Suraj Estate Developers Limited has scheduled a virtual analyst and institutional investor meeting for June 11, 2026. The session, organized by Choice Broking, will focus on the company's performance based on publicly available information. No unpublished price sensitive information (UPSI) will be shared during the interaction.

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited under Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015. A subsequent clarification letter corrected a typographical error in the original intimation date, changing it from May 04, 2026, to June 04, 2026, while confirming no other changes to the meeting details.

Meeting Details

The company noted that changes to the schedule may occur due to exigencies on the part of the host or the company. The intimation was signed by Mukesh Kumar Gupta, Company Secretary & Compliance Officer.

Suraj Estate Developers Limited reported a 10% year-on-year decline in consolidated profit after tax (PAT) to ₹90 crore for the financial year ended March 31, 2026. The decline in PAT was primarily attributable to higher finance costs, which rose due to recent acquisitions and ongoing business development activities. Total income for the year increased by 1% to ₹561 crore, while EBITDA grew by 8% to ₹223 crore. The EBITDA margin improved to 39.7% from 37.4% in FY25.

The company achieved a sales value of ₹615 crore during FY26, surpassing its guidance of ₹600 crore — a 23% increase compared to the previous year. Sales area grew by 42% year-on-year to 1,31,167 sq. ft., while collections increased by 9% to ₹421 crore. The operational performance was driven by healthy launch momentum and disciplined execution across the South Central Mumbai market.

Operational Highlights

The following table summarises the key operational metrics for FY26 compared to the previous year:

Consolidated Financial Performance

On a consolidated basis, the company reported a PAT margin of 16.2% for FY26, down from 18.2% in FY25. The table below details the financial highlights:

*Includes other income

Business Updates

During the year, the company successfully launched Suraj One Business Bay, Suraj Parkview 1, and Suraj Aureva, with a cumulative Gross Development Value (GDV) of approximately ₹1,600 crore. It acquired a strategically located land parcel at Sayani Road, Prabhadevi, with an estimated GDV potential of ~₹200 crore. Additionally, the company signed an MOU for the acquisition of development rights for a land parcel contiguous to Suraj One Business Bay, adding an incremental GDV potential of ~₹800 crore and taking the project's combined GDV potential to over ₹2,000 crore.

Commenting on the performance, Mr. Rahul Thomas, Whole-time Director, stated that the company successfully achieved its pre-sales guidance supported by strong customer demand and healthy collections. He highlighted that commercial developments emerged as an important growth driver, aided by increasing demand for premium office assets.

FY27 Guidance — Concall Highlights

Management shared key forward-looking guidance during the concall. While detailed accounting revenue and EBITDA guidance for FY27 will be provided in the next call, management expects the company to perform "much better" than FY26. The following table summarises the key guidance parameters shared:

Management noted that net debt for FY27 is estimated to be between ₹600 crore and ₹650 crore, despite potential temporary increases arising from new project launches. Blended EBITDA margins for upcoming projects are expected to be maintained in the range of 35% to 40%.

Board and Audit Approvals

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026. M/s SKLR & Co. LLP, Chartered Accountants, issued an audit report with an unmodified opinion on the standalone and consolidated financial results. The Board also approved the re-appointment of M/s Ankit Kishor Chande, Cost Accountant, as Cost Auditors and M/s. Motilal & Associates LLP as Internal Auditors for the financial year 2026-27, subject to shareholder approval where applicable.