Suraj Estate Developers' Shares Surge 14% on Strong Q2 Results
Suraj Estate Developers Ltd, a prominent real estate construction firm in South Central Mumbai, saw its shares skyrocket by 14% after reporting robust Q2 results. The company's pre-sales and carpet area sold grew by 89% and 111% respectively, signaling strong demand for its new projects.
Real EstateSuraj Estate DevelopersQ2 ResultsShare PriceRedevelopmentReal EstateOct 28, 2025
Q2 Result Highlights
Suraj Estate Developers' Q2 results were particularly impressive. Pre-sales grew by 89% quarter-on-quarter (QoQ) and 42% year-on-year (YoY) to Rs 153 crore. The carpet area sold increased by 111% QoQ and 57% YoY to 34,875 square feet. This growth was driven by the successful launches of Suraj Aureva and Parkview 1, both of which saw strong demand, with 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% growth QoQ from Rs 31.8 crore in Q2 FY25 and Rs 21.3 crore in Q1 FY26, respectively. Total revenue increased by 9.2% QoQ and 32.6% YoY to Rs 145 crore, while EBITDA grew by 30.4% QoQ and 2.5% YoY to Rs 65.6 crore. The EBITDA margin improved from 37.7% to 45% on a QoQ basis, although it was lower than the 58% margin in Q2 FY25.
About the Company and Outlook
Suraj Estate Developers has several ongoing residential projects in Mumbai, including developments in Dadar West, Mahim, and Prabhadevi. The company's clientele includes notable institutions such as ICICI Bank, Axis Bank, NSE, Edelweiss, and GAIL. The company's key business strategy involves enhancing its market-leading position in South Central Mumbai (SCM), pursuing different 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.
Suraj Estate Developers has been transforming Mumbai's landscape for over 39 years, specializing in luxury and commercial projects in coveted locations. The company has a 61% share in SCM’s redevelopment market and has expertise in settling tenants, with over 1,011 homes redeveloped free of cost. It has launched 263 projects in SCM sub-markets, with 160 of them categorized as redevelopment.
The company's strong performance and strategic focus on redevelopment projects position it well for future growth. Investors are optimistic about the company's prospects, given its track record of successful project launches and strong demand in the market.
Frequently Asked Questions
What is the current market cap of Suraj Estate Developers Ltd?
The current market cap of Suraj Estate Developers Ltd is Rs 1,419 crore.
How much did the share price of Suraj Estate Developers Ltd increase after the Q2 results?
The share price of Suraj Estate Developers Ltd increased by 14% after the Q2 results.
What is the EBITDA margin of Suraj Estate Developers in Q2 FY26?
The EBITDA margin of Suraj Estate Developers in Q2 FY26 is 45%, an improvement from 37.7% in Q1 FY26.
What are the key business strategies of Suraj Estate Developers?
The key business strategies of Suraj Estate Developers include enhancing the market-leading position in South Central Mumbai (SCM), pursuing different product offerings in the luxury segment, expanding land reserves in SCM and other MMR sub-markets, and focusing on redevelopment projects through asset-light models.
How many projects has Suraj Estate Developers launched in the SCM sub-markets?
Suraj Estate Developers has launched 263 projects in the SCM sub-markets, with 160 of them categorized as redevelopment projects.
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