Outcome of Board Meeting dated May 30, 2026 inter-alia has approved the following Audited Financial Results (Standalone and Consolidated) and Audited Financial statements (Standalone and ....
SURAJEST · price
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Suraj Estate Developers reported audited results for FY26 ended March 31, 2026. Standalone revenue declined 20% to ₹40,410 lakhs from ₹50,679 lakhs in FY25, with profit after tax falling 20% to ₹7,688 lakhs. Consolidated revenue grew marginally to ₹55,586 lakhs (vs ₹54,909 lakhs) with PAT at ₹9,028 lakhs (vs ₹10,016 lakhs), down ~10%. The company operates only in real estate (single segment). Statutory auditors SKLR & Co. LLP issued unmodified opinions on both standalone and consolidated results. The Board also approved re-appointment of cost and internal auditors for FY27. Note: FY25 figures appear restated due to change from ₹ in millions to ₹ in lakhs.
Revenue and profitability declined year-on-year, particularly in standalone results. Negative operating cash flows of ₹5,355 lakhs (consolidated) and ₹2,317 lakhs (standalone) raise concerns about cash generation, though debt levels increased to fund operations. The forfeiture of share warrants (₹4,987.50 lakhs) is a positive equity event.