Suraj Estate Developers Limited (SURAJEST) — Financial Results | 31 May 2026(2 announcements)

Suraj Estate Developers reported FY26 sales value of ₹615 crores, up 23% YoY, with sales area expanding 42% to 1,31,167 sq. ft. and collections rising 9% to ₹421 crores. PAT declined 10% to ₹90 crores due to higher finance costs from acquisitions, while EBITDA grew 8% to ₹223 crores and margin improved to 39.7%. The company launched key projects including Suraj One Business Bay and acquired land parcels with ~₹200 crore and ~₹800 crore GDV potential, targeting over ₹2,000 crore combined GDV. Forward-looking statements highlight continued focus on launch momentum and monetization across its expanding portfolio.

Suraj Estate Developers reported FY26 revenue of ₹555.9 crores, a 69.9% YoY increase, driven by strong collections and realizations, with profit after tax reaching ₹90.3 crores. The company expanded its luxury portfolio through strategic land acquisitions, including a Prabhadevi parcel expected to generate ₹2,000 crores in combined GDV with Suraj One Business Bay. Ongoing projects like Suraj Aureva and commercial developments in SCM and Bandra underscore its focus on high-value urban redevelopment. With 23 active projects and 5 upcoming launches, the firm maintains a dominant market position in South-Central Mumbai, supported by robust cash flows and a pipeline targeting FY27-FY31 completions.