Press Release on the Audited Financial Results for the quarter and year ended March 31, 2026
SURAJEST · price
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Suraj Estate Developers reported strong FY26 performance with sales value up 23% YoY to Rs 615 crore, surpassing its Rs 600 crore guidance. Sales area jumped 42% to 1.31 lakh sq ft while collections rose 9% to Rs 421 crore. EBITDA improved to Rs 223 crore with margins expanding to 39.7% from 37.4% in FY25. However, PAT declined 10% to Rs 90 crore due to higher finance costs from recent acquisitions and business development. The company launched three projects with combined GDV of Rs 1,600 crore and acquired a land parcel at Sayani Road, Prabhadevi with Rs 200 crore GDV potential, plus signed an MOU for development rights adjacent to Suraj One Business Bay adding Rs 800 crore incremental GDV.
The company demonstrated healthy operational growth with margin expansion, though the PAT decline from higher finance costs is a concern. The robust pipeline of launches and acquisitions positions the company for future growth, but investors should monitor debt levels and finance cost trends.