Suraj Estate Developers Limited · NSE:SURAJEST
Suraj Estate Developers — Q1 FY26 Earnings Presentation
45 slides from Suraj Estate Developers's earnings presentation, Jul 26, 2025
Slide 1: Cover letter to stock exchanges
July 26, 2025 To To National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (East) 21 Floor, Dalal Street Mumbai — 400 051 Mumbai — 400 001 NSE Symbol: SURAJEST BSE Scrip Code: 544054 Dear Sir/ Madam, Sub: Inve
Slide 2: Suraj Estate Developers Limited Investor Presentation July 2025
W S U~ [;A ] Suraj Estate Developers Limited Investor Presentation July 2025
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Suraj Estate Developers Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitati
Slide 4: Message From The Whole Time Director
Message From The Whole Time Director Commenting on the performance for Q1FY26, Mr. Rahul Thomas, Whole Time Director, Suraj Estate Developers, said, “We recorded revenues of 133 crore and a Profit After Tax (PAT) of 321.3 crore for quarter ended June 2025. Despite limited available inventory during
Slide 5: Commercial: Key Growth Driver in FY26
Commercial : Key Growth Driver in FY26 - Initial Plan > > Strategic Change in Plan > > New Plan > Final Plot No 426-A Final Plot No 426-B Develop a larger land parcel of ~3,000 sq m Size of Land Parcel : Acquired adjoining land 1,500 sqg m parcel in December 2024 Saleable Area: 2.09 lakhs sq ft Sale
Slide 6: Q1FY26 Financial and Operational Highlights
\ M\l Ni,s? s k...‘.&,..‘_ Nu'v Q1FY26 Financial and Operational Highlights
Slide 7: Q1FY26 Operational Performance
Q1FY26 Operational Performance T Sales Area (Sq Ft) Sales Value (Rs cr) M Residential [l Commercial 27,431 25,848 140 146 16,524 81 Q1FY26 Operational Performance: . While pre-sales softened this quarter due to constrained inventory, underlying demand in the value-luxury and commercial segments rema
Slide 8: Consolidated Profit & Loss Statement
. Consolidated Profit & Loss Statement ii InRs Crs SURA) Revenue from operations 1325 133.7 136.5 549.1 Other income 0.7 1.0 0.7 4.1 Total income 133.1 134.6 -1.1% 137.2 -2.9% 553.2 Expenses Operating and project expenses 73.8 104.0 107.3 461.5 Changesin Inventory of CWIP -1.6 -43.8 -13.8 -164.9 Emp
Slide 9: Suraj - Leading Real Estate Developer in South Central Mumbai
—_— ‘Suraj’- Leading Real Estate Developer in South Central Mumbai (SCM) 1.6+ Million sq.ft. constructed in prime locations in the South-Central 19 Mumbai 45 \ \ B o Upcoming Projects Completed projects across residential & commercial segments —o f 3 8 o Years of experience in the real estate 1 0 ma
Slide 10: One of the Market Leaders in Redevelopment Projects in SCM
One of the Market Leaders in Redevelopment Projects in SCM* Sl ULl S Central Mumbai (SCM) ONE OF THE MARKET LEADERS IN REDEVELOPMENT Value Luxury —_— 1 BHK and compact 2 N BHK flats Mahim 263 Projects Launched in SCM sub-markets Matunga Dadar l l Luxury 160 (~61%) 103 (~39) 2/3/4pHK fiats el Prabhad
Slide 11: Redevelopment Expertise
Redevelopment Expertise Timelines Identification Of Land Bank (Plot Size, Title, Location, Tenant Density& FSI Scheme) Step 1 Zero Date Acquisition of land by way of Conveyance / Development Rights / JDA Step 2 4-6 Months Obtaining 51% consent of tenants for redevelopment Step 3 3 Months Obtaining 1
Slide 12: SCM: A Lucrative Micro Market In Mumbai
