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Earnings Call

Suraj Estate Developers Earnings Call: Key Takeaways

Suraj Estate Q4/FY26 earnings call: Company achieved strong operational growth, exceeding presales guidance and pivoting toward higher-margin commercial projects in South Central Mumbai.

Why this was an Alfa AlertNot a filter event. Presales beat guidance (₹615cr vs ₹600cr) by 2.5%, which is below the 10% threshold.
Highlights
Revenue growthFY26 income up slightly to ₹561cr from ₹553cr YoY.
MarginsEBITDA margins improved to 39.7% from 37.4% YoY.
Order bookBalanced receivables of ₹2,105cr from sold and unsold ongoing areas.
Demand visibilityHealthy traction in value luxury and commercial office leasing.
Management confidenceStrong confidence in commercial pivot and South Central Mumbai demand.

Growth

FY26 presales grew 23% to ₹615cr; total income reached ₹561cr. EBITDA rose to ₹223cr with margins at 39.7%.

Outlook

Targeting FY27 residential realization of ₹45k-50k/sqft and maintaining 35% margins. Launching ₹1,400cr+ GDV pipeline including commercial projects.

Risks

Rising debt levels (₹580cr), high finance costs at 13%, and inflationary pressures on raw materials.

Last quarter's promises, checked

Delivered

  • Guided ₹600cr presales → delivered ₹615cr (= BEAT)
  • Guided 35% blended margin → delivered 39.7% (= BEAT)
  • Guided 1.03 lakh sqft 9M sales → delivered 1.31 lakh sqft FY (= BEAT)

Partly delivered

  • Guided H2 residential launches → some spilled to FY27 (= PARTIAL)
Source

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

Read the document ↗

Suraj Estate Developers Ltd: key numbers

Share price
₹188.92
Market cap
₹902.5 Cr
Revenue (annual)
₹555.9 Cr
Net profit (annual)
₹90.28 Cr
P/E (TTM)
11.0×Sector 38.0×
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.

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