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ANIRepresentational image Realty developer Suraj Estate Developers has recorded a 42% year-on-year increase in pre-sales to Rs 153 crore for the quarter ended September, supported by new projects in South-Central Mumbai. Sequentially, pre-sales rose 89% from Rs 81 crore in the previous quarter.The company sold 34,875 sq ft of carpet area during the quarter, up 57% on-year and 111% sequentially, the listed company said in a release.Total income for the quarter rose 33% on-year to Rs 145 crore, while EBITDA increased 2.5% to Rs 65.6 crore. On a sequential basis, EBITDA grew 30% from Rs 50.3 crore in the first quarter of 2025-26.Operating margin improved to 45% from 37.7% in the previous quarter, while net profit stood at Rs 33.1 crore, up 4% on-year and 56% sequentially, translating into a PAT margin of 23%.“Our performance this quarter reflects Company’s strong execution focus, healthy sales momentum, and strategic portfolio expansion. We are confident of sustaining this growth trajectory… We remain firmly on track to achieve our FY26 launch target of Rs 2,000 crore GDV, including Rs 1,200 crore from our upcoming commercial project,” said Rahul Thomas, Whole Time Director, Suraj Estate Developers.Live EventsThe growth was supported by launches of its new projects in Prabhadevi and Dadar (west). The Prabhadevi project, with a saleable area of 0.24 lakh sq ft and a gross development value (GDV) of Rs 120 crore, achieved 39% sales. The Dadar project, with a saleable area of 0.53 lakh sq ft and a GDV of Rs 250 crore, recorded 42% sales, the company said.The developer has acquired an adjoining land parcel expanding its Ambavat Bhavan and RK Mansion project in Lower Parel, increasing the total saleable area to 0.32 lakh sq ft with a combined GDV of around Rs 130 crore.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onsuraj estate developersSuraj Estate Developersreal estateEBITDAcommercial projectgross development valuerealty developer (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onsuraj estate developersSuraj Estate Developersreal estateEBITDAcommercial projectgross development valuerealty developer(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
