SURAJEST : ONE BUSINