Suraj Estate Developers Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Suraj Estate Developers reported Q1 FY27 total income of INR146 crores, up 10% year-on-year, with EBITDA of INR55 crores and PAT of INR23 crores. Sales value grew 74% year-on-year to INR141 crores while collections declined to INR86 crores from INR115 crores a year earlier, and net debt stood at INR614 crores as of June 2026. Management discussed the Suraj One Business Bay commercial project, a new land acquisition in Dadar West, and progress on land assembly for the Bandra project.
Suraj Estate Developers reported FY26 presales of Rs 615 crore, up 23% year-on-year, surpassing its guidance of Rs 600 crore, while sales area grew 42% to 1.31 lakh square feet. EBITDA for the year rose to Rs 223 crore from Rs 207 crore in FY25 with margins improving to 39.7%, though PAT declined to Rs 90 crore due to higher finance costs from acquisitions. Management discussed a signed MOU to acquire development rights adjacent to Suraj One Business Bay and the completed acquisition of Hally Pacific Private Limited's land parcel at Sayani Road, Prabhadevi.