Suraj Estate Developers Ltd
Suraj Estate Developers Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company plans to launch close to Rs. Margins are expected to range between 30% to 35% on average going forward (Page 7). - Revenue guidance for FY26 is linked to percentage completion method; exact figures are not provided but pre-sales guidance is Rs.
From Suraj Estate Developers Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- The company plans to launch close to Rs. 2,000 crores of Gross Development Value (GDV) in FY26.
- Pre-sales guidance for FY26, including commercial projects, is targeted at Rs. 600 crores.
- New launches, including a marquee commercial project in Mahim and four other residential projects, are expected in H2 FY26.
- Revenue for H1 FY26 grew by 14% year-on-year to Rs. 278.6 crores.
- Revenue guidance follows percentage completion method; exact figures for FY26 are not provided but focus is on strong launches and pre-sales.
- Margins expected to average between 30% to 35% over next two years.
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Profitability & Margins
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Capital Expenditure Plans
- The company is investing in upcoming portfolio projects, focusing on approvals, construction, and pre-construction expenditures, especially for large projects like Mahim Commercial and Bandra.
- Approval and pre-construction costs for Mahim Commercial are around Rs. 15-20 crores currently, with additional investment of Rs. 25-30 crores expected for approvals and mobilization.
- The Bandra project requires substantial upfront capital; initial launch is expected after at least one year, with no partners planned—funding will rely on internal accruals and possibly some fundraising.
- A sanctioned debt limit of Rs. 250 crores for the Mahim Commercial project is in place, with expected peak additional borrowing of Rs. 50-100 crores to fund construction gaps, supplemented by sales collections.
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Top-ranked in Realty
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
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Order Book & Pipeline
- Suraj Estate Developers Limited plans significant launches in H2 FY26, indicating a strong order book pipeline.
- Five new launches planned including the Mahim Commercial project (approx. Rs. 1,210 crores GDV), Gudekar House (Rs. 150 crores GDV), Ambavat Bhawan (Lower Parel), Lobo Villa (Mahim, Rs. 180 crores GDV), and a small project in Shivaji Park (Rs. 80 crores GDV).
- Total upcoming launches expected to be around Rs. 2,000 crores GDV in FY26.
- The Bandra project is expected to launch after about one year, with an approximate top line of Rs. 2,500 to 3,000 crores for the combined three projects.
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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 Q2 FY26 results?
The company plans to launch close to Rs. Margins are expected to range between 30% to 35% on average going forward (Page 7). - Revenue guidance for FY26 is linked to percentage completion method; exact figures are not provided but pre-sales guidance is Rs.
What is Suraj Estate Developers Ltd share price analysis?
Suraj Estate Developers Ltd currently shows a neutral. The stock trades at a P/E of 10.3 with a market cap of ₹945 Cr. Investors should review the full earnings analysis for detailed insights.
Is Suraj Estate Developers Ltd planning capital expenditure?
The company is investing in upcoming portfolio projects, focusing on approvals, construction, and pre-construction expenditures, especially for large projects like Mahim Commercial and Bandra.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.