Press Release2 Aug 2024, 02:33 pm
Suraj Estate Developers Ltd Reports 31% Growth in Total Income and 107% Growth in Profit After Tax for Q1FY25
AI Summary
Suraj Estate Developers Ltd, a leading real estate player in South Central Mumbai, has announced its unaudited financial results for the quarter ended June’24. The company reported a 31% year-over-year increase in total income and a 107% increase in Profit After Tax (PAT). The total income grew to Rs 134.6 Crores, EBITDA grew to Rs 64.2 Crores, and PAT stood at Rs 30.1 Crores. The company's net debt decreased to Rs 352 Crores from Rs 572 Crores as on June 2023. Pre-sales saw a growth of 5.2% y-o-y to Rs 140 Crores, driven by increased realizations and luxury project sales.
Key Highlights
- Total income grew 30.9% y-o-y to Rs 134.6 Crores
- EBITDA grew 36.3% y-o-y to Rs 64.2 Crores
- PAT grew 107% y-o-y to Rs 30.1 Crores
- Net debt decreased to Rs 352 Crores from Rs 572 Crores as on June 2023
- Pre-sales grew 5.2% y-o-y to Rs 140 Crores