NSEPress Release3d ago · 16 Aug 2026, 11:07 pm
Press Release
Suraj Estate Developers Limited · SURAJEST
✦ AI Summary▲ PositiveResults
Suraj Estate Developers Limited has announced its unaudited financial results for the quarter ended June 30, 2026, with a 74% year-over-year increase in sales value and sales area, and a 10% increase in total income. The company has also acquired a land parcel in Dadar (West) with a development potential of ~0.18 lakh sq ft and estimated GDV of ~Rs.100 crore.
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Governance Concern1/10
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Market Sentiment8/10
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Full Announcement
Suraj Estate Developers Limited has informed the Exchange regarding a press release dated August 16, 2026, titled "Press Release on unaudited Financial Results for the quarter ended June 30, 2026 ".
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www.surajestate.com
CINNo.L99999MH1986PLC0£0873
Call+91 02224377/87r//+9102224360802/ +9102221327656/ +9102224363471
AmenChambers,3rdFloor,CenturyBazaar,Prabhadevi,Mumbai,Maharashtra400025
SURA] ESTATEDEVELOPERSLIMITED
ICSI Membership No.: F6959
CompanySecretary& Complia
("`"?§°' 2
Mukesh Gupta
ForSuraj Estate Developers Limited
Yoursfaithfully
Thankingyou
Financial Resultsforthe quarterJune 30, 2026
Regulations, 2015, please find enclosed herewith the press release on the Un-audited
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
2015 ('SEBI (LODR) Regulations, 2015')-Press Release
Sub.: Intimation underSEBI (ListingObligations and Disclosure Requirements) Regulations
Dear Sir/Madam
NSE Symbol:SURAJEST BSE Scrip Code: 544054
Mumbai-400 051 400 001
Bandra-Kurla Complex, Bandra (East) 21st Floor, Dalal Street, Mumbai
Exchange Plaza, Plot No. C/1, G Block PhirozeJeejeebhoyTowers
National Stock Exchange ofIndia Limited BSE Limited
AUSUStL>,2026
S U R A J
S U RA J
Investor Release
Suraj Estate Developers Limited Begins FY27 on Strong Footing, Driven by Robust Sales
Momentum
• Q1FY27 Sales Value increased 74% y-o-y to Rs 141 Crores
• Q1FY27 Sales Area increased 74% y-o-y to 28,834 Sq. ft.
• Q1FY27 Collections stood at Rs 86 Crores
16th August 2026, Mumbai: Suraj Estate Developers Limited (the “Company”), a leading real estate player
focused on South Central Mumbai (SCM) market with specialisation in redevelopment projects announced
its unaudited financial results for the quarter ended June’26.
Operational Highlights:
Particulars Q1FY27 Q1FY26 Y-o-Y
Sales Value (Rs. Cr) 141 81 74%
Sales Area (sq ft) 28,834 16,524 74%
Collections (Rs. Cr) 86 115 -25%
Consolidated Financial Highlights: (Rs. Cr)
Particulars Q1FY27 Q1FY26 Y-o-Y
Total Income* 146 133 10%
EBITDA* 55 50 9%
EBITDA Margin (%) 37.5% 37.8%
PAT 23 21 7%
PAT Margin (%) 15.6% 16.0%
*Includes other income
Business Updates:
• Achieved strong sales momentum in Q1FY27, with Sales Value and Sales Area both increasing 74% YoY
to Rs.141 crore and 28,834 sq. ft., respectively, while Collections stood at Rs.86 crore, reflecting
healthy customer demand and execution
• Acquired a land parcel in Dadar (West), at a total acquisition cost of ~Rs.18 crore, with a development
potential of ~0.18 lakh sq ft and estimated GDV of ~Rs.100 crore, strengthening the Company’s near-
to-medium term project pipeline and further consolidating its presence in South-Central Mumbai
• Suraj One Business Bay has witnessed strong sales traction since its launch, with ~33% of inventory
sold since the launch, indicating healthy demand and strong absorption for the Company’s commercial
offering.
S U RA J
Commenting on the performance, Mr. Rahul Thomas, Whole-time Director, Suraj Estate Developers,
said “Q1 FY27 marked a quarter of healthy operational progress for the Company, supported by resilient
customer demand and continued momentum across its core South-Central Mumbai markets. The
Company witnessed healthy growth in sales value and sales area during the quarter, reflecting robust
absorption across its residential and commercial portfolio.
Commercial developments continued to witness healthy demand, with Suraj One Business Bay recording
strong sales traction since its launch, further demonstrating the attractiveness of the Company’s
commercial offering. The Company remained focused on disciplined execution and timely monetization,
supported by healthy sales momentum and resilient demand across its key projects.
During the quarter, the Company further strengthened its future development pipeline through the
acquisition of a strategically located land parcel in Dadar West with an estimated GDV potential of
~Rs.100 crore. The acquisition reinforces the Company’s growth strategy and further consolidates its
presence across its core South-Central Mumbai micro-market.
Going forward, the Company will focus on advancing its ongoing projects, driving sales and collections,
while also actively progressing the development of its upcoming project pipeline, and selectively adding
new development opportunities across its core markets. With continued customer demand and a healthy
mix of residential and commercial opportunities, the Company remains well positioned to build on the
momentum achieved during the quarter and strengthen its growth trajectory.”
S U RA J
About Suraj Estate Developers:
Suraj Estate Developers has been involved in the real estate business since 1986 and they develop real
estate across the residential and commercial sectors in South Central Mumbai region. Company has a
residential portfolio located in the markets of Mahim, Dadar, Prabhadevi and Parel, which are sub-markets
of the South-Central Mumbai micro market where they have established their presence. Company is
focused primarily on value luxury, luxury segments and commercial segments. Company is now venturing
into residential real estate development in Bandra sub-market.
The focus area of operation is the South-Central region in Mumbai mainly consisting of Mahim, Matunga,
Dadar, Prabhadevi and Parel, as their expertise lies is in the redevelopment of tenanted properties. Since
most of the land parcels in the South-Central Mumbai market are redevelopment projects, company’s core
competence lies in tenant settlement which is a key element for unlocking value of such land parcels. Suraj
Estate Developers identify properties having cessed/ non-cessed structures with existing tenants and tie
up with the landlords of such tenanted properties by entering into development agreement or on outright
purchase basis through conveyance deed.
Since incorporation, Suraj Estate Developers have completed 45+ projects with a developed area of more
than 16.09 lakh square feet in the South-Central Mumbai region. In addition to the completed Projects, the
company has 13 ongoing projects with a developable area of 23.54 lakh square feet and saleable RERA
carpet area 7.57 lakh square feet and 18 upcoming Projects with an estimated carpet area of 13.46 lakh
square feet.
S U RA J
Safe Harbor:
Statements in this document relating to future status, events, or circumstances, including but not limited
to statements about plans and objectives, the progress and results of research and development, potential
project characteristics, project potential and target dates for project related issues are forward-looking
statements based on estimates and the anticipated effects of future events on current and developing
circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily
predictive of future results. Actual results may differ materially from those anticipated in the forward-
looking statements. The company assumes no obligation to update forward-looking statements to reflect
actual results changed assumptions or other factors.
For further details please contact:
Company Investor Relations Advisors
Suraj Estate Developers Limited Strategic Growth Advisors Pvt. Ltd.
CIN - L99999MH1986PLC040873 CIN - U74140MH2010PTC204285
suraj@surajestate.com Mr. Rahul Agarwal/Mr. Devraj Ghatge
rahul.agarwal@sgapl.net/
www.surajestate.com devraj.ghatge@sgapl.net
+91- 9821438864 /+91-9168723907
www.sgapl.net