Suraj Estate Developers Limited reported Q1 revenue of INR 133.00 crores, PAT of INR 21.30 crores, and EBITDA of INR 50.30 crores. Presales were INR 81.00 crores, while collections grew 60% YoY to INR 115.00 crores. The company launched Suraj Aureva in Prabhadevi and plans to launch projects with a cumulative GDV of INR 1,600.00 crores. They secured additional 2 lakh sq ft carpet area for the Marinagar project, potentially adding INR 800.00 crores in GDV. The project pipeline includes 19 upcoming projects with 12.2 lakh sq ft saleable carpet area and 10 ongoing projects with 4.69 lakh sq ft under development.
Suraj Estate Developers Limited announced its Q1 FY24 results, showing a decline in financial performance. The company's consolidated revenue decreased by 2.99% to ₹1.30 billion, compared to ₹1.34 billion in Q1 FY23. EBITDA fell by 21.52% to ₹496 million, and net profit dropped by 29.24% to ₹213 million. The EBITDA margin contracted significantly from 47.16% to 38.15%, a decrease of 901 basis points year-over-year. The results were approved by the Board of Directors after review by the Audit Committee and limited review by statutory auditors M/s SKLR & Co. LLP.
14Jul 25
Suraj Estate Developers Unveils 'Suraj Aureva': A ₹120 Crore Luxury Tower in Mumbai's Prabhadevi
Suraj Estate Developers has announced the launch of 'Suraj Aureva,' a premium residential project in Prabhadevi, Mumbai, with an estimated Gross Development Value of ₹120.00 crore. The 21-storey tower offers 1, 2, and 3 BHK apartments with carpet areas ranging from 450 to 806 sq. ft., starting at ₹2.47 crore. The project features unobstructed views of the Siddhivinayak Temple, smart design elements, and a prime location with excellent connectivity. It aims to address the growing demand for premium compact homes in the area.
Suraj Estate Developers announced a 48.5% increase in profit after tax to ₹100.20 crore, with total income rising 33.1% to ₹553.20 crore. The company's profit margin improved to 18.3%. Looking ahead, Suraj Estate Developers plans to launch projects worth ₹2,000 crore in the next fiscal year, signaling confidence in the real estate market and its growth prospects.
Suraj Estate Developers' Q4 results show a 36% year-over-year revenue increase to ₹1,360.00 million, but profitability metrics declined. EBITDA fell to ₹301.00 million from ₹535.00 million, with EBITDA margin dropping to 22.05% from 53.29%. Net profit slightly decreased to ₹182.90 million from ₹193.00 million year-over-year. The contrasting trends of revenue growth and profitability decline present a complex picture for the company in the competitive real estate market.