Suraj Estate Developers Limited (SURAJEST) Earnings Call Transcripts

Suraj Estate Developers Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Suraj Estate Developers Limited reported total income of INR 101 crores and a PAT of INR 11 crores, reflecting a strong operational year with presales increasing by 23% YoY to INR 615 crores, surpassing the guidance of INR 600 crores. The company maintained a positive outlook on the Mumbai real estate market, driven by sustained demand across residential and commercial segments. Management indicated that they are optimistic about future growth, particularly with new acquisitions and ongoing projects, although they acknowledged rising debt levels due to strategic investments.

Reported metrics

Guidance from management

Management plans to provide detailed guidance for FY '27 in the next call, indicating expectations for improved performance driven by new project launches.

What management said

So on the online -- ongoing portfolio unsold inventory, we are estimated to -- considering the current market value is close to INR 1,100 crores. For the unsold -- for the upcoming portfolio of projects, 12 lakh, 12,000 square feet is the total carpet area, which, on an average at INR 60,000 translates to close to INR 7,500 crores, INR 7,600 crores.

Yes. Considering the weighted average price per square feet, we have estimated because out of that INR 2.76 lakh is from Bandra, which is the current market rate going on in that micro market is INR 1 lakh to INR 1,50,000.

What analysts pressed on

Analysts expressed concerns about rising debt levels and their impact on financial stability. There were also questions regarding the declining average realization and the potential slowdown in residential sales due to limited inventory.

Main topics on the call

• Strong Presales Performance — Suraj achieved presales of INR 615 crores, exceeding guidance of INR 600 crores, with a 23% YoY increase. Management stated, "Sales area during the year grew by 42% year-on-year to 1.31 lakhs square feet," indicating rob...
• Debt Levels and Financial Strategy — The company's net debt increased to INR 579.91 crores, driven by acquisitions and project investments. Management noted, "The increase in debt levels was primarily driven by the company's continued focus on business deve...
• Operational Momentum in Commercial Real Estate — The commercial segment showed strong leasing activity, with management highlighting, "We see strong momentum in commercial." This is expected to contribute significantly to future revenues.
• Acquisition of Development Rights — The company signed an MOU for a land parcel expected to generate an additional GDV of INR 800 crores. This acquisition is seen as a strategic move to strengthen their market position in South Central Mumbai.

Read the full Suraj Estate Developers Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 7 Suraj Estate Developers Limited earnings call transcripts on record, spanning November 18, 2024 to June 1, 2026. Based on this history, Suraj Estate Developers Limited reports quarterly. The most recent call on file is dated June 1, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SURAJEST

Exchange

NSEI

Country

IN

Sector

Real Estate

Industry

Real Estate Management and Development

Calls on record

7

First call

November 18, 2024

Most recent

June 1, 2026

Reporting cadence

quarterly