Suraj Ltd. Share Price

Suraj Estate Q2 Revenue Rises as Profit Declines

SURAJEST ESTATE DEVELOPERS: The company reported consolidated net profit of ₹23 crore in Q2, compared with ₹33.1 crore in the corresponding quarter of the previous year, registering a year-on-year decline of approximately 30.5%. The quarterly results reflect a moderation in reported profitability despite an increase in revenue during the period. Revenue for Q2 stood at ₹170 crore, compared with ₹144 crore in the year-ago quarter, recording growth of approximately 18.1% year-on-year. The increase indicates higher reported revenue compared with the corresponding period of the previous financial year and provides an update on the company's business performance during the quarter. On the operating front, EBITDA declined to ₹55.4 crore in Q2 from ₹64.7 crore in the corresponding quarter last year, representing a decrease of approximately 14.4% year-on-year. EBITDA margin also contracted to 32.59% from 44.79%, reflecting a decline of 12.20 percentage points. This indicates that operating profitability, as measured by EBITDA margin, was lower compared with the year-ago period. The reported figures show a mixed quarterly performance, with revenue recording year-on-year growth while net profit and EBITDA declined. The contraction in EBITDA margin also highlights a change in operating profitability during the reporting period. However, the information provided does not include details on project-wise revenue, sales bookings, operating costs, exceptional items or management commentary explaining the movement in margins and profitability. Further details from the company's financial statements may provide additional context on the factors influencing its quarterly performance and the outlook for upcoming periods. This information is shared strictly as a corporate and market update for informational purposes and should not be considered investment advice, research analysis, or a recommendation to buy or sell any security.

INVESTOR UPDATE: STRATEGIC ASSET ACQUISITION

SURAJEST Subject: Suraj Estate Developers Secures Prime Mahim Land Rights, Unlocking ₹800 Crore GDV Potential Executive Summary Suraj Estate Developers Limited is pleased to announce a highly value-accretive acquisition executed through its wholly-owned subsidiary, Iconic Property Developers Private Limited. The company has successfully completed and registered a development agreement for a premium 2,941-square-meter land parcel located in Mahim (West), Mumbai. Secured with a total strategic investment of ₹82.72 crore, this transaction significantly reinforces the company's robust project pipeline and growth trajectory in the highly sought-after South-Central Mumbai real estate market. Strategic Rationale & Synergies The core value proposition of this acquisition lies in its strategic geographical positioning. The newly acquired plot is directly contiguous to the company’s ongoing flagship commercial development, Suraj One Business Bay. This crucial adjacency allows for the seamless amalgamation of the two land parcels. For stakeholders, this strategic consolidation translates into optimized architectural master planning, enhanced economies of scale during the construction phase, and the creation of a more expansive, dominant commercial destination. This move aligns perfectly with management's core strategy of deepening the company's footprint in high-barrier, high-yield urban micro-markets. Management Outlook The ₹82.72 crore capital deployment underscores a disciplined approach to capital allocation, targeting assets that offer exceptional operational synergies and strong asymmetric upside. By successfully securing these development rights, Suraj Estate has effectively fortified its near-to-medium-term operational pipeline. Management remains sharply focused on accelerating the development lifecycle of the expanded Suraj One Business Bay project to maximize sustained cash flows and long-term shareholder value.

Suraj Estate Developers (SURAJEST) stock rose sharply today

SURAJEST Suraj Estate Developers (SURAJEST) stock rose sharply today, gaining around 7–9% on BSE and NSE after announcing strong Q2 FY26 results with a 55% jump in net profit and robust operating margins. The company also highlighted upcoming fundraising plans of ₹500 crore to fuel expansion. 📊 Suraj Estate Stock Performance (18 Sept 2026) BSE Price: ₹192.30 (+7.55%) NSE Price: ₹192.79 (+8.68%) Day Range: ₹177.05 – ₹194.85 52-Week Range: ₹166.20 – ₹318.30 Trend: Despite today’s rally, long-term technicals remain bearish. 🧾 Q2 FY26 Results Highlights Total Income: ₹144.56 crore (+9.13% QoQ, +32.52% YoY) Operating Profit: ₹63.70 crore (+31.44% QoQ) Net Profit (PAT): ₹33.09 crore (+55.51% QoQ) Operating Margin: 44.06% (strong efficiency) EPS: ₹7.15 (up 57.84% QoQ, slightly down YoY) Expenses: Operating expenses fell 3.74% QoQ, aiding margin expansion.

Suraj Industries strategic alliance

Suraj Industries Ltd. has announced a highly positive strategic shift through its subsidiary, CARYA. By securing a contract manufacturing deal with industry giant Radico Khaitan, the company secures reliable, high-volume capacity utilization for its Rajasthan bottling facility. Concurrently, the imminent commissioning of its 125 KLPD grain-based distillery in July–August 2026 marks a major milestone in its backward integration strategy.   Producing its own Extra Neutral Alcohol (ENA) allows CARYA to insulate itself from raw material market shocks, lower manufacturing costs, and significantly boost operating margins. With equipment installation completed via engineering leader Praj Industries, execution risk is low. This transitions the company from a simple contract-bottling regional player to a highly efficient, integrated liquor enterprise. Expect these margin and volume benefits to accurately reflect in corporate earnings starting Q3 FY27, making this a fundamentally transformational event for long-term shareholder value.

!Suraj Estate: Guidance -- Concall Update Management reported that FY '26 pre-sales of INR615 crores surpassed their guidance of INR600 crores. Guidance for FY '27 accounting revenue and EBITDA will be provided in the next call, though management expects to perform "much better" than FY '26. Blended EBITDA margins for upcoming projects are expected to be maintained at 35% to 40%. The average realization for FY '27 is projected to be in the range of INR45,000 to INR50,000 per square foot. Net debt for FY '27 is estimated to be between INR600 crores to INR650 crores, despite potential temporary increases due to new project launches.

Suraj Limited Announces FY26 Audited Results

📊 SURAJLTD has approved its standalone and consolidated audited FY26 financial results, reporting standalone PAT of ₹725.97 lakh for the year ended March 31, 2026, compared to ₹1,170.67 lakh in FY25.