Suraj Estate Developers' Profit Soars by 88% in Q2

Suraj Estate Developers Limited reported an 88% increase in net profit, reaching Rs 31.8 crore in Q2 September 2024. This marks a significant rise from the Rs 16.96 crore reported in the year-ago period. The company's income also increased, and it continues to expand with ongoing and upcoming projects.

Suraj Estate Developers Limited has experienced remarkable financial growth, with an 88 percent surge in consolidated net profit for the second quarter of September 2024, totaling Rs 31.8 crore. This impressive achievement far surpasses the Rs 16.96 crore recorded in the same quarter last year.

The company's total income rose to Rs 109.63 crore, compared to Rs 103.7 crore from the previous year's corresponding period, as outlined in a recent regulatory filing.

Since its inception, Suraj Estate Developers has successfully completed 42 projects, covering an area of over 10.47 lakh square feet in South-Central Mumbai. Currently, the firm is managing 13 ongoing projects, with 18 more in the pipeline.

(With inputs from agencies.)