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Earnings Call Transcript

Suraj Estate Developers Earnings Call Transcript: Key Takeaways

Suraj Estate reports 10% revenue growth in Q1FY27, but rising debt levels and slowing residential sales volume signal growing execution and leverage risks.

Guidance and delivery
Management target Revenue 15.0% FY27
Highlights
Revenue growth10% YoY growth, reaching 146 Cr in Q1 FY27.
MarginsEBITDA margins stable at 37.5%; guided 35-37% for two years.
Order book950 Cr unsold inventory; strong pre-sales visibility for FY27.
Demand visibilityStrong traction in South Central Mumbai redevelopment and commercial segments.
Management confidenceOptimistic about luxury demand despite rising leverage and debt profile.

Growth

Revenue grew 10% YoY; residential sales area grew 74% but average realization remains flat.

Outlook

Guided 1600 Cr launch pipeline and 700 Cr pre-sales target for FY27.

Risks

Net debt increased to 614 Cr for land acquisitions; high concentration in South Central Mumbai.

Last quarter's promises, checked

Delivered

  • Guided FY26 presales 600 Cr → delivered 615 Cr (= BEAT)

Partly delivered

  • Guided 1600 Cr GDV launches → Suraj Nova/Madonna still awaiting RERA (= PARTIAL)

Missed

  • Guided Net Debt 600-650 Cr → delivered 614 Cr in Q1FY27 (= MISS/Rising Risk)
Source

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

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Suraj Estate Developers Ltd: key numbers

Share price
₹221.75
Market cap
₹1,059 Cr
Revenue (annual)
₹555.9 Cr
Net profit (annual)
₹90.28 Cr
P/E (TTM)
11.5×Sector 35.8×
Promoter holding
69.80%+0.00% QoQ
FII holding
1.31%Current quarter

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

More from Suraj Estate Developers Ltd

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17:35 IST BSE
Acquisition

Suraj Estate Developers Acquisition Worth ₹82.72 Cr

Suraj Estate Developers' subsidiary completed the acquisition of land development rights in Mahim (West), Mumbai, for an investment of ₹82.72 Crores to expand its commercial project.

Value
₹82.72 Cr
saleable carpet area
1.5 lakh sq ft
17:48 IST NSE
Price Movement Clarification

Suraj Estate Developers Price Movement Clarification

Suraj Estate Developers clarified that the recent price movement in its securities is market-driven and not due to any undisclosed material information or developments.

17:01 IST BSE
Other Announcement

Suraj Estate Developers Other Announcement

KMP Shreepal Shah acquired 5,300 equity shares of Suraj Estate Developers Ltd via market purchases. The total value of these transactions is approximately ₹0.09 Crore.

Value
₹0.09 Cr
17:11 IST BSE
Other Announcement

Suraj Estate Developers Other Announcement

Suraj Estate Developers informs shareholders of the weblink to access the Annual Report for FY 2025-26 and the 40th Annual General Meeting notice.

17:40 IST BSE
Other Announcement

Suraj Estate Developers Other Announcement

KMP Shreepal Shah acquired 2,800 equity shares of Suraj Estate Developers through market purchases totaling ₹0.05 Crore.

Value
₹0.05 Cr
17:42 IST BSE
Annual General Meeting

Suraj Estate Developers Annual General Meeting

Suraj Estate Developers Limited has issued the notice for its Annual General Meeting scheduled for September 30, 2026.