Suraj Estate Developers announced plans to host a virtual group meeting with institutional investors and analysts on September 28, 2026. The session is scheduled from 12:00 pm to 1:00 pm IST.

The interaction is part of the Arihant Capital Bharat Connect Conference: Rising Stars September 2026. The company stated that discussions will be strictly based on publicly available information.

Meeting Details

Regulatory Compliance

The intimation was filed under Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no unpublished price sensitive information (UPSI) is intended to be discussed during the interactions.

Officials noted that changes to the schedule may occur due to exigencies on the part of participants or the company.

Suraj Estate Developers Limited uploaded the transcript of its Q1FY27 earnings conference call on August 24, 2026. The session, held on August 17, 2026, detailed financial results and project updates for the quarter ended June 30, 2026.

Financial Performance

Total income for Q1FY27 stood at ₹146 crore, a 10% year-on-year increase from ₹133 crore in Q1FY26. EBITDA rose 9% to ₹55 crore from ₹50 crore, maintaining a margin of close to 37.5%. Profit after tax (PAT) grew 7% to ₹23 crore from ₹21 crore.

Sales value surged 74% to ₹141 crore from ₹81 crore, with sales area growing by the same percentage to 28,834 square feet from 16,524 square feet. Collections declined to ₹86 crore from ₹115 crore in the prior year quarter.

Balance Sheet and Debt

As of June 2026, net debt stood at ₹614 crore (gross debt ₹646.94 crore against cash and equivalents of ₹33.03 crore). Management attributed the debt levels to capital deployment for business development, strategic acquisitions, and project investments aimed at strengthening the pipeline in South-Central Mumbai.

Project Pipeline and Acquisitions

The company has a launch pipeline of approximately ₹1,600 crore for FY27. This includes:

• Q2: ₹240 crore, including Suraj Nova (Mahim) with an estimated top line of ₹180 crore.
• Q3: ₹800–₹880 crore, featuring Suraj One Business Bay Phase 2 (₹800 crore) and Shivteerth (Shivaji Park, ₹80 crore).
• Q4: ₹480 crore across three projects.

Suraj One Business Bay, the marquee commercial development in Mahim, has sold approximately 33% of its inventory post-launch. Management targets selling an additional 1 lakh square feet in this project during the year. Overall presales guidance for the portfolio is set at ₹700 crore.

The company acquired a land parcel in Dadar West for ₹18 crore, with a sale potential of 18,000 square feet and an estimated GDV of ₹100 crore. For the Bandra redevelopment project, two balance conveyances are pending. Initial capital will be funded through internal accruals, with estimated premiums ranging between ₹300 crore and ₹350 crore for the entire parcel.

What the Numbers Show

Sales momentum is outpacing revenue growth, with sales value up 74% while total income grew only 10%. This divergence highlights the lagged nature of real estate revenue recognition, where current collections and sales feed future income streams. The unsold inventory stands at ₹950 crore, comprising ₹841 crore in commercial space (1.4 lakh sq ft) and ₹109 crore in residential units (22,000 sq ft), providing significant visibility for future monetization.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mukesh Kumar Gupta, Company Secretary and Compliance Officer, signed the communication addressed to the National Stock Exchange of India Limited and BSE Limited.