals, will be launched in H1FY26.'
During the year, the company raised ₹343 crore, which was fully utilized for acquiring commercial land, working capital, and paying for additional FSI. They recently acquired a 390 square meter land parcel at Shivaji Park for ₹4.75 crore, with plans to develop a luxury project with an estimated gross development value (GDV) of ₹80 crore.
Total income grew by 33.1% year-on-year, reaching ₹553.2 crore in FY25, up from ₹415.7 crore in FY24. Profit After Tax (PAT) increased by 48.5% year-on-year, from ₹67.5 crore in FY24 to ₹100.2 crore in FY25.
Pre-sales rose by 4% year-on-year, reaching ₹501 crore in FY25, compared to ₹483 crore in FY24. Collections increased from ₹316 crore in FY24 to ₹386 crore in FY25, a rise of 22% year-on-year. Price realization improved to ₹54,353 per sq ft in FY25, up from ₹45,074 per sq ft in FY24.
The company plans to launch residential and commercial projects with a gross development value (GDV) of approximately ₹2,000 crore in FY26.
Frequently Asked Questions
What was the net profit of Suraj Estate Developers in Q4 FY25?
The net profit of Suraj Estate Developers in Q4 FY25 was ₹18.28 crore.
How much did the net consolidated total income grow in Q4 FY25 compared to the previous year?
The net consolidated total income grew by 33.13% in Q4 FY25, from ₹103.03 crore to ₹137.16 crore.
What was the net worth of Suraj Estate Developers as of March 31, 2025?
The net worth of Suraj Estate Developers as of March 31, 2025, was ₹902.70 crore.
What significant land acquisition did Suraj Estate Developers make in FY25?
Suraj Estate Developers acquired a 390 square meter land parcel at Shivaji Park for ₹4.75 crore, planning to develop a luxury project with an estimated GDV of ₹80 crore.
What are the company's plans for FY26?
Suraj Estate Developers plans to launch residential and commercial projects with a gross development value (GDV) of approximately ₹2,000 crore in FY26.
Related News Articles
Maharashtra's Real Estate Market Sees Upsurge in Property Registrations
Maharashtra's real estate market experiences a boost in property registrations and revenue despite unchanged RR rates, indicating a shift towards high-value transactions.
Top Stock Picks for Short-Term Gains: Bajaj Finserv, HDFC Life, HDFC Bank, and LIC Housing Finance
Market tech analysts Soni Patnaik, Mitessh Thakkar, and F&O analyst Rajesh Palviya recommend these stocks for short-term gains.
3 Financial Stocks Show Promise, Real Estate Overhyped: Samir Arora
Samir Arora, Founder of Helios Capital, highlights the potential of some NBFCs and microfinance companies, while expressing concerns about the real estate sector being overdone. He believes that HDFC Bank, Kotak Bank, and Bajaj Finance, which have underpe
NBT Office Relocation and Pune Book Festival Expected to Draw 7.5 Lakh Visitors
The National Book Trust (NBT) is set to shift its office to the city, a move that coincides with the highly anticipated Pune Book Festival. The festival, expected to attract 7.5 lakh visitors, is a significant cultural event that showcases a wide array of
Metro Brands Promoters Acquire Five Luxury Apartments in Mumbai's Worli for ₹405 Crore
The promoters of footwear retailer Metro Brands have made a significant investment in Mumbai's luxury real estate market by purchasing five apartments in the Worli area for ₹405 crore. These apartments are located in one of the city's tallest buildings, P
Maharashtra Real Estate: Majority of Developers Update Project Details for MahaRERA Compliance
A significant number of real estate developers in Maharashtra have taken steps to improve their compliance with the Maharashtra Real Estate Regulatory Authority (MahaRERA) by updating their project details. This move reflects a growing commitment to trans