| Management target | Revenue FY27 |
|---|
| Revenue growth | Total income grew 18% YoY to ₹171 Cr in Q2 FY27. |
|---|---|
| Margins | EBITDA margins remain healthy at 33% for the quarter. |
| Order book | Ongoing projects have ₹1,876 Cr in estimated future receivables. |
| Demand visibility | Strong demand in South Central Mumbai's value-luxury and commercial segments. |
| Management confidence | Confident, 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)
Earnings Call Transcript filed with NSE, NSE: SURAJEST. Summary written with AI assistance from 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.
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- Key figure
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