Suraj Estate Developers Ltd. today announced its financial results for the fiscal year ended March 31, 2025. The company reported strong operational and financial performance, driven by increased unit sales, higher price realization, and enhanced operational efficiency.
Commenting on the performance, Rahul Thomas, Whole-Time Director at Suraj Estate Developers, said,"FY25 was a remarkable year for us. While the strategic reconfiguration and consolidation of selected land parcels led to some delays in project launches, these steps have significantly enhanced the efficiency and long-term value of our project layouts. We saw strong, broad-based momentum across our portfolio — spanning luxury, value-luxury, and commercial segments. We are optimistic that the deferred commercial project along with few residential projects delayed due to regulatory approvals will be launched in H1FY26.
During the year, we raised Rs 343 crore, which was fully utilized towards acquiring commercial land, working capital and paying for additional FSI.
We recently acquired a ~390 square meter land parcel at Shivaji Park for Rs 4.75 crores where we plan to develop a luxury project with an estimated GDV od Rs 80 crores offering scenic sea views alongside excellent metro connectivity.
Our net debt rose from Rs 360 crores in December 2024 to Rs 414 crores in March 2025, driven by fund requirements for the launch of upcoming projects, including commercial project at Mahim, ParkView-1, Kowliwadi & Kripasiddhi project, project at Marinagar and land acquisition at Shivaji Park.
As we look ahead to FY26, we are excited about a robust launch pipeline, including a marquee commercial development in Mahim and multiple value-luxury projects in Mahim and Dadar. Our deep expertise in redevelopment under DCPR 33(7) continues to reinforce our leadership position in the South-Central Mumbai market.
With a calibrated strategy, a robust pipeline, and supportive market fundamentals, we are well-positioned to drive sustained growth and deliver long-term value to all our stakeholders.”
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Looking ahead to FY26, the company plans to launch residential and commercial projects with a Gross Development Value (GDV) of approximately Rs 2,000 crore, which is expected to significantly boost growth prospects.