- SCM : A Lucrative Micro Market In Mumbai Dynamics of SCM Market 10 ONGOING PROJECTS ;57 \ Large pool of old/dilapidated buildings DEVELOPABLE AREA CARPET AREA 14,72,172 4,68,648 S Close proximityto key locations such as BKC, Worli / sea link, Lower Parel, etc By One of the few locations which allo
Slide 13: Our Journey Spanning Over 38 Years
Our Journey Spanning Over 38 Years p e D [ ] L] Incorporated as a private Completed maiden residential Delivered a building at Delivered ‘ICICI Apartments’ at Delivered 14 residential limited company project at Mahim (W) Dadar (W) to a public Dadar (W) as office quarters apartments in Dadar (W) to C
Slide 14: Proven Track Record Of Delivering Residential And Commercial Projects
.Proven Track Record Of Delivering Residential And Commercial Projects Timeline of completed projects Residential and Commercial Projects 9 8 2,04,957 240412 85,649 159,720 165418 90,386 1990-1995 1996-2000 2001-2005 2006-2010 2011-2015 2016-2023 Developed areas Consultant and Contractor Relationshi
Slide 15: Comparison Of Various Business Models In MMR Region
Comparison Of Various Business Models In MMR Region parameters Redevelopment of Tenanted Properties Redevelopment of Society Vacant Land- Normal (Conveyance/ DA) Under DCPR 33(7) Under DCPR 33(7) B Development Land Status Conveyance / DA DA Conveyance / JDA Upfront Capital Requirement Moderate Low H
Slide 16: Competitive Strengths
Cay en a ; COM PETITIVE STRENGTHS
Slide 17: Competitive Strengths
- Competitive Strengths Diversified Portfolio Across Value Marketing & Sales Strategy Luxury And Luxury Segments High Engagement Levels Through The Customer Present Across Price Points, Unit Lifecycle Create Network Effect Sizes And Sub-Markets In The SCM Experienced Board Of Directors With A Profic
Slide 18: Established Residential Real Estate Brand in SCM
- Established Residential Real Estate Brand in SCM IEEEding Market Position & Ability To Sell During Construction Phasclllil 60% Ongoing Residential Projects 16% 13% Project salale In terms of supply of 11% . s evelopa Carpet Area Unsold Sales Avg- : Collection ; units Project ble Area Area Sold Are
Slide 19: Diversified Portfolio Across Value Luxury And Luxury Segments (1/2)
- Diversified Portfolio Across Value Luxury And Luxury Segments (1/2) IBrEsent Across Price Points, Unit Sizes And Sub-Markets In SCVIN The i i Upcoming Projects |1 (N - Carpet Area For Sale Estimated Carpet Area For Sale** Total 9% 4,68,648 [t e 12,20,307 sq.ft. sq.ft. Carpet Area Sold 9% Total 4,5
Slide 20: Diversified Portfolio Across Value Luxury And Luxury Segments (2/2)
- Diversified Portfolio Across Value Luxury And Luxury Segments (2/2) I Ghgoing Projects : Presence across unit sizesand price pointsil No. of offerings 12 A4 v/ [N Value Luxury : : Luxury Ticket Size : INR 10-30 mn 1 Ticket Size : INR 30-13 mn (N} (N} 6 [ [N [N 4 4 n [N 3 1 2 (N} hH 1 1 T | [ 300-4
Slide 21: Strong Expertise In Tenant Settlement In Redevelopment Projects
- Strong Expertise In Tenant Settlement In Redevelopment Projects - Trac‘cord of Ten.SettI- Redeveloped houses for 1,011 tenants free-of-cost A 4 Preferred Redevelopment Developer Freed up considerable FSI for commercial development As most land parcels in SCM are in the nature of redevelopment proj
Slide 22: Marketing & Sales Strategies
Marketing & Sales Strategies - Marketing Team Sourcing Team Customer Centric Approach > ldentifies target market groups > Interacts with channel Continuous customer engagement during and uses promotional tools to partners to drive walk-ins and after sale and delivery strengthens attract them at the
