Suraj Limited , a manufacturer and exporter of stainless steel, alloy steel, and carbon steel seamless pipes, tubes, fittings, and flanges, has announced its financial results for the second quarter and half-year ended September 30, 2025. The company's performance shows a decline in both revenue and profit compared to the same period last year.

Q2 FY2025 Financial Highlights

Suraj Limited reported a standalone revenue from operations of Rs. 5,018.87 lakhs in Q2 FY2025, marking a decrease of 11.40% from Rs. 5,664.42 lakhs in the corresponding quarter of the previous year. The company's net profit after tax saw a significant decline of 87.90%, standing at Rs. 54.92 lakhs compared to Rs. 453.63 lakhs in Q2 FY2024.

Half-Year Performance

For the half-year ended September 30, 2025, Suraj Limited's financial performance also showed a downward trend:

The company's revenue for the first half of FY2025 decreased by 9.70% to Rs. 10,053.20 lakhs from Rs. 11,138.56 lakhs in the same period last year. Net profit for H1 FY2025 stood at Rs. 209.77 lakhs, a substantial decrease of 76.00% from Rs. 874.39 lakhs in H1 FY2024.

Consolidated Results

On a consolidated basis, Suraj Limited reported a Q2 FY2025 net profit of Rs. 83.09 lakhs, down from Rs. 646.86 lakhs in the previous year, representing a decline of 87.20%.

Management Review

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on November 10, 2025. The company operates in a single reportable segment of manufacturing stainless and various steel products.

Market Outlook

As the steel industry faces various global and domestic challenges, including fluctuating raw material costs and market demand, Suraj Limited's performance reflects the broader trends affecting the sector. The company's ability to adapt to these market conditions may be crucial for its future performance.

Suraj Estate Developers Limited has announced the launch of Suraj Park View 1, a prestigious residential project in the heart of Mumbai's Dadar (West) neighborhood. The 29-storey tower, situated in the iconic Shivaji Park area, represents a significant addition to the company's portfolio with an estimated gross development value of ₹250.00 crore.

Project Details

The new development boasts approximately 0.53 lakh square feet of saleable carpet area, offering a range of living spaces to cater to diverse homebuyer needs. Suraj Park View 1 features:

• 1, 2, and 3BHK units
• Apartment sizes ranging from 469 to 872 square feet
• Panoramic views of the Arabian Sea and Shivaji Park

Strategic Location and Amenities

Strategically positioned just 100 metres from Dadar Metro Station, the project aims to provide excellent connectivity for its residents. The development is set to include a host of modern amenities, such as:

• Jogging tracks
• Fully-equipped gym
• Yoga deck
• Children's play zones

Management Perspective

Rahul Thomas, Whole-Time Director of Suraj Estate Developers, emphasized the project's significance, stating that it "reflects Dadar's cultural essence while meeting modern homebuyer aspirations." This statement underscores the company's commitment to blending traditional neighborhood values with contemporary living standards.

Market Response

On the day of the announcement, Suraj Estate Developers' shares closed at ₹296.80 on the stock market, registering a slight decrease of 0.55%. This minor fluctuation suggests that the market's initial reaction to the project launch was relatively neutral.

The launch of Suraj Park View 1 marks a significant step for Suraj Estate Developers in expanding its presence in Mumbai's competitive real estate market. With its prime location, modern amenities, and variety of unit options, the project is positioned to attract potential homebuyers looking for upscale urban living in one of Mumbai's most sought-after neighborhoods.