Investor Presentation on Audited Financial results for quarter and FY 2025-26
SURAJEST · price
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Suraj Estate Developers reported FY26 total income of ₹561 Cr (up 1% YoY) and EBITDA of ₹222.9 Cr (up 8% YoY), but PAT declined 10% to ₹90.3 Cr due to significantly higher finance costs of ₹92.5 Cr (vs ₹65.7 Cr in FY25), driven by strategic land acquisitions and business development. Q4 FY26 was weaker with income down 26% YoY to ₹101 Cr and PAT down 41% to ₹10.8 Cr. The company achieved its FY26 pre-sales guidance with collections of ₹615 Cr and sales value of ₹489 Cr. Key acquisitions include a Prabhadevi land parcel (~₹200 Cr GDV) and an MOU for development rights adjoining Suraj One Business Bay, adding ~₹800 Cr incremental GDV to take the combined project to ~₹2,000 Cr GDV. The FY26 launches totaled ~₹1,600 Cr across residential and commercial projects.
PAT decline due to higher leverage for acquisitions is a near-term earnings pressure, but the expanding project pipeline (~₹2,105 Cr receivables from ongoing projects) and land bank acquisitions support long-term revenue visibility.