Economy

The Noteworthy Financial Achievements of Suratwwala Business Group Ltd.

The Noteworthy Financial Achievements of Suratwwala Business Group Ltd.
The Noteworthy Financial Achievements of Suratwwala Business Group Ltd.

As per the Standalone Financial Statements, the Company Suratwwala Business Group Ltd. has reported a Turnover of Rs. 37.56 Crore for the year ended 31st March, 2022 as compared to Rs.13.36 Crore of the previous financial year. The Profit After Tax during the year grew to Rs.14.16 Crore from Rs. 6.19 Crore of the previous financial year. The Company has EPS of Rs. 8.17/- against Rs. 4.02/- of the previous financial year.

For the half year ended 31st March, 2022 the Company has reported the Turnover of Rs. 26.01 Crore with Profit After Tax of Rs. 10.13 Cr. In the Financial year 2021-22 the Company has reported the Net Cash Flow from the operating activities of Rs. 5.98 Crore and the Networth as on 31st March, 2022 is Rs. 40.53 Crore.

As per the Consolidated Financial Statement the Group has reported a Turnover of Rs. 37.56 Crore and Profit After Tax at Rs. 14.15 Crore also, the Company has EPS of Rs. 8.16/- for the year ended 31st March, 2022.

After the breath-taking achievements, the company Suratwwala Business Group Ltd. is all set to start new voyage of expansion in other business domains. The Company will enter into the Solar Business by incorporating a new Limited Liability Partnership Firm (‘the LLP’) and the Company will make the Capital Contribution in the proposed LLP. The proposed LLP will add the value creation to the Group.

This company also undertook the acquisition of Royale Hill Properties LLP, which is an active in the field of real-estate.
This press release is drafted by Prittle Prattle News
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