Image Source: Marca Money
Suraj Estate Developers reported robust Q2 FY26 results, with consolidated revenue from operations reaching ₹145 crore and net profit at ₹33 crore, underscoring a significant uptick in project sales and operational efficiency. The quarter saw high sales momentum, margin improvement, and strategic project expansions, reflecting strong growth signals for the company
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Suraj Estate Developers Limited has released its financial results for Q2 FY26, showcasing impressive operational and financial performance. Enhanced sales across flagship projects, increased margins, and strategic expansions stand out as the quarter’s defining trends.
Notable Updates
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Revenue from operations surged to ₹145 crore, reflecting a 32.6% YoY growth, driven by successful launches and strong demand for residential projects like Suraj Aureva (Prabhadevi) and Parkview (Dadar West).
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Net profit climbed to ₹33 crore, posting a 3.96% increase as operational leverage improved margins.
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Pre-sales nearly doubled QoQ, reaching ₹153 crore, with 111% growth in carpet area sold to 34,875 sq. ft.
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Inventory absorption was robust, with Suraj Aureva and Parkview selling over 40% of available units during the quarter.
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EBITDA grew 30% QoQ to ₹65.6 crore, with EBITDA margin improving from 37.7% to 45% thanks to cost efficiencies.
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Expansion moves: New approvals for a commercial project at Mahim and land acquisition at Lower Parel signal long-term growth intent.
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Governance update: The board initiated appointment procedures for Ananta Singh Raghuvanshi as independent director (Woman Director).
Major Takeaways
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Strong project launches boost quarterly sales and margins.
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Strategic land acquisitions and project approvals point to future growth.
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Board fosters governance diversity with key independent director appointment.
Sources: NSE, BSE filings, Reuters, Economic Times Realty, company press release
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