Suraj Estate Developers FY26 presales rise 23% to INR615 crores
Suraj Estate Developers reported a 23% YoY rise in FY26 presales to INR615 crores, exceeding its INR600 crores guidance. Sales area increased 42% to 1.31 lakh sq ft, while collections grew 9% to INR421 crores. EBITDA rose 7.7% to INR223 crores, with margins expanding to 39.7%, while PAT stood at INR90 crores. The company signed an MOU to acquire land contiguous to Suraj One Business Bay, adding 1.5 lakh sq ft and INR800 crores GDV, and acquired Hally Pacific Private Limited for INR30.40 crores. Net debt stood at INR579.91 crores, expected to range between INR600-650 crores next year.
*this image is generated using AI for illustrative purposes only.
Suraj Estate Developers Limited reported a 23% year-on-year increase in presales to INR615 crores for the financial year ended March 31, 2026, surpassing its guidance of INR600 crores. The company disclosed this performance in the transcript of its analyst and investor conference call held on June 01, 2026, submitted pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Operational Performance
Sales area grew by 42% year-on-year to 1.31 lakh square feet, while collections increased by 9% to INR421 crores. The average realization for FY26 stood at INR45,775 per square foot. The total sold area reached 5.66 lakh square feet, with the company holding balanced receivables of INR2,105 crores from sold and unsold areas of ongoing projects.
Financial Highlights
For the full year, total income grew to INR561 crores from INR553 crores in the previous year. EBITDA increased to INR223 crores from INR207 crores, with margins improving to 39.7% from 37.4%. Profit after tax (PAT) for the year stood at INR90 crores. In Q4FY26, total income was INR101 crores, EBITDA surged 69% to INR52 crores, and PAT was INR11 crores.
Strategic Developments
The company signed an MOU to acquire development rights contiguous to its Suraj One Business Bay project at Mahim. This acquisition is expected to add 1.5 lakh square feet of saleable area and an incremental GDV potential of approximately INR800 crores, taking the combined GDV of the project to over INR2,000 crores. Additionally, the company completed the acquisition of 100% shareholding in Hally Pacific Private Limited for INR30.40 crores, adding a land parcel at Sayani Road, Prabhadevi, with an estimated GDV potential of INR200 crores.
Guidance and Outlook
Management stated that the upcoming project pipeline has a GDV potential of approximately INR7,500 crores. Net debt as of March 2026 stood at INR579.91 crores, driven by strategic acquisitions and business development activities. The company expects net debt levels to remain between INR600 crores and INR650 crores for the upcoming year.
| Metric | FY26 Value | YoY Change |
|---|---|---|
| Presales | INR615 crores | +23% |
| Sales Area | 1.31 lakh sq ft | +42% |
| Collections | INR421 crores | +9% |
| Total Income | INR561 crores | +1.4% |
| EBITDA | INR223 crores | +7.7% |
| EBITDA Margin | 39.7% | +230 bps |
| PAT | INR90 crores | - |
Historical Stock Returns for Suraj Estate Developers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.97% | +1.16% | +9.23% | -21.78% | -41.11% | -39.99% |
How will the company manage the expected increase in net debt between INR600-650 crores while funding its GDV pipeline of INR7,500 crores?
What is the projected timeline for revenue recognition from the newly acquired Suraj One Business Bay and Sayani Road land parcels?
Will the strategic acquisitions lead to a shift in the company's average realizations given the premium nature of the Mahim and Prabhadevi locations?
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