Suraj Estate Developers reports robust Q2 FY26 performance, outlines growth plans

Suraj Estate Developers Limited reported a significant increase in total income for H1 FY26, growing 14% year-on-year to INR 278.6 crores, with EBITDA at INR 115.9 crores and PAT at INR 54.4 crores. Quarterly, Q2 FY26 total income rose 32.6% year-on-year to INR 145.4 crores, with EBITDA at INR 65.6 crores and PAT at INR 33.1 crores. Pre-sales saw an impressive 88.8% quarter-on-quarter increase and 42.4% year-on-year rise to INR 152.9 crores in Q2 FY26, with H1 FY26 pre-sales reaching INR 233.9 crores.

The company successfully launched two residential projects: Suraj Aureva in Prabhadevi, achieving 39% sales at launch with an estimated GDV of INR 120 crores, and Suraj Park View 1 in Dadar West, which saw 42% sales at launch with an estimated GDV of INR 250 crores. Suraj Estate also acquired a prime land parcel in Lower Parel for INR 6.44 crores, enhancing its South Central Corridor presence.

Looking ahead, Suraj Estate Developers plans to launch its Mahim Commercial Project, offering 2.09 lakh square feet with an estimated GDV of INR 1,200 crores, by November 2025. This project, along with other planned launches, is expected to drive pre-sales to INR 600 crores for the year. The company's pipeline includes approximately 13.66 lakh square feet across 17 projects in South and Central Mumbai.