Date: November 02, 2026

Operational Highlights

Suraj Estate Developers Limited reported unaudited financial results for the quarter and half year ended September 30, 2026 (Q2 FY27 and H1 FY27). The company demonstrated strong operational performance with significant growth in sales and collections.

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Sales Value: Increased 35% year-over-year to ₹206 Crores (from ₹153 Crores)
  • Sales Area: Increased 19% year-over-year to 41,487 Sq. ft. (from 34,848 Sq. ft.)
  • Collections: Increased 46% year-over-year to ₹104 Crores (from ₹71 Crores)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Sales Value: Increased 48% year-over-year to ₹347 Crores (from ₹234 Crores)
  • Sales Area: Increased 37% year-over-year to 70,321 Sq. ft. (from 51,372 Sq. ft.)
  • Collections: Increased 2% year-over-year to ₹190 Crores (from ₹186 Crores)

Consolidated Financial Highlights

Quarterly Financial Performance (₹ Crores):

| Particulars | Q2FY27 | Q2FY26 | Y-o-Y |

| Total Income* | 171 | 145 | 18% |

| EBITDA* | 56 | 66 | -14% |

| EBITDA Margin (%) | 33.0% | 45.1% | |

| PAT | 23 | 33 | -30% |

| PAT Margin (%) * | 13.5% | 22.8% | |

Half-Yearly Financial Performance (₹ Crores):

| Particulars | H1FY27 | H1FY26 | Y-o-Y |

| Total Income* | 317 | 279 | 14% |

| EBITDA* | 111 | 116 | -4% |

| EBITDA Margin (%) | 35.1% | 41.6% | |

| PAT | 46 | 54 | -16% |

| PAT Margin (%) * | 14.5% | 19.5% | |

*Includes other income

Business Updates and Project Performance

  • The company recorded continued business activity and healthy monetization across its project portfolio
  • Suraj One Business Bay at Mahim has recorded sales of approximately ₹500 crore worth of inventory since launch
  • The expanded project now has a Gross Development Value (GDV) base of ₹2,000 crores
  • The company completed the acquisition of development rights for the adjoining land parcel, enabling expansion of the development scale
  • The combined project will have an estimated saleable area of approximately 3.59 lakh sq. ft.

Management Commentary

Mr. Rahul Thomas, Whole Time Director, commented on the performance:

  • The company made steady progress across business operations during H1 FY27
  • The performance reflects contribution from both residential and commercial developments
  • The expansion of Suraj One Business Bay enhances project potential and strengthens presence in commercial real estate
  • Focus will remain on advancing ongoing projects, bringing upcoming developments to market, and maintaining healthy sales and collection momentum
  • The company will continue to leverage redevelopment expertise to identify opportunities
  • Management remains confident of achieving FY27 pre-sales guidance of ₹700 crores

Company Background

  • Operating in real estate since 1986 with focus on South Central Mumbai region
  • Develops real estate across residential and commercial sectors
  • Residential portfolio located in Mahim, Dadar, Prabhadevi and Parel sub-markets
  • Focused on value luxury, luxury segments and commercial segments
  • Venturing into residential real estate development in Bandra sub-market
  • Core competence in redevelopment of tenanted properties
  • Completed 45+ projects with developed area of more than 16.09 lakh square feet
  • 13 ongoing projects with developable area of 23.54 lakh square feet and saleable RERA carpet area 7.57 lakh square feet
  • 18 upcoming Projects with estimated carpet area of 13.46 lakh square feet