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
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