Suraj Estate Developers Ltd Share Price – NSE  / BSE

Realty, Small Cap

On a consolidated basis, net profit rose 4% year-on-year to Rs 33.1 crore in Q2 FY26 from Rs 31.8 crore in Q2 FY25. Sequentially, profit jumped 56% from Rs 21.3 crore in Q1 FY26.

Revenue from operations stood at Rs 144.6 crore, up 33% YoY from Rs 109.1 crore in Q2 FY25 and up 9% sequentially from Rs 132.5 crore in Q1 FY26.

EBITDA rose 3% YoY to Rs 65.6 crore in Q2 FY26 from Rs 64 crore in Q2 FY25 and was up 31% QoQ from Rs 50.3 crore in Q1 FY26. EBITDA margin, however, declined to 45.1% from 58.3% a year ago, but remained strong compared with 37.7% in the previous quarter.

Profit before tax (PBT) stood at Rs 44.1 crore, up 1% from Rs 43.7 crore in Q2 FY25 and 55% higher than Rs 28.5 crore in Q1 FY26.

Total expenses increased 75% YoY to Rs 79.8 crore in Q2 FY26, driven by operating costs of Rs 69.6 crore, compared with Rs 33.5 crore in Q2 FY25. Employee benefit expenses remained steady at Rs 5.8 crore.

Finance costs rose 7% YoY to Rs 20.5 crore from Rs 19.1 crore a year earlier, while depreciation and amortisation expense stood at Rs 1 crore versus Rs 1.2 crore in Q2 FY25.

Total tax expense came in at Rs 11 crore, broadly stable compared to Rs 11.9 crore in the same period last year.

The company's pre-sales rose 89% QoQ to Rs 153 crore, while carpet area sold increased 111% QoQ to 34,875 sq.ft. in Q2FY26, driven by successful launches of Suraj Aureva and Parkview 1. Both projects witnessed strong demand, with over 40% of inventory sold during the quarter.

Rahul Thomas, whole time director, Suraj Estate Developers, said We delivered a robust performance for the quarter, marked by successful new launches and strong operational momentum, which reaffirms the strength of the Suraj brand in South-Central Mumbai. We remain firmly on track to achieve our FY26 launch target of Rs 2,000 crore GDV, including Rs 1,200 crore from our upcoming commercial project.

Suraj Estate Developers develops real estate across the residential and commercial sectors in South Central Mumbai region. The company has a residential portfolio located in the markets of Mahim, Dadar, Prabhadevi and Parel. The company is now venturing into residential real estate development in Bandra sub-market. The focus area of operation is the South-Central region in Mumbai mainly consisting of Mahim, Matunga, Dadar, Prabhadevi and Parel. The company has 12 ongoing projects with saleable RERA carpet area 5.46 lakh square feet and 17 upcoming Projects with an estimated carpet area of 13.66 lakh square feet.

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Net profit of Suraj Estate Developers rose 3.99% to Rs 33.10 crore in the quarter ended September 2025 as against Rs 31.83 crore during the previous quarter ended September 2024. Sales rose 32.51% to Rs 144.56 crore in the quarter ended September 2025 as against Rs 109.09 crore during the previous quarter ended September 2024.

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Suraj Estate Developers will hold a meeting of the Board of Directors of the Company on 27 October 2025.

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With an estimated Gross Development Value (GDV) of Rs 250 crore and a saleable carpet area of approximately 0.53 lakh square feet, the project is being developed under a capital-efficient redevelopment model.

The 29-storey tower would comprise of 1, 2, and 3 BHK residences, ranging from 469 square feet to 872 square feet.

Rahul Thomas, whole-time director, Suraj Estate Developers, said, ?The launch of Suraj Park View 1 reflects the cultural essence of Dadar while meeting the evolving aspirations of modern homebuyers.

Following the overwhelming success of Suraj Park View 2, we are witnessing strong enthusiasm for Suraj Park View 1, a project offering enhanced amenities and an elevated lifestyle. The encouraging response highlights not only the resilience of this micro-market but also the enduring trust that families place in our brand.

Suraj Estate Developers has been involved in the real estate business since 1986, and the company develops real estate across the residential and commercial sectors in the South Central Mumbai region. The company has a residential portfolio located in the markets of Mahim, Dadar, Prabhadevi, and Parel, which are sub-markets of the South-Central Mumbai micro market.

The company's consolidated net profit declined 29.37% to Rs 21.28 crore as revenue remained flat at Rs 132.47 crore in Q1 FY26 as compared with Q1 FY25.

The scrip rose 0.19% to currently trade at Rs 296.30 on the BSE.

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