Monday, 2 November 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

Suraj Estate Developers Earnings Call Transcript: Key Takeaways

Suraj Estate reports strong Q2 growth driven by residential traction and the 'Suraj One Business Bay' commercial project launch.

Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growthTotal income grew 18% YoY to ₹171 Cr in Q2 FY27.
MarginsEBITDA margins remain healthy at 33% for the quarter.
Order bookOngoing projects have ₹1,876 Cr in estimated future receivables.
Demand visibilityStrong demand in South Central Mumbai's value-luxury and commercial segments.
Management confidenceConfident, highlighting strong market traction and a robust project pipeline.

Growth

Q2 sales value grew 35% YoY to ₹206 Cr; H1 sales value grew 48% to ₹347 Cr.

Outlook

Management reiterated FY27 pre-sales guidance of ₹700 Cr and expects debt reduction of ₹150 Cr by year-end.

Risks

Rising debt levels at ₹710 Cr net debt and high concentration in South Central Mumbai micro-market.

Last quarter's promises, checked

Delivered

  • Guided ~10–15% FY27 revenue growth → Q2 total income +18% YoY (qtr only) (= BEAT)

Partly delivered

  • Guided ₹700 Cr FY27 presales → H1 ₹347 Cr (= PARTIAL)
  • Guided debt to rise temporarily, then fall → net debt ₹614 Cr (Jun) → ₹710 Cr (Q2), no decline yet (= PARTIAL)

Missed

  • Guided Q2 launches ₹240 Cr (Nova ₹180 Cr, Madonna ₹60 Cr) → none launched, both still upcoming (= MISS)
  • Guided 35–37% EBITDA margin → Q2 33% (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: SURAJEST. Summary written with AI assistance from the document.

Read the document ↗

Suraj Estate Developers Ltd: key numbers

Share price
₹181.00
Market cap
₹864.7 Cr
Revenue (annual)
₹555.9 Cr
Net profit (annual)
₹90.28 Cr
P/E (TTM)
10.6×Sector 34.4×
Promoter holding
69.80%+0.00% QoQ
FII holding
2.14%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Suraj Estate Developers Ltd

All →