Suraj Estate Developers Limited has informed the Exchange regarding a press release dated May 31, 2026, titled "press release on the Audited Financial Results for the quarter and year ended March 31, 2026.".
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Suraj Estate Developers reported strong FY26 performance with sales value up 23% YoY to Rs 615 crore, surpassing its guidance of Rs 600 crore. Sales area jumped 42% to 1,31,167 sq ft while collections grew 9% to Rs 421 crore. EBITDA improved 8% to Rs 223 crore with margins expanding to 39.7% from 37.4%. However, PAT declined 10% to Rs 90 crore due to higher finance costs from recent acquisitions and business development activities. The company launched three projects (Suraj One Business Bay, Suraj Parkview 1, Suraj Aureva) with combined GDV of Rs 1,600 crore and acquired a land parcel at Sayani Road, Prabhadevi with Rs 200 crore GDV potential. An MOU was signed for development rights contiguous to Suraj One Business Bay, adding Rs 800 crore incremental GDV potential.
Despite PAT decline due to higher interest costs from acquisitions, the company demonstrated strong operational performance with sales beating guidance, margin expansion, and solid project pipeline expansion to over Rs 2,000 crore GDV for Suraj One Business Bay.