Suraj Estate Developers Ltd Share Price – NSE /  BSE

Realty, Small Cap

The company has achieved a sale of an area of 40,000 square feet within 45 days of the launch of the project, which translates to a GDV of Rs 200 crore out of the total esmated project GDV of Rs 1,200 crore.

One Business Bay project, with a sale area of 2.09 lakhs square feet, is being developed on freehold land parcels admeasuring 0.75 acres and is well-connected to Senapati Bapat Marg.

Designed by Architect Hafeez Contractor, One Business Bay has been designed as a complete ecosystem that can accommodate 182 premium business office units.

Encouraged by early traction at One Business Bay, the company is selectively evaluating similar opportunities for commercial projects within the South-Central Mumbai micro-market.

Rahul Thomas, whole-time director, Suraj Estate Developers, said: ?The initial soles momentum at One Business Bay validates our decision to expand into the commercial segment.

Our continued focus on commercial real estate is a natural progression, backed by decades of development experience in South Central Mumbai and a strong understanding of this micro-market.?

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.

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. Revenue from operations stood at Rs 144.6 crore, up 33% YoY from Rs 109.1 crore in Q2 FY25.

The scrip rose 0.23% to currently trade at Rs 258.10 on the BSE.

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Suraj Estate Developers announced a strong sales for its landmark commercial project, One Business Bay, launched in mid November 2025. The company has achieved a sale of an area of 40,000 sq. ft. within 45 days of the launch of the project which translates to a GDV of Rs 200 crore out of the total estimated project GDV of Rs 1,200 crore. One Business Bay's strong sales momentum reflects the strong demand for ownership-led office spaces in South Central Mumbai.

One Business Bay project with a sale area of 2.09 lakhs sq is being developed on freehold land parcels admeasuring 0.75 acres and is well-connected to Senapati Bapat Marg thereby enabling the company to scale its commercial footprint to cater to the demand for high-quality Grade-A offices enjoying strong connectivity mee ng with Gold LEED standards.

The project comprises of 2 levels of basement, a double-height grand entrance lobby, 8 levels of podium parking, double height E-Deck level (approx. 28 feet height) and 15 office floors having floor to floor height of 14 feet. It features multiple destination-controlled high speed elevators an intelligent system. Each office floor houses 11 to 15 business units, catering to a diverse mix of corporates and other entities. All these features work together combining efficiency, design sophistication, and functionality.

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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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