Suraj Estate Developers Delivers Highest-Ever Q3 & 9MFY26 Operational Performance

Mumbai, January 30, 2026: Suraj Estate Developers Ltd has reported its highest-ever quarterly operational performance for the December quarter, led by strong traction in its newly launched commercial project in South-Central Mumbai. The company said sales value in Q3FY26 surged 137 per cent year-on-year to INR 253 crore, while sales area more than tripled to 51,826 sq. ft., up 211 per cent YoY. Collections during the quarter rose 48 per cent to INR 124 crore, reflecting sustained customer traction and execution momentum.

For the nine months ended December 2025, the developer reported sales value of INR 487 crore, up 38 per cent year-on-year, and sales area of 1.03 lakh sq. ft., a 56 per cent increase, driven largely by higher contribution from its commercial portfolio. Total income for Q3FY26 stood at INR 181.5 crore, up 6 per cent YoY, while profit after tax rose 26 per cent to INR 25.2 crore. The company said improving commercial traction and a favourable mix between residential and commercial segments supported overall performance.

Commenting on the results, Rahul Thomas, Whole-time Director, Suraj Estate Developers, said the strong performance was anchored by the successful launch of Suraj One Business Bay, which recorded around 40,000 sq. ft. of sales within 45 days, translating into sales value of about INR 200 crore against a total project GDV of INR 1,200 crore. “This performance underscores the demand for Grade A commercial development in South Central Mumbai,” Thomas said, adding that the company will continue to deepen its presence in the region across both residential and commercial segments to capitalise on rising commercial demand and a growing opportunity pipeline.

Highlights

• Q3FY26 Sales Value up 137 per cent YoY to INR 253 crore
• Q3FY26 Sales Area up 211 per cent YoY to 51,826 sq. ft.
• Successful commercial launch of Suraj One Business Bay with ~INR 200 crore sales within 45 days
• Recognition as India’s Best Residential Developer at the Euromoney Real Estate Awards 2025