Suraj Estate Developers reports strong Q2, H1 FY26 performance on new project launches

Suraj Estate Developers announced a strong Q2 and H1 FY26, with pre-sales value increasing by 89% quarter-on-quarter to ₹153 crore and sales area rising 111% QoQ to 34,875 sq. ft. This growth was attributed to the successful launches of Suraj Aureva at Prabhadevi and Suraj Parkview 1 at Dadar (W), both achieving impressive inventory sales of approximately 40% within their launch phases. Total income for Q2 FY26 grew 9.2% QoQ to ₹145 crore, with EBITDA increasing 30.4% QoQ to ₹65.6 crore.

The company also expanded its footprint in Lower Parel with the strategic acquisition of an adjoining parcel for the ‘Ambavat Bhavan & RK Mansion’ project, increasing the saleable area to 0.32 lakh sq. ft. and a combined GDV of ~₹130 crore. The commercial segment is expected to be a key growth driver, with a larger land parcel (3,000 sqm) now planned for development, boasting a salable area of 2.09 lakh sq. ft. and an expected GDV of ₹1,200 crore. Key approvals for this commercial project are in place, with a high-impact launch targeted for November 2025.

For H1 FY26, total income reached ₹279 crore, with EBITDA at ₹116 crore and profit after tax (PAT) at ₹54 crore. The company maintains its FY26 launch target of ₹2,000 crore GDV, including ₹1,200 crore from the upcoming commercial project.