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Suraj Estate Developers, a Mumbai-based realty firm, reported a 4% rise in profit after tax to INR 33.1 crore for the September quarter, up from INR 31.8 crore last year, driven by new project launches across prime city locations. Total income grew 32.6% year-on-year to INR 145.4 crore, while pre-sales surged 89% quarter-on-quarter and 42% year-on-year to INR 153 crore, led by the launches of Suraj Aureva (Prabhadevi) and Suraj Parkview 1 (Dadar West). Director Rahul Thomas said the firm is on track to meet its FY26 launch target of INR 2,000 crore GDV, including a commercial project worth INR 1,200 crore, reinforcing its strong growth momentum in Mumbai's real estate market.
Mumbai-based Suraj Estate Developers recently announced that its profit after tax grew by 4% to INR 33.1 crore for the September quarter, compared with INR 31.8 crore in the same period a year ago. The rise was attributed to new project launches across key city locations. Advertisement
The company's total income increased by 32.6% to INR 145.4 crore during the second quarter of FY 2025-26, compared to INR 109.6 crore recorded in the corresponding quarter of the previous financial year.
Pre-sales witnessed an 89% rise on a quarter-on-quarter basis and a 42% increase year-on-year, reaching INR 153 crore. This growth was primarily driven by the successful launches of Suraj Aureva at Prabhadevi and Suraj Parkview 1 at Dadar (West).
Rahul Thomas, the company's Whole-Time Director, noted that the quarter reflected strong operational momentum and reaffirmed the brand's strength in South-Central Mumbai. He mentioned that Suraj Estate Developers remained on track to achieve its FY26 launch target of INR 2,000 crore in gross development value, which includes INR 1,200 crore from its upcoming commercial project expected to launch in November 2025. He further emphasised the firm's focus on sustained growth, consistent execution, and long-term value creation for stakeholders.
Suraj Estate Developers continued its steady financial performance in the September quarter, supported by successful residential launches and rising sales momentum. With total income and pre-sales showing substantial growth, the developer is maintaining its trajectory towards its FY26 launch goals. The company's forthcoming commercial project is expected to further strengthen its portfolio and reinforce its position within the Mumbai real estate market.
Source: PTI
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