Suraj Estate Q2FY27 Sales Value Up 35% to ₹206 Cr

Suraj Estate Developers reported strong unaudited financial results for Q2 and H1 FY27. Q2FY27 sales value surged 35% year-on-year to ₹206 crore, with sales area increasing by 19% to 41,487 sq. ft. Collections for the quarter rose 46% to ₹104 crore. For H1FY27, sales value grew 48% to ₹347 crore, and sales area increased 37% to 70,321 sq. ft., while collections saw a modest 2% rise to ₹190 crore. The company's project, Suraj One Business Bay, has recorded sales of approximately ₹500 crore. The company has also acquired development rights for an adjoining land parcel, expanding the project's potential GDV to ₹2,000 crore. Despite a 14% decrease in EBITDA and a 30% drop in PAT for Q2FY27 compared to the previous year, the company remains confident in achieving its FY27 pre-sales guidance of ₹700 crore.