Slide 23: Market Opportunity (1/2)
- Market Opportunity (1/2) INVINVIR is the top performer* in overall residential real estate activityiN Supply Absorption CAGR in value terms over a longer term New launches in 2024 are likely to be almost 2 times as compared to (No of units) Il VMR [ Others 2021 levels and are expected to gradually
Slide 24: Market Opportunity (2/2)
- Market Opportunity (2/2) -pmen. large, ongoing 'rtuni o High income, discerning customer base 52,000 19,642 16,502 o Aspirational value/premium product positioning units o High demand across multiple segments and price points Supply from Cessed buildings - Buildings that are redevelopment building
Slide 25: Experienced Board Of Directors
Experienced Board Of Directors... Rajan Meenathakonil Sujatha R. Thomas Rahul Rajan Jesu Thomas Elizabeth Lavanya Rajan Thomas NON-EXECUTIVE WHOLE - TIME DIRECTOR Thomas PROMOTER , CHAIRPERSON & DIRECTOR NON-EXECUTIVE DIRECTOR MD Education: Master of Liberal Arts in Education: B.A. Education: B.A. E
Slide 26: Senior Key Managerial Personnel
Senior Key Managerial Personnel Shreepal Shah Mukesh Gupta Gopal Barve CHIEF FINANCIAL OFFICER COMPANY SECRETARY CHIEF ENGINEER OF SUBSIDIARY OF THE COMPANY, ACCORD ESTATES PRIVATE LIMITED Education: B.E, MBA Education: Member of ICSI, M.com, LLB Education: B.E., associate memberof The Institute Of
Slide 27: Key Business Strategies
SiR SS =a 2G Se KEY BUSINESS STRATEGIES
Slide 28: Key Business Strategies
Key Business Strategies 1. Enhance Market Leading Position in SCM 3. Expand Land Reserves in SCM and Other MMR 5. Continue to focus on redevelopment projects Sub-markets through asset light model Upcoming projects to consolidate our positioning in SCM and expand in to Bandra sub-market o Follow flex
Slide 29: Awards and recognition
Developer of the Year Developer of the Year Brand of the Year 2020 2022 2022 By CNN- News 18 By CNBC Awaaz By CNBC-Awaaz LifeTime Achievement Developer of the Year Iconic Developer of Award to Mr Rajan Residential 2022 the Year 2022 S Thomas By Business Standard By Mid —Day By ET NOW Promising Devel
Slide 30: Historical Financials
HISTORICAL FINANCIALS \ WSR 3 SS. nceccqenentenec ng i LL eS
Slide 31: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement - Rs Crs. Particulars FY25 FY24 FY23 FY22 FY21 SURAJ Revenue from operations 549.1 412.2 305.7 272.7 240 Other income 4.1 3.5 2.1 1.2 4 Total income 553.2 415.7 307.9 273.9 244 Expenses Operating and project expenses 461.5 222.0 166 180.7 164.2 Changes in invento
Slide 32: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Particulars Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 ASSETS EQUITY AND LIABILITIES Non-current assets Equit\( — - a) Equity share capital 23.1 21.4 15.9 15.9 6.4 a) Property, plant and equipment 235 22.5 3.4 3.8 4.9 b) Other equity
Slide 33: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Rs Crs. Particulars FY25 FY24 FY23 FY22 FY21 SURA]J CASH FLOW FROM OPERATING ACTIVITIES Profit before taxes 136.1 93.9 43.2 36.2 9.0 Adjustments for Interest expenses/income, depreciation 67.6 142.3 106.7 93.8 80.3 Operating profit / (loss) before working capital cha
Slide 34: Annexures
ANNEXURES
Slide 35: Ongoing Residential Projects
- Ongoing Residential Projects The Palette Ocean Star-| Emmanuel This project is in Luxury This project is in the Luxury This project is in the Value This project is in the Value Segment and comprises of 2 Segment and comprises of 3 Luxury Segment Luxury Segment and BHK flats and 3 BHK flats BHK sea
