Pune, India, February 4, 2025 – Suratwwala Business Group Limited (SBGLP: NSE) has released its unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2024. The company also announced key corporate actions, including a reduction in its subsidiary’s shareholding and additional investments.
Financial Performance Overview
Standalone Financial Results (₹ in Lakhs)
Particulars
Q3 FY2025
Q2 FY2025
Q3 FY2024
9M FY2025
9M FY2024
FY2024 (Audited)
Revenue from Operations
94.04
130.63
1,634.85
1,092.08
5,093.41
7,197.72
Other Income
84.83
76.67
12.43
198.14
35.42
63.09
Total Revenue
178.87
207.30
1,647.29
1,290.22
5,128.83
7,260.81
Net Profit
18.51
21.84
653.88
449.50
2,222.55
2,780.95
EPS (Basic & Diluted) (₹)
0.01
0.01
0.38
0.26
1.28
1.60
Consolidated Financial Results (₹ in Lakhs)
Particulars
Q3 FY2025
Q2 FY2025
Q3 FY2024
9M FY2025
9M FY2024
FY2024 (Audited)
Revenue from Operations
318.06
225.38
1,634.85
1,415.71
5,093.41
7,201.22
Other Income
68.14
22.43
18.07
125.85
55.91
60.16
Total Revenue
386.20
246.01
1,652.92
1,581.56
5,149.32
7,261.38
Net Profit
18.70
22.40
653.83
450.25
2,220.74
2,779.39
EPS (Basic & Diluted) (₹)
0.01
0.01
0.38
0.25
1.28
1.60
The financial results indicate a sharp decline in revenue compared to the previous year, primarily due to lower real estate sales. Despite the revenue contraction, SBGLP maintained profitability.
Key Corporate Announcements
Subscription of Additional Shares in Subsidiary
The company approved the subscription of 70,100 equity shares of ₹10 each in its subsidiary, Suratwwala Natural Energy Resource Private Limited (SNERPL).
Investment Amount: ₹7,01,000.
Revised Shareholding: 88.89% (Post-allotment).
Reduction in Subsidiary Shareholding
The board approved the reduction in Suratwwala Natural Energy Resource Private Limited’sshareholding from 99% to 88.89%.
The company now holds 80,000 equity shares, while Jatin Dhansukhlal Suratwala and Manoj Dhansukhlal Suratwala hold 5,000 shares each.
Trading Window Closure
The company confirmed the trading window remains closed from January 1, 2025, to February 7, 2025, under SEBI (Prohibition of Insider Trading) Regulations, 2015.
Management Commentary
Jatin Dhansukhlal Suratwala, Managing Director, stated: "Despite a challenging real estate market, Suratwwala Business Group remains committed to strategic growth. Our investment in renewable energy aligns with our long-term sustainability vision. We continue to focus on operational efficiency and project execution to enhance shareholder value."
Strategic Outlook
Diversification into Renewable Energy: The increased investment in SNERPL indicates a potential shift towards sustainability-driven business models.
Real Estate Performance: The slowdown in revenue suggests cautious market sentiment in the real estate sector.
Financial Resilience: Despite a revenue dip, profitability remains intact, signaling a focus on cost optimization.
Investors will closely monitor SBGLP’s revenue trajectory and strategic execution in the coming quarters.