Suraj Estate Developers posts 48% jump in profit, revenue up 33% in FY25
Suraj Estate Developers reported a 48.5 per cent increase in profit after tax to ₹100.2 crore for the fiscal year ended March 2025, compared to ₹67.5 crore in the previous year. Total income grew 33.1 per cent to ₹553.2 crore from ₹415.7 crore in FY24.
The Mumbai-based real estate developer’s profit margin improved to 18.3 per cent from 16.4 per cent the previous year, driven by better price realization and reduced financial costs. The company achieved higher price realization of ₹54,353 per square foot in FY25, up from ₹45,074 per square foot in FY24, due to increased contribution from luxury projects.
Pre-sales rose 4 per cent to ₹501 crore despite no new launches during the year, while collections increased 22 per cent to ₹386 crore. The company raised ₹343 crore during the year for land acquisition, working capital, and additional floor space index payments.
Net debt increased from ₹360 crore in December 2024 to ₹414 crore in March 2025, primarily for upcoming project launches including commercial developments in Mahim and residential projects in Dadar.
Looking ahead to FY26, Suraj Estate plans to launch residential and commercial projects with a gross development value of approximately ₹2,000 crore. The company recently acquired a land parcel at Shivaji Park for ₹4.75 crore to develop a luxury project with an estimated value of ₹80 crore.
Thee shares of Suraj Estate Developers were trading at ₹324.40 down by ₹11.60 or 3.45 per cent on the NSE at 12.50 pm.
More Like This
Published on May 28, 2025
