Suraj Estate Developers Limited Begins FY27 on Strong Footing Driven by Robust Sales Momentum
Mumbai, August 17, 2026: Suraj Estate Developers Limited, a leading real estate developer focused on the South Central Mumbai market with specialization in redevelopment projects, has announced its unaudited financial results for the first quarter ended June 30, 2026, marking a strong start to FY27.
The company achieved a 74 percent year-on-year surge in Q1FY27 sales value to Rs 141 crore, up from Rs 81 crore in Q1FY26. Sales area also grew 74 percent year-on-year to 28,834 square feet compared to 16,524 square feet in the corresponding quarter of the previous fiscal year. Collections for the quarter stood at Rs 86 crore.
On a consolidated financial basis, total income rose 10 percent year-on-year to Rs 146 crore in Q1FY27 from Rs 133 crore in Q1FY26. EBITDA grew 9 percent to Rs 55 crore with an EBITDA margin of 37.5 percent, while Profit After Tax expanded 7 percent year-on-year to Rs 23 crore, delivering a PAT margin of 15.6 percent.
During the quarter, the developer strengthened its project pipeline by acquiring a land parcel in Dadar (West) for an acquisition cost of approximately Rs 18 crore. The project features a development potential of around 0.18 lakh square feet and an estimated Gross Development Value of approximately Rs 100 crore, further consolidating the company’s footprint in South-Central Mumbai. In the commercial segment, Suraj One Business Bay witnessed strong sales traction, with approximately 33 percent of its inventory sold since launch.
Commenting on the performance, Rahul Thomas, Whole-time Director of 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.”
