Suraj Estate Posts Strong Q3FY26 Sales Growth

30 Jan 2026 CW Team

Suraj Estate Developers Limited, a real estate developer focused on South-Central Mumbai, reported robust operational performance for the quarter ended December 2025, led by strong commercial sales and steady execution across its redevelopment portfolio.

During Q3FY26, the company recorded sales value of Rs 2,530 million, marking a year-on-year growth of 137 per cent, while sales area stood at 51,826 sq ft, up 211 per cent. Collections for the quarter rose 48 per cent year-on-year to Rs 1,240 million. For the nine months ended FY26, sales value increased 38 per cent year-on-year to Rs 4,870 million, with sales area rising 56 per cent to 1.03 lakh sq ft.

On a consolidated basis, total income in Q3FY26 grew 6 per cent year-on-year to Rs 1,815 million, while profit after tax increased 26 per cent to Rs 252 million. EBITDA margin for the quarter stood at 30.3 per cent.

During the quarter, the company launched Suraj One Business Bay, achieving around 40,000 sq ft of sales within 45 days, translating into sales value of about Rs 2,000 million. Suraj Estate also acquired two land parcels in Bandra West to strengthen its residential development pipeline and was awarded the Euromoney Real Estate Award 2025 for India’s Best Residential Developer.

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