Suraj Estate Developers Sees 107% PAT Growth in Q1FY25, Records Rs 135 Cr Income
Suraj Estate Developers has reported a 31% increase in total income YOY to Rs 135 crore, with a 107% increase in profit after tax (PAT) at Rs 30.1 crore.
Suraj Estate DevelopersReal EstateQ1fy25Financial ResultsPat GrowthReal EstateAug 02, 2024
The company's EBITDA for the quarter grew by 36.3% YOY and 14.4% quarter-on-quarter (QOQ) to Rs 64.2 crore, driven by operating leverage benefits and a better sales mix. The EBITDA margin also expanded YOY, contributing to the growth in PAT.
Suraj Estate Developers' pre-sales for Q1FY25 witnessed a 5.2% YOY growth to Rs 140 crore, driven by a 13% YOY increase in realisations. The company's luxury projects contributed significantly to the growth, with 63.6% of revenue coming from sales of luxury units and 36.4% from value-luxury units. =
During the quarter, the company's wholly-owned subsidiary, Iconic Property Developers, received building plan approval and commencement certificate for a proposed commercial project in Mahim (west), with a saleable area of 1.06 lakh sqft and an estimated gross development value (GDV) of around Rs 475 crore.
Frequently Asked Questions
What is Suraj Estate Developers' total income for Q1FY25?
Rs 135 crore
What is the percentage growth in Suraj Estate Developers' PAT for Q1FY25?
107% YOY
What is the EBITDA margin for Suraj Estate Developers in Q1FY25?
Expanded YOY due to operating leverage benefits and a better sales mix
What is the total project pipeline of Suraj Estate Developers?
9.01 lakh sqft
Who is the Whole-time Director of Suraj Estate Developers?
Rahul Thomas
Related News Articles
Maharashtra's Development Projects Get a Boost: DCM Ajit Pawar Stresses on Speedy Completion
Deputy Chief Minister Ajit Pawar emphasizes the need for swift completion of development projects across Maharashtra, including Pune Metro 3 and Pune Ring Road.
Luxury Unleashed: Anant Ambani and Radhika Merchant's Dream Dubai Villa
The Ambani family's lavish gift to the young couple is a stunning beachfront villa on Dubai's Palm Jumeirah, estimated to cost around Rs 640 crores.
MahaRERA: The Importance of Due Diligence in Real Estate Projects
Maharashtra Real Estate Regulatory Authority (MahaRERA) emphasizes the need for builders to conduct thorough due diligence before declaring possession dates, taking into account market conditions.
Top Real Estate Developers in India: Sales Surge and Debt Reduction Drive Growth
The Indian real estate market has seen a significant surge in sales and a reduction in debt for leading developers. This growth has been driven by increased buyer confidence and strategic financial management.
Maharashtra Assembly Elections 2024: North Nagpur Senior Citizens Endorse Khobragade
Retired officials from North Nagpur have come forward to endorse Vijay Khobragade, lauding his sincerity, loyalty to Dr. Babasaheb Ambedkar's principles, and his ability to get work done efficiently.
DLF to offload Kolkata Tech Park 1 for Rs 637 crore to RDB Primarc
DLF, the country's leading real estate developer, is set to sell its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP for Rs 637 crore. This strategic move is expected to bolster DLF's financial position and allow the company to foc