Suraj Estate Developers Ltd
Suraj Estate Developers Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 4 strong
Not discussed on this call: order book.
The short version
Suraj Estate expects a launch pipeline of approximately INR1,600 crores for FY27, with staggered launches: ~INR240 crores in Q2, INR800-880 crores in Q3, and INR480 crores in Q4. Suraj Estate Developers targets a 10%-15% growth in accounting revenue for FY27 and FY28, subject to project launch timings.
From Suraj Estate Developers Ltd's Q1 FY27 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- Suraj Estate expects a launch pipeline of approximately INR1,600 crores for FY27, with staggered launches: ~INR240 crores in Q2, INR800-880 crores in Q3, and INR480 crores in Q4.
- Sales momentum is strong, with a target presales value of around INR700 crores for FY27, combining residential and commercial segments.
- Revenue is projected to grow by 10-15% in FY27 and FY28 compared to last year, supported by new launches and ongoing project absorption.
- EBITDA margins are expected between 35-37% over the next two years.
- Sales area showed significant growth (74% YoY increase in Q1 FY27).
- The company focuses on velocity in sales, especially for projects like One Business Bay, targeting at least another 100,000 sq.ft. sales in FY27.
- Long-term growth driven by redevelopment opportunities, disciplined execution, and expansions primarily in South and Central Mumbai markets.
Profitability & Margins
See what Suraj Estate Developers Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capital deployment towards business development, strategic acquisitions, and investments in ongoing and upcoming projects, driving net debt to INR614 crores as of June 2026.
- Investments aimed at strengthening the company's development pipeline and supporting project execution to ensure long-term growth visibility across South-Central Mumbai.
- Proposed acquisition of adjoining land parcel in Mahim to enhance the Suraj One Business Bay project scale and commercial footprint.
- Acquisition of a land parcel in Dadar West costing approximately INR18 crores, with sale potential of ~18,000 sq ft and estimated GDV of INR100 crores, to consolidate presence in South Central Mumbai.
- Bandra project initial capital estimated at INR300-350 crores to be funded from internal accruals; construction funding to be tied up closer to launch with institutional lenders.
- Focus on selective portfolio additions alongside disciplined project execution and monetization.
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Suraj Estate Developers Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The expected launch pipeline for FY27 is approximately INR1,600 crores.
- Launches are planned across quarters: around INR240 crores in Q2, INR800-880 crores in Q3, and INR480 crores in Q4.
- Key upcoming launches include Suraj Nova (Mahim) INR180 crores, Madonna (Dadar) INR60 crores, One Business Bay Phase 2 INR800 crores, Shivteerth (Shivaji Park) INR80 crores, plus three more projects totaling INR480 crores in Q4.
- Ongoing unsold inventory totals approximately INR950 crores: residential segment saleable area of 22,000 sq. ft. with estimated GDV ~INR109 crores, and commercial approx. 1.4 lakh sq. ft. with estimated GDV ~INR841 crores.
- The company aims for presales of about INR700 crores for FY27, covering both residential and commercial.
- Redevelopment opportunities in South-Central Mumbai remain significant, supplemented by strategic land acquisitions.
Suraj Estate Developers Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹180 Cr, net profit ₹25 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Suraj Estate Developers Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Suraj Estate Developers Ltd Q1 FY27 results?
Suraj Estate expects a launch pipeline of approximately INR1,600 crores for FY27, with staggered launches: ~INR240 crores in Q2, INR800-880 crores in Q3, and INR480 crores in Q4. Suraj Estate Developers targets a 10%-15% growth in accounting revenue for FY27 and FY28, subject to project launch timings.
What is Suraj Estate Developers Ltd share price analysis?
Suraj Estate Developers Ltd currently shows a below-average growth signal. The stock trades at a P/E of 10.8 with a market cap of ₹975 Cr. Investors should review the full earnings analysis for detailed insights.
Is Suraj Estate Developers Ltd planning capital expenditure?
Capital deployment towards business development, strategic acquisitions, and investments in ongoing and upcoming projects, driving net debt to INR614 crores as of June 2026.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.