Suraj Estate Developers Limited has informed the Exchange about Transcript of Analyst/Investor call held on October 28, 2025
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Suraj Estate Developers reported Q2 FY26 total income of Rs 145.4 crores, up 32.6% year-on-year, with PAT at Rs 33.1 crores versus Rs 31.8 crores a year ago. H1 FY26 pre-sales grew 42.4% YoY to Rs 152.9 crores in Q2 (Rs 233.9 crores for the half), and management guided full-year pre-sales of Rs 600 crores including the upcoming Mahim commercial launch in November (GDV ~Rs 1,210 crores). The company also disclosed an H2 launch pipeline of five projects worth roughly Rs 1,800+ crores, a new land acquisition at Lower Parel for Rs 6.44 crores, and a possible fundraise (preferential share issue) to fund the larger Bandra and Mahim developments. Gross debt rose to Rs 545.8 crores from Rs 456.3 crores in March 2025 due to approval and pre-construction costs, with management noting margins are broadly in the 30-35% range.
Positive near-term momentum from strong launch response (39-42% sold at launch) and a visible inventory pipeline through FY26, but rising debt and the potential equity dilution for the Bandra project are watchpoints for shareholders.