Slide 36: Ongoing Residential Projects
- Ongoing Residential Projects Suraj Eterna Park View Suraj Lumina A value luxury project with The project comprises of both This project is in the Value round the clock security, 2BHK and 3BHK configurations Luxury Segment. It is a 20- elevators, mechanized storey tower and comprises tower parking,
Slide 37: Summary Of Ongoing Projects
- Summary Of Ongoing Projects Particulars Particulars Area Sold (Lakh Sq Ft) 454 Total Unsold Area (Lakh Sq Ft) 0.15 Average Realisation 45,528 Achieved (Rs per sq ft) Average Estimated Realisation Of Unsold Area (Rs Per Sq Ft) 50,426 Collections Received (Rs 1,295 Cr) Balance Receivable (Rs Estimat
Slide 38: Completion Targets For Ongoing Projects
-.Completion Targets For Ongoing Projects GDV of Rs 74.79 cr from unsold area of ongoing projects Balance receivables of Rs 799.53 cr to flow from FY26-FY29E from area sold and balance unsold area Eterna Park View FY26 Ocean Star FY27 Suraj Emmanuel Suraj Lumina The Palette 37 »H»
Slide 39: Ongoing Projects
_— Ongoing Projects Completion Date Developable Sale Unsold Sales Avg Collections Project Name Location Segment (As Filed with RERA) Area Carpet Area Achieved Realisation Received s 1| Vitalis Mahim (W) | Residential | Value Luxury 31-12-2026 3.49 081 | o081 - 338.39 21,553 15374 2 | surajEterna Mah
Slide 40: Strong Project Pipeline and Cash Flow Trends
- Strong Project Pipeline and Cash Flow Trends Sr. No. Project Name Location Ty, Segmen Estimated Carpet Area for sale* (lakh sq.ft) 1 Suraj Vibe (Final Plot No 426-A & Final Plot No 426-B) Mahim (W) Commercial Commercial 2.09 2 Suraj Parkview 1 Dadar (W) Residential Value Luxury 0.53 3 Suraj Aureva
Slide 41: Land Reserves
Land Reserves Name of Plot Area ) . Company’s /Entity’s Leased/ n company/entity that is R R Location effective stake in the Owned/Developmen the developer of the ect (%) . roject ights project [ 4 G Square Meters 1 C.T.S.N0.918 Mount Mary, Hill Road, Bandra (W) Accord Estates Pvt. Ltd. 100 Leasehol
Slide 42: Completed Projects
Completed Projects Company's / respective Occupation certificate for all Name of company/entity that is entity's Developed Area floors Project Name Location Type and configuration the developer of the project stake in Date of Occupation certificate project (square Yes/No (%) meter) (square feet) 1|
Slide 43: Completed Projects
Completed Projects EmRET company/entity thatis Company's/ respective entity's Developed Area . @ e AR 2] Date of Occupation floors Project Name i Location i i Type and configuration the developer of the stake iin project certificate project (square g (square feet) Yes/ No 19 | Rahul-11 Dadar (W) Res
Slide 44: Completed Projects
Completed Projects Company's / Occupation certificate for all Name of company/entity respective entity's Developed Area Project Name Location Type and configuration that is the developer of stake in project Date of Occupation floors the project certificate (square (square feet) Yes/ No meter) Glorio
Slide 45: For further information, please contact SGA Strategic Growth Advisors
For further information, please contact SGA Strategic Growth Advisors Company : Investor Relations Advisors : Suraj Estate Developers Limited Strategic Growth Advisors Pvt. Ltd. CIN - L99999MH1986PLC040873 CIN - U74140MH2010PTC204285 Mr. Ashish Samal Mr. Rahul Agarwal GM — Investor Relations rahul.a
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