Suraj Estate Developers Limited announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27) through a regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Operational Highlights (Q1 FY27 vs Q1 FY26):

  • Sales Value: ₹141 Crores (vs ₹81 Crores) - 74% year-on-year increase
  • Sales Area: 28,834 Sq. ft. (vs 16,524 Sq. ft.) - 74% year-on-year increase
  • Collections: ₹86 Crores (vs ₹115 Crores) - 25% year-on-year decrease

Consolidated Financial Highlights (Q1 FY27 vs Q1 FY26):

  • Total Income (including other income): ₹146 Crores (vs ₹133 Crores) - 10% year-on-year increase
  • EBITDA: ₹55 Crores (vs ₹50 Crores) - 9% year-on-year increase
  • EBITDA Margin: 37.5% (vs 37.8%)
  • PAT: ₹23 Crores (vs ₹21 Crores) - 7% year-on-year increase
  • PAT Margin: 15.6% (vs 16.0%)

Business Updates:

  • Acquired a land parcel in Dadar (West) at a total acquisition cost of approximately ₹18 crore
  • The acquired land has a development potential of approximately 0.18 lakh sq ft and estimated Gross Development Value (GDV) of approximately ₹100 crore
  • Suraj One Business Bay commercial project has achieved approximately 33% of inventory sold since its launch

Management Commentary:

Mr. Rahul Thomas, Whole-time Director, commented that Q1 FY27 marked healthy operational progress supported by resilient customer demand in South-Central Mumbai markets. The company witnessed robust absorption across its residential and commercial portfolio. The Dadar West acquisition reinforces the company's growth strategy and consolidates its presence in core markets. Going forward, the company will focus on advancing ongoing projects, driving sales and collections, and selectively adding new development opportunities.

Company Background:

Suraj Estate Developers has been in real estate business since 1986, developing properties in South Central Mumbai region including Mahim, Dadar, Prabhadevi, and Parel. The company focuses on value luxury, luxury segments, and commercial segments, with expertise in redevelopment of tenanted properties. The company has completed 45+ projects with developed area of over 16.09 lakh square feet, with 13 ongoing projects (23.54 lakh sq ft developable area) and 18 upcoming projects (13.46 lakh sq ft estimated carpet area).