Suraj Estate Developers Reports FY26 Results

Suraj Estate Developers' net profit for the financial year ended March 31, 2026, stood at ₹90.3 crore, a 9.9% decrease from ₹100.2 crore in FY25.

Reader Takeaway: Operational growth masked by higher finance costs impacting net profit.

What just happened

Suraj Estate Developers Limited announced its audited financial results for FY26. The company reported a revenue of ₹555.9 crore, a slight increase of 1.2% from ₹549.1 crore in FY25. EBITDA grew by 7.8% to ₹222.9 crore from ₹206.7 crore. However, Profit After Tax (PAT) declined by 9.9% to ₹90.3 crore from ₹100.2 crore in the previous fiscal.

Why this matters

The decline in net profit is primarily attributed to a significant rise in finance costs, which increased from ₹65.7 crore in FY25 to ₹92.5 crore in FY26. This higher borrowing cost, linked to expansion activities, is impacting the company's bottom line despite operational improvements. Earnings Per Share (EPS) also saw a reduction from ₹21.80 to ₹19.51.

The backstory

Suraj Estate Developers focuses on the redevelopment sector, particularly in South Central Mumbai. As of the end of FY26, the company has a portfolio of 13 ongoing projects and plans for 18 upcoming projects, indicating a strategy geared towards future growth and revenue visibility.

What changes now

While the company demonstrates operational strength with revenue and EBITDA growth, the higher finance costs present a challenge to profitability. Investors will be watching how the company manages its debt and leverages its expanded project pipeline to drive future earnings.

Risks to watch

The primary concern is the rising finance costs, which could continue to pressure profitability. Investors will monitor if the investments in new projects translate into successful execution and revenue generation to offset these costs.

Peer comparison

(No verified peer comparison data available in the filing.)

Context metrics (time-bound)

Revenue from operations: ₹555.9 crore (FY26) vs ₹549.1 crore (FY25).
EBITDA: ₹222.9 crore (FY26) vs ₹206.7 crore (FY25).
Profit After Tax: ₹90.3 crore (FY26) vs ₹100.2 crore (FY25).
Finance costs: ₹92.5 crore (FY26) vs ₹65.7 crore (FY25).
EPS: ₹19.51 (FY26) vs ₹21.80 (FY25).
Ongoing Projects: 13 (FY26).
Upcoming Projects: 18 (FY26).

What to track next

Investors should monitor the company's debt levels, the successful execution of its 18 upcoming projects, and the impact of finance costs on future profitability.