Suratwwala Business Group hits it big with massive Q1 FY25 profits—Find out their game-changing project

Suratwwala Business Group Ltd. (SBGL), a leading real estate developer based in Pune, Maharashtra, has announced its financial results for Q1 FY25, showcasing strong performance and strategic advancements. The company’s total revenue for the quarter reached ₹909.4 lakhs, with a robust EBITDA of ₹562.5 lakhs and a PAT of ₹409.2 lakhs. These results reflect SBGL’s continued commitment to innovation and growth across its commercial and residential projects.

Financial Highlights

Suratwwala Business Group’s  Q1 FY25 financial results highlight significant achievements. The company’s revenue from operations stood at ₹874.1 lakhs, supplemented by ₹35.3 lakhs in other income, bringing the total revenue to ₹909.4 lakhs. The EBITDA margin was impressive at 61.9%, with an EBITDA of ₹562.5 lakhs. After accounting for depreciation, amortisation, and finance costs, the company reported a Profit Before Tax (PBT) of ₹550.6 lakhs and a Profit After Tax (PAT) of ₹409.2 lakhs, translating to a PAT margin of 45.0%. The diluted earnings per share (EPS) for the quarter were ₹0.24.

Strategic Advancements and Major Projects

Suratwwala Business Group’s  management highlighted several key developments during the board meeting. The company has launched the Suratwala Mark Plazzo Tower C, D & E – The Tower of Dreams, a major commercial project in Hinjewadi, Pune. Spanning over 3.5 acres, this project is set to become the largest commercial hub in the area, featuring state-of-the-art facilities and prime office spaces. The project has received an enthusiastic response, with strong booking interest indicating significant investment potential and financial returns. The current order book size for this project has exceeded ₹48 crores, reflecting a positive market reception.

In addition to its real estate ventures, Suratwwala Business Group has made strides in the renewable energy sector. The company has ventured into solar power solutions, experiencing robust demand for its solar power plant services. The focus on high-quality Engineering, Procurement, and Construction (EPC) services and Power Purchase Agreements (PPAs) has resonated well with clients. This sector’s strong market interest underscores SBGL’s growing footprint and commitment to sustainable energy solutions.

Expert Insights

Suratwwala Business Group’s Chief Financial Officer, Deepak Kalera, provided further insights into the company’s performance. Kalera noted that while the Suratwala Mark Plazzo Tower C, D & E project represents a significant revenue milestone, the timing of revenue recognition according to IND AS regulations might impact short-term revenue growth. Despite these potential fluctuations, Kalera expressed confidence in the long-term success and financial stability of the company.