Suraj Estate FY26: Commercial Scale Builds, Finance Costs Bite

For FY26, total income was 561.0 crore, EBITDA was 222.9 crore and PAT was 90.3 crore, as per the consolidated profit and loss statement.

The presentation reports FY26 sales value of 615 crore (residential 360 crore and commercial 255 crore) and states that the company achieved its FY26 pre sales guidance.

At launch, Suraj One Business Bay is stated to have GDV of about 1,200 crore. After the proposed acquisition of adjoining development rights, the combined GDV potential is stated to increase to over 2,000 crore.

The presentation estimates sold and unsold receivables from ongoing projects at about 2,105 crore and states these are expected to flow from FY26 to FY31E.

The presentation attributes the decline in PAT primarily to higher finance costs arising from recent acquisitions and ongoing business development activities.

The company highlights South Central Mumbai sub markets such as Mahim, Matunga, Dadar, Prabhadevi and Parel as its core operating micro markets, with Bandra noted as an upcoming market.