Suraj Estate Developers' net profit dips 65.49% in Q3 FY24
Tue, Feb 13, 2024 1:40 PM

Suraj Estate Developers' net profit dips 65.49% in Q3 FY24

A Flip by Shubhangi Gupta
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Real estate firm Suraj Estate Developers reported a significant decline in its net profit and total income during Q3 FY24. However, it had a strong quarter in terms of sales and EBITDA growth, and used IPO proceeds to repay high-cost debt and strengthen its balance sheet. Lower interest costs are expected going forward.

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