Realty company Suraj Estate Developers announced Q2FY25 results Total Income: Rs 109.6 crore compared to Rs 103.7 crore during Q2FY24, change 5.7% YoY. EBITDA: Rs 64.0 crore compared to Rs 63.4 crore during Q2FY24, change 1.0% YoY. EBITDA Margin: 58.4% for Q2FY25. PAT: Rs 31.8 crore compared to Rs 16.9 crore during Q2FY24, change 88.1% YoY. Rahul Thomas, Executive Director, Suraj Estate Developers, said: “We are extremely pleased with our operational performance this quarter, particularly given that it traditionally represents a seasonally week quarter. Despite this, we achieved a commendable 14% growth in sales volume alongside a 10% improvement in realizations, showcasing the resilience and growing demand for our offerings. The YoY decline in finance costs is another positive development, largely attributable to utilization of IPO proceeds for debt repayment and reduced blended average cost of borrowings. These favorable financial conditions have contributed to strengthening our bottom line and overall financial stability. Additionally, our successful Rs 343 crore raise through a preferential issue of equity shares and share warrants marks a pivotal milestone, providing growth capital to support key initiatives, including land acquisitions, working capital enhancement, general corporate purposes, and issuance-related expenses. This funding is essential to expanding our operational reach. We are committed to deploying these funds strategically to consolidate our standing in the residential and commercial real estate sectors, seize emerging opportunities, and deliver sustainable, long-term value to our stakeholders. Our optimism regarding the potential within the MMR region remains steadfast, and we look forward to capitalizing on its growth prospects in alignment with our vision for a robust and diversified portfolio.” Result PDF