Summary of Key Information:
Reporting Period: Quarter and Half Year ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI Listing Regulations
Audit Opinion:
Unmodified opinion issued by M/s SKLR & Co. LLP, Chartered Accountants (FRN: W100362) for both standalone and consolidated financial results.
Key Financial Highlights [₹ in Lakhs]:
Consolidated Results:
Quarter ended September 30, 2026:
- Revenue from Operations: ₹17,004.41
- Total Income: ₹17,108.41
- Profit Before Tax: ₹3,095.87
- Net Profit: ₹2,306.99
- EPS (Basic & Diluted): ₹4.98
Half Year ended September 30, 2026:
- Revenue from Operations: ₹31,475.66
- Total Income: ₹31,731.45
- Profit Before Tax: ₹6,226.99
- Net Profit: ₹4,587.55
- EPS (Basic & Diluted): ₹9.92
Comparative Performance (YoY):
Quarterly Revenue increased from ₹14,456.30 (Q2 FY26) to ₹17,004.41 (Q2 FY27)
Quarterly Net Profit increased from ₹2,282.79 (Q2 FY26) to ₹2,306.99 (Q2 FY27)
Standalone Results:
Quarter ended September 30, 2026:
- Revenue from Operations: ₹6,902.62
- Total Income: ₹8,538.91
- Profit Before Tax: ₹2,581.91
- Net Profit: ₹1,907.47
- EPS (Basic & Diluted): ₹3.99
Half Year ended September 30, 2026:
- Revenue from Operations: ₹15,540.95
- Total Income: ₹18,822.93
- Profit Before Tax: ₹5,429.48
- Net Profit: ₹3,990.89
- EPS (Basic & Diluted): ₹8.37
Financial Position as at September 30, 2026:
Consolidated:
- Paid-up Equity Share Capital: ₹2,313.70 lakhs (Face Value ₹5 per share)
- Other Equity: ₹96,992.69 lakhs
- Net Worth: ₹99,306.39 lakhs
- Total Assets: ₹2,28,276.52 lakhs
- Total Borrowings: ₹79,855.28 lakhs (Non-current: ₹69,686.89 + Current: ₹10,166.39)
- Cash and Cash Equivalents: ₹175.24 lakhs
Standalone:
- Paid-up Equity Share Capital: ₹2,388.70 lakhs (Face Value ₹5 per share)
- Other Equity: ₹95,983.39 lakhs
- Net Worth: ₹98,372.09 lakhs
- Total Assets: ₹1,89,277.79 lakhs
- Total Borrowings: ₹49,411.58 lakhs (Non-current: ₹41,076.06 + Current: ₹8,335.52)
- Cash and Cash Equivalents: ₹92.71 lakhs
Segment-wise Performance:
The Group operates exclusively in the business of Real Estate and other allied activities, constituting a single operating segment as per Ind AS 108. No geographical segments as operations are entirely within India.
Corporate Actions:
The Board, based on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment of Mr. Satyendra Shridhar Nayak (DIN: 08194706) as an Independent Director for a further period of five years, effective from December 03, 2026 to December 02, 2031, subject to shareholders' approval.
Other Significant Information:
- The nature of real estate accounting means quarterly results may not be strictly comparable to earlier periods
- Previous period figures have been regrouped/reclassified where necessary for comparability
- Figures for corresponding quarter/half year ended September 30, 2025 converted from millions to lakhs
- Consolidated results include 5 subsidiaries and 3 partnership firms
Entities in Consolidation:
- Suraj Estate Developers Limited (Holding Company)
- Skyline Realty Private Limited (Subsidiary)
- Accord Estates Private Limited (Subsidiary)
- Iconic Property Developers Private Limited (Subsidiary)
- Uditi Premises Private Limited (Subsidiary)
- Hally Pacific Private Limited (Subsidiary)
- Avle Estates Private Limited (Subsidiary)
- New Siddhartha Enterprises (Partnership Firm)
- S R Enterprises (Partnership Firm)
- Mulani & Bhagat Associates (Partnership Firm)