Suraj Estate Developers Limited has uploaded the audio recording of its recent analyst and investor conference call to its corporate website. The session took place on August 17, 2026, and focused on the company's financial performance for the quarter ended June 30, 2026.

The conference call included a presentation by senior management followed by an interactive question-and-answer session with market participants. The recording is accessible via a direct link provided in the company's regulatory filing.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This submission serves as a continuation of the intimation issued by the company on August 12, 2026.

Mukesh Kumar Gupta, Company Secretary and Compliance Officer of Suraj Estate Developers Limited, signed the communication addressed to the National Stock Exchange of India Limited and BSE Limited. The filing requests that the information be taken on record by the exchanges.

Suraj Estate Developers reported a consolidated net profit of ₹22.9 crore for the quarter ended June 30, 2026 (Q1FY27), an increase of 7.5% from ₹21.3 crore in the same period last year. The company’s revenue from operations grew 9.2% year-on-year to ₹144.7 crore, driven by higher operational activity and resilient customer demand across its core South-Central Mumbai markets. EBITDA stood at ₹54.8 crore, compared to ₹50.3 million in the prior year, representing a 9% expansion.

The top-line growth outpaced the bottom-line expansion slightly, with EBITDA margins contracting marginally from 37.7% in the previous year to 37.5% in the current quarter. This divergence suggests that input costs or operational expenses rose at a faster rate than sales volume, although the absolute increase in EBITDA by ₹4.5 crore reflects scale benefits. No dividend was declared or mentioned in the filing.

Financial Performance

The company maintained its profitability stance despite the slight margin compression. Finance costs increased to ₹22.4 crore from ₹20.7 crore in the prior year period, while depreciation remained flat at ₹1.1 crore. The total tax expense was ₹8.5 crore, compared to ₹7.2 crore previously.

Operational Highlights & Strategic Moves

Mr. Rahul Thomas, Whole-Time Director, commented that Q1FY27 marked a quarter of healthy operational progress, supported by robust absorption across the residential and commercial portfolio. Key operational developments include:

• Commercial Launch: Successfully launched Suraj One Business Bay, a marquee commercial development in Mahim spread across a 3,000 sq m land parcel with a saleable area of 2.09 lakh sq ft and an estimated GDV of ~₹1,200 crore. The project has received a strong market response, with **33%** of inventory already sold post-launch.
• Strategic Acquisition: Acquired a strategically located land parcel in Dadar West with an estimated GDV potential of ~₹100 crore. This acquisition reinforces the company’s growth strategy and consolidates its presence in the South-Central Mumbai micro-market.
• Sales Momentum: Healthy growth in sales value and sales area was witnessed during the quarter, reflecting resilient demand. The company remains focused on disciplined execution and timely monetization.

What the Numbers Show

A key observation is the decoupling between revenue growth and margin performance. Revenue from operations expanded by 9.2%, significantly outstripping the 7.5% growth in net profit. While EBITDA grew at 9%, the slight contraction in EBITDA margin (from 37.7% to 37.5%) indicates that cost structures did not benefit proportionately from economies of scale in this quarter. Investors should monitor whether this margin compression is a one-off seasonal effect or a structural shift in pricing power versus input costs, particularly as finance costs rose by ₹1.7 crore year-on-year.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE843S01025/790f684b-6345-4b93-8fc2-fc6aa499c9c8.pdf