Suraj Estate Developers Limited Schedules Q2 FY27 Results

Suraj Estate Developers Limited will consider its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, at a board meeting on October 31. The Mumbai-focused developer enters the announcement after reporting Q1 FY27 total income of ₹146.2 crore, up 10% year on year, and consolidated profit after tax of ₹22.9 crore, up 7%.

When will Suraj Estate Developers announce its Q2 FY27 results?

Suraj Estate Developers has scheduled a Board of Directors meeting for October 31, 2026, to consider and approve unaudited financial results for Q2 FY27 and the first half of FY27. The reporting period covers the quarter and half-year ended September 30, 2026. The company indicated that the results would be reported at 12:08 pm Indian Standard Time on October 31.

The board meeting is the formal event at which the company is expected to approve both standalone and consolidated numbers. The source material does not provide the financial results for the September quarter in advance. Therefore, revenue, profit, pre-sales, collections and debt figures for Q2 FY27 remain pending the board's approval and release.

Suraj Estate Developers has also called an investor and analyst discussion for November 2, 2026, at 2:00 pm IST. The call is intended to discuss Q2 and H1 FY27 operational and financial performance. The company has invited participants to pre-register and has provided dial-in details for the session.

What did Suraj Estate Developers report in Q1 FY27?

Suraj Estate Developers reported total income of ₹146.2 crore for the April-June 2026 quarter, a 10% increase from the corresponding quarter a year earlier. Consolidated profit after tax rose 7% year on year to ₹22.9 crore, while the company reported earnings per share of ₹4.94, compared with ₹4.60 in Q1 FY26.

The company said sales value increased 74% year on year to ₹141 crore in Q1 FY27. Sales area also rose 74% to 28,834 square feet. Residential sales accounted for ₹82 crore and commercial sales contributed ₹59 crore, according to the disclosed operating update.

Collections were reported at ₹115 crore in one quarterly summary, while the company statement on Q1 sales momentum cited collections of ₹86 crore. Both figures are presented in the supplied material, but the difference is not explained. Investors will likely look to the Q2 and H1 disclosures for updated collection data and clarification of the operating metrics.

What is Suraj Estate Developers' FY27 launch plan?

Suraj Estate Developers has guided for an FY27 launch pipeline of about ₹1,600 crore. Management indicated that approximately ₹240 crore of launches were planned in Q2, ₹800 crore to ₹880 crore in Q3, and about ₹480 crore in Q4. The plan includes projects named Suraj Nova and Madonna in the supplied material.

The company also cited expected approvals for Suraj Innova CC and RERA-related processes. Project launches in real estate depend on required approvals and execution schedules, so the launch pipeline represents management guidance rather than reported revenue. The October 31 results and the November 2 call may provide an update on the status of these projects.

Management has guided for FY27 accounting revenue growth of 10% to 15% over the previous financial year. Separately, a forecast cited in the source material estimates revenue growth of 16% a year on average over the next two years, compared with a 23% growth forecast for India's real estate industry. These are forward-looking estimates and are not reported results.

Why are Q2 FY27 results important for Suraj Estate Developers investors?

Suraj Estate Developers' Q2 FY27 release will show whether the Q1 increase in sales value and total income translated into sustained financial performance during the first half. It will also provide updated information on the developer's project execution in South and Central Mumbai, where it focuses on redevelopment and premium residential and commercial properties.

Debt and cash collections will be relevant points in the update. Net debt was reported at ₹614 crore as of June 2026, following land acquisitions including an ₹18 crore purchase in Dadar West. A developer's funding position can be affected by land purchases, construction spending, customer collections and the timing of sales recognition.

The company reported a 16% profit margin in Q1 FY27, in line with Q1 FY26, based on the earnings summary in the source material. The September-quarter release can show whether margins remained stable while the company pursued its stated launch pipeline. Until then, there is no confirmed Q2 FY27 revenue or profit figure to assess.

How does the upcoming result fit Suraj Estate Developers' recent performance?

The upcoming result follows a mixed recent financial backdrop. The source material states that standalone revenue from operations declined 20.3% year on year to ₹404.10 crore in FY26 and that Q4 FY26 revenue declined 62.3% year on year to ₹49.10 crore. These figures provide context for management's 10% to 15% FY27 accounting revenue growth guidance.

Earlier reported Q2 FY26 operating data showed pre-sales of about ₹153 crore, with carpet area sold of 34,875 square feet. The source material also reported total income of ₹145.40 crore and profit after tax of ₹33.10 crore for that period. Those historical figures are separate from the Q2 FY27 results that are due to be considered on October 31.

For the broader real estate sector, launch timing, approvals and sales conversion remain important operating indicators. Suraj Estate Developers' disclosures have highlighted demand in premium residential and commercial segments of South and Central Mumbai. The next results release will provide the company's latest reported evidence on sales, collections, launches and financial performance.

Conclusion

Suraj Estate Developers is set to place its Q2 and H1 FY27 financial statements before the board on October 31, following a first quarter in which total income rose 10% to ₹146.2 crore and consolidated PAT increased 7% to ₹22.9 crore. The announcement is significant because it will update investors on whether stronger Q1 sales value has continued through the first half.

The main items to watch are the reported September-quarter revenue and profit, collections, net debt, and progress on the ₹1,600 crore FY27 launch pipeline. Management's investor and analyst call on November 2 is the scheduled forum for further discussion of Q2 and H1 FY27 operating and financial results.