Suraj Estate Developers' Share Price Surges 14% on Strong Q2 Results
Suraj Estate Developers, a leading real estate construction firm in South Central Mumbai, saw its share price soar by 14% after announcing robust Q2 results. The company reported an 89% increase in pre-sales and a 111% increase in carpet area sold, reflecting strong demand for its new projects.
Real EstateSuraj Estate DevelopersQ2 ResultsShare PriceMumbaiReal Estate MumbaiOct 28, 2025
The Q2 results were particularly impressive, highlighting strong growth across various operational metrics. Pre-sales increased by 89% quarter-over-quarter (QoQ) and 42% year-over-year (YoY) to Rs 153 crore. Additionally, the carpet area sold saw a remarkable 111% increase QoQ and 57% YoY to 34,875 square feet in Q2 FY26. This growth was driven by the successful launches of Suraj Aureva and Parkview 1, both of which saw over 40% of inventory sold during the quarter.
The Profit After Tax (PAT) for Q2 FY26 stood at Rs 33.1 crore, marking a 4% growth YoY and a 55.5% increase QoQ. Total revenue also saw a positive trend, growing by 9.2% QoQ and 32.6% YoY to Rs 145 crore. EBITDA grew by 30.4% QoQ and 2.5% YoY to Rs 65.6 crore, with the EBITDA margin increasing from 37.7% to 45% on a QoQ basis, although it was down compared to the Q2 FY25 margin of 58%.
Suraj Estate Developers has several ongoing residential projects in Mumbai, including developments in Dadar West, Mahim, and Prabhadevi. The company's clientele includes major institutions such as ICICI Bank, Axis Bank, NSE, Edelweiss, and GAIL. The company's key business strategy involves maintaining its market-leading position in South Central Mumbai (SCM), continuing to diversify its product offerings in the luxury segment, expanding its land reserve in SCM and other MMR sub-markets, and focusing on redevelopment projects through asset-light models.
With over 39 years of experience, Suraj Estate Developers has been a significant player in transforming Mumbai's landscape. The company specializes in redevelopment projects, holding a 61% share in SCM's redevelopment market. It has expertise in settling tenants, having redeveloped over 1,011 homes free of cost. To date, the company has launched 263 projects in SCM sub-markets, with 160 of them classified as redevelopment projects.
The strong performance in Q2 FY26 underscores the company's ability to navigate the real estate market effectively and capitalize on opportunities. As the real estate sector continues to evolve, Suraj Estate Developers is well-positioned to maintain its growth trajectory and deliver value to its stakeholders.
Frequently Asked Questions
What is the current market cap of Suraj Estate Developers?
The current market cap of Suraj Estate Developers is Rs 1,419 crore.
How much did the share price of Suraj Estate Developers increase after the Q2 results?
The share price of Suraj Estate Developers increased by 14% after the Q2 results.
What was the percentage increase in pre-sales for Suraj Estate Developers in Q2 FY26?
The pre-sales for Suraj Estate Developers increased by 89% QoQ and 42% YoY in Q2 FY26.
What are the key ongoing projects of Suraj Estate Developers?
Some of the key ongoing projects of Suraj Estate Developers include developments in Dadar West, Mahim, and Prabhadevi.
What is Suraj Estate Developers' strategy for growth in the real estate market?
Suraj Estate Developers' strategy includes maintaining a market-leading position in South Central Mumbai, diversifying its product offerings in the luxury segment, expanding its land reserve, and focusing on redevelopment projects through asset-light models.
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