Suraj Estate Developers Reports Q1 FY27 Results, Citing 74% Year-over-Year Growth in Sales Value
Suraj Estate Developers Limited, a developer focused on the South Central Mumbai market, has announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27). The company reported significant growth in sales metrics across residential and commercial portfolios.The real estate player showcased strong operational momentum, with Sales Value and Sales Area both increasing by 74% year-on-year (YoY). For Q1FY27, the Company recorded a Sales Value of Rs 141 crore and a Sales Area of 28,834 sq ft. Collections for the quarter stood at Rs 86 crore, compared to Rs 115 crore in Q1FY26.
Consolidated Financial Performance
The company's financial health also showed positive trends across key profitability metrics. Total Income increased by 10% YoY to Rs 146 crore (from Rs 133 crore in the previous quarter). Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) reached Rs 55 crore, marking a 9% increase from Rs 50 crore.The results for the first quarter are summarized below:
| Metric | Q1 FY27 | Q1 FY26 | Y-o-Y Change |
|---|---|---|---|
| Total Income (Rs. Cr) | 146 | 133 | 10% |
| EBITDA (Rs. Cr) | 55 | 50 | 9% |
| EBITDA Margin (%) | 37.5% | 37.8% | |
| Profit After Tax (PAT, Rs. Cr) | 23 | 21 | 7% |
| PAT Margin (%) | 15.6% | 16.0% |
Strategic Acquisitions and Business Traction
In strategic updates, the Company announced the acquisition of a land parcel in Dadar (West). The property, acquired at a total cost of approximately Rs 18 crore, holds a development potential estimated at around 0.18 lakh sq ft with an Estimated Gross Development Value (GDV) of roughly Rs 100 crore, strengthening its pipeline in South Central Mumbai.Furthermore, Suraj One Business Bay has shown robust sales traction since its launch, having sold approximately 33% of its inventory, indicating strong demand for the Company’s commercial offerings.
Management Commentary
Mr Rahul Thomas, Whole-time Director of Suraj Estate Developers, commented on the results, stating that Q1 FY27 reflected healthy operational progress supported by resilient customer demand across both residential and commercial segments in South Central Mumbai.He noted that the Dadar West land acquisition reinforces the Company’s growth strategy and consolidates its presence within the core micro-market. Mr Thomas added that going forward, the focus will be on advancing existing projects, driving sales and collections, while actively progressing upcoming development opportunities across key markets.
Company Profile
Suraj Estate Developers has been active in the real estate business since 1986, focusing primarily on the residential and commercial sectors within the South Central Mumbai region, including Mahim, Dadar, Prabhadevi, and Parel. The company specializes in redevelopment projects and tenant settlement, which is a key competence given that most parcels in the market are tenanted.Since its incorporation, Suraj Estate Developers has completed over 45 projects, amounting to more than 16.09 lakh square feet of developed area in South Central Mumbai. The Company currently manages 13 ongoing projects with a developable area of 23.54 lakh sq ft and saleable RERA carpet area of 7.57 lakh sq ft, alongside 18 upcoming Projects estimated at 13.46 lakh square feet of carpet area.
SURAJEST Stock Price Movement
On Friday, shares of Suraj Estate Developers Limited slipped by 0.66% to close at ₹214.32, reflecting a fall of ₹1.43 for the day. The stock finished trading amid significant activity, with the company recording a volume of 145,939 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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