Suratwwala Business Group Share Price

Realty company Suratwwala Business Group announced Q1FY25 results: Total Revenue stood at Rs 909.4 lakh for Q1FY25 EBITDA stood at Rs 562.5 lakh while margins stood at 61.9% PAT stood at Rs 409.2 lakh and margins stood at 45.0% Deepak Kalera, Chief Financial Officer, Suratwwala Business Group stated: “The " Suratwala Mark Plazzo Tower C, D & E - The Tower of Dreams " project represents a significant milestone in our company's history, with a robust revenue potential. However, considering the provisions of IND AS, the timing of revenue recognition may differ. This could impact revenue growth in the short term. Nonetheless, it will not affect the overall strength and robustness of our business. Despite these short-term fluctuations, we remain confident in the long-term success and financial prospects of our company.” Commenting on SBGL’s performance, management team stated: “We are pleased to present the financial and operational performance of Suratwwala Business Group Limited for Q1FY25. This period has been marked by strategic advancements and robust performance across our business segments. We have launched our project Suratwala Mark Plazzo Tower C, D & E - The Tower of Dreams which is Hinjewadi's largest commercial project, sprawling over 3.5 acres. This is a fully integrated business hub which will offer state-of-the-art facilities and prime office spaces. We are receiving an excellent response in terms of bookings, highlighting the project's strong appeal and significant investment potential. This enthusiastic reception underscoresthe confidence investors have in the project's prospects and the high level of interest it has generated in the market. Also, the revenue potential from the project is substantial, promising strong financial returns. This project is poised to significantly boost our growth trajectory. Currently Company’s order book size has crossed around Rs 48 crores since its launch. The Company is very optimistic of getting robust bookings for the offices, showrooms in this project from various customer segments. SBGL hassuccessfully ventured into the Renewable Energy sector, and we are experiencing a strong demand for our solar power plant solutions. Our focus on providing high-quality EPC services and PPA is resonating well with clients seeking sustainable energy solutions. We have got good traction for this business since its launch and getting impressive response from various industry sectors for solar power projects in PPA and EPC verticals. This reflects robust market interest and our growing footprint in the renewable energy sector. This momentum underscores our commitment to delivering innovative and reliable solar energy solutions. In conclusion, SBGL has achieved significant milestones, advanced The Tower of Dreams and experienced strong demand in our solar energy segment. Our dedication to innovation, quality, and sustainability is driving our success and setting industry standards. We appreciate the support of our employees, partners, and shareholders and remain focused on delivering continued growth and value. Looking ahead, we are excited about the opportunities we foresee in coming time” Result PDF

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