Suraj Estate Developers Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Suraj Estate Developers Ltd reported a 56.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 61.9%.
- Its expenses for the quarter were up by 121.2% QoQ and 73.5% YoY.
- The net profit decreased 37.2% QoQ and increased 20.6% YoY.
- The earnings per share (EPS) of Suraj Estate Developers Ltd stood at 4.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 171.82 | 109.64 | 106.15 | 56.7% | 61.9% |
Total Expenses | 145.81 | 65.92 | 84.06 | 121.2% | 73.5% |
Profit Before Tax | 26.02 | 43.72 | 22.09 | -40.5% | 17.8% |
Tax | 6.03 | 11.88 | 5.52 | -49.2% | 9.2% |
Profit After Tax | 19.98 | 31.83 | 16.57 | -37.2% | 20.6% |
Earnings Per Share | 4.20 | 7.40 | 5.00 | -43.2% | -16.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Suraj Estate Developers Ltd is a company engaged in the real estate development industry. Its primary business involves the development and sale of residential and commercial properties. The company is known for its focus on high-quality construction and timely delivery of projects. The real estate sector is highly competitive and subject to economic fluctuations, regulatory changes, and market demand. As of the latest available data, no additional recent major developments about Suraj Estate Developers Ltd are provided.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Suraj Estate Developers Ltd reported a total income of ₹171.82 crores. This represents a significant quarter-over-quarter (QoQ) increase of 56.7% from the ₹109.64 crores reported in Q2FY25. Compared to the same quarter in the previous fiscal year (Q3FY24), when the total income was ₹106.15 crores, there is a year-over-year (YoY) increase of 61.9%. These figures highlight a substantial growth in revenue for the company over both the previous quarter and the same quarter last year.
Profitability
The company's profit before tax (PBT) for Q3FY25 was ₹26.02 crores, which is a decline of 40.5% from the ₹43.72 crores recorded in Q2FY25. However, this represents an increase of 17.8% compared to the ₹22.09 crores in Q3FY24. After accounting for taxes, the profit after tax (PAT) for Q3FY25 was ₹19.98 crores, showing a decrease of 37.2% QoQ from ₹31.83 crores in Q2FY25 but an increase of 20.6% YoY from ₹16.57 crores in Q3FY24. Earnings per share (EPS) in Q3FY25 stood at ₹4.20, decreasing by 43.2% QoQ from ₹7.40 in Q2FY25 and by 16.0% YoY from ₹5.00 in Q3FY24.
Operating Metrics
Total expenses for Suraj Estate Developers Ltd in Q3FY25 amounted to ₹145.81 crores, marking a QoQ increase of 121.2% from ₹65.92 crores in Q2FY25. Compared to Q3FY24, where expenses were ₹84.06 crores, expenses rose by 73.5% YoY. The tax expense for Q3FY25 was ₹6.03 crores, down 49.2% QoQ from ₹11.88 crores in Q2FY25 and up 9.2% YoY from ₹5.52 crores in Q3FY24. These financial metrics indicate significant changes in the company's expenses and tax liabilities, affecting overall profitability for the quarter.
