Total Income reached Rs 553.2 crore, up from Rs 415.7 crore, Profit After Tax (PAT) increased significantly by 48.5% y-o-y, from Rs 67.5 crore in FY24 to Rs 100.2 crore
MUMBAI, May 28 (The CONNECT)- On the back of rising sales of its units, Suraj Estate Developers Ltd., has reported that its income has jumped by 33.1% y-o-y.
Total Income reached Rs 553.2 crore, up from Rs 415.7 crore, Profit After Tax (PAT) increased significantly by 48.5% y-o-y, from Rs 67.5 crore in FY24 to Rs 100.2 crore in FY25.
PAT Margin improved from 16.4% to 18.3%, reflecting a more efficient cost structure and value-accretive sales.
Rahul Thomas, Whole-Time Director at Suraj Estate Developers, said, FY25 was a remarkable year for the realtor.
The developer’s net debt rose from Rs 360 crores in December 2024 to Rs 414 crores in March 2025, driven by fund requirements for the launch of upcoming projects, including commercial project at Mahim, ParkView-1, Kowliwadi & Kripasiddhi project, project at Marinagar and land acquisition at Shivaji Park.
On the operational front, Suraj Estate Developers said its pre-sales rose by 4% y-o-y, reaching Rs 501 crore in FY25, compared to Rs 483 crore in FY24 — a notable achievement despite no new launches during the year.
Collections increased from Rs 316 crore in FY24 to Rs 386 crore in FY25, a rise of 22% y-o-y.
Price Realization improved to Rs 54,353 per sq. ft in FY25, up from Rs 45,074 per sq. ft. in FY24 owing to a higher contribution from luxury projects in the overall sales mix.
Looking ahead to FY26, the company plans to launch residential and commercial projects with a Gross Development Value (GDV) of approximately Rs 2,000 crore, which is expected to significantly boost growth prospects.
“While the strategic reconfiguration and consolidation of selected land parcels led to some delays in project launches, these steps have significantly enhanced the efficiency and long-term value of our project layouts,” Thomas said.
The company has recently acquired a ~390 square meter land parcel at Shivaji Park for Rs 4.75 crores where it plans to develop a luxury project, offering scenic sea views alongside excellent metro connectivity, with an estimated GDV od Rs 80 crores
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