Suraj Estate Developers Reports Positive Growth in Q1 FY25 Financial Results

Suraj Estate Developers, a smallcap real estate company, has recently declared its financial results for the quarter ending June 2024. According to the data released on August 1, 2024, the company has shown positive growth in various key areas.

One of the highlights of the quarter was the company’s operating profit to interest ratio, which was the highest in the last five quarters at 2.86 times. This indicates that Suraj Estate is improving its ability to manage interest payments.

The company’s profit before tax (PBT) less other income has also shown significant growth, with a 74.6% increase over the average PBT of the previous four quarters. This trend is expected to continue in the near term.

Similarly, the profit after tax (PAT) has also seen a substantial growth of 78.5% over the average PAT of the previous four quarters. This is a positive sign for the company’s financial health in the near future.

In terms of sales, Suraj Estate has recorded its highest net sales of Rs 133.67 crore in the last five quarters. This is a 29.7% increase over the average net sales of the previous four quarters, indicating a positive sales trend in the near term.

The company’s PBT and PAT have also shown positive growth, with the highest figures in the last five quarters. This further reinforces the positive outlook for Suraj Estate in the near future.

Moreover, the company’s earnings per share (EPS) have also seen a significant increase, with the highest figure of Rs 7.03 in the last five quarters. This shows that Suraj Estate is creating higher earnings for its shareholders.

Overall, the financial results for the quarter ending June 2024 have been positive for Suraj Estate Developers. With improving profitability and positive sales trends, the company is expected to continue its growth trajectory in the near future.