Mumbai: Suraj Estate Developers Limited (the “Company”), a leading real estate player focused on South Central Mumbai (SCM) market with specialisation in redevelopment projects announced its unaudited financial results for the quarter ended June’26.
Operational Highlights:
| Particulars | Q1FY27 | Q1FY26 | Y-o-Y |
| Sales Value (Rs. Cr) | 141 | 81 | 74% |
| Sales Area (sq ft) | 28,834 | 16,524 | 74% |
| Collections (Rs. Cr) | 86 | 115 | -25% |
Consolidated Financial Highlights: (Rs. Cr)
| Particulars | Q1FY27 | Q1FY26 | Y-o-Y |
| Total Income* | 146 | 133 | 10% |
| EBITDA* | 55 | 50 | 9% |
| EBITDA Margin (%) | 37.5% | 37.8% | |
| PAT | 23 | 21 | 7% |
| PAT Margin (%) | 15.6% | 16.0% |
*Includes other income
Business Updates:
- Achieved strong sales momentum in Q1FY27, with Sales Value and Sales Area both increasing 74% YoY to Rs.141 crore and 28,834 sq. ft., respectively, while Collections stood at Rs.86 crore, reflecting healthy customer demand and execution
- Acquired a land parcel in Dadar (West), at a total acquisition cost of ~Rs.18 crore, with a development potential of ~0.18 lakh sq ft and estimated GDV of ~Rs.100 crore, strengthening the Company’s near-to-medium term project pipeline and further consolidating its presence in South-Central Mumbai
- Suraj One Business Bay has witnessed strong sales traction since its launch, with ~33% of inventory sold since the launch, indicating healthy demand and strong absorption for the Company’s commercial offering.
Commenting on the performance, Mr. Rahul Thomas, Whole-time Director, Suraj Estate Developers, said “Q1 FY27 marked a quarter of healthy operational progress for the Company, supported by resilient customer demand and continued momentum across its core South-Central Mumbai markets. The Company witnessed healthy growth in sales value and sales area during the quarter, reflecting robust absorption across its residential and commercial portfolio.
Commercial developments continued to witness healthy demand, with Suraj One Business Bay recording strong sales traction since its launch, further demonstrating the attractiveness of the Company’s commercial offering. The Company remained focused on disciplined execution and timely monetization, supported by healthy sales momentum and resilient demand across its key projects.
During the quarter, the Company further strengthened its future development pipeline through the acquisition of a strategically located land parcel in Dadar West with an estimated GDV potential of ~Rs.100 crore. The acquisition reinforces the Company’s growth strategy and further consolidates its presence across its core South-Central Mumbai micro-market.
Going forward, the Company will focus on advancing its ongoing projects, driving sales and collections, while also actively progressing the development of its upcoming project pipeline, and selectively adding new development opportunities across its core markets. With continued customer demand and a healthy mix of residential and commercial opportunities, the Company remains well positioned to build on the momentum achieved during the quarter and strengthen its growth trajectory.”