+
Suraj Estate Q2 FY25 Net Profit Soars 88% to Rs 310.8 million
Real Estate

Suraj Estate Q2 FY25 Net Profit Soars 88% to Rs 310.8 million

Suraj Estate Developers, a prominent real estate company, has announced a remarkable 88 per cent growth in its consolidated net profit for the September 2024 quarter, which surged to Rs 310.8 million. This is a significant increase from Rs 160.96 million reported in the same quarter of the previous year. The company’s strong performance in the second quarter of this fiscal year also reflects a rise in total income, which reached Rs 1.09 billion, up from Rs 1.03 billion recorded in the corresponding period of the previous year.

The company’s impressive results come as a result of its consistent growth and focus on delivering quality projects. Since its establishment, Suraj Estate Developers has successfully completed 42 real estate projects, contributing to the development of more than 10.47 lakh square feet of area in the South-Central Mumbai region. This track record of project execution has positioned the company as a key player in the region’s real estate market. The steady increase in profit and income is a reflection of both the growing demand for residential and commercial properties in this area and the company's ability to capitalise on the market dynamics effectively.

Suraj Estate Developers, a prominent real estate company, has announced a remarkable 88 per cent growth in its consolidated net profit for the September 2024 quarter, which surged to Rs 310.8 million. This is a significant increase from Rs 160.96 million reported in the same quarter of the previous year. The company’s strong performance in the second quarter of this fiscal year also reflects a rise in total income, which reached Rs 1.09 billion, up from Rs 1.03 billion recorded in the corresponding period of the previous year. The company’s impressive results come as a result of its consistent growth and focus on delivering quality projects. Since its establishment, Suraj Estate Developers has successfully completed 42 real estate projects, contributing to the development of more than 10.47 lakh square feet of area in the South-Central Mumbai region. This track record of project execution has positioned the company as a key player in the region’s real estate market. The steady increase in profit and income is a reflection of both the growing demand for residential and commercial properties in this area and the company's ability to capitalise on the market dynamics effectively.

Next Story
Infrastructure Urban

Uttar Pradesh Opens First Bio-CNG Plant at Naini

In a major step towards sustainable waste management and environmental conservation, Uttar Pradesh inaugurated its first bio-CNG plant at Arail in Naini on Wednesday.On its opening day, the Prayagraj Municipal Corporation delivered approximately 20 tonnes of organic wet waste—mainly from kitchens and restaurants—for processing, officials said.Project head Himanshu Srivastava noted that in the coming weeks, the state’s first such plant will handle up to 100 tonnes of organic waste daily. All wet waste generated in Prayagraj will now be directed here, ensuring efficient processing and reso..

Next Story
Infrastructure Transport

Gujarat CM Reviews Rs 117 Billion Projects in Tourism and Infrastructure

Gujarat Chief Minister Bhupendra Patel reviewed 12 development projects worth Rs 117.35 billion, focusing on tourism, metro rail, and industrial infrastructure.The review included Rs 41.84 billion allocated to tourism initiatives such as the holistic development of Ambaji, restoration of the Mahakali Mata Temple in Pavagadh, mangrove and creek conservation along the coast, and transforming Mokarsagar in Porbandar into a tourism hub. Projects assessed also covered the Dwarka Corridor, enhancements of Shivrajpur and Somnath beaches, and new tourist facilities at Kantharpur Mahakali Vad and Dharo..

Next Story
Infrastructure Urban

Nimtala Ghat in Calcutta Set for Heritage Renovation and Beautification

Nimtala Ghat — one of Calcutta’s oldest ghats on the banks of the Hooghly River — will undergo renovation and beautification.Calcutta Port signed a memorandum of understanding (MoU) with city-based real estate group PS on Wednesday to carry out the project. The initiative includes repairing the steps of the ghat, which sees thousands of Durga idols immersed during Puja, relaying pathways, installing proper lighting, and landscaping the surrounding area, senior officials said.“A French company will oversee the plan to revamp the ghat while respecting its heritage,” said Saurav Dugar, ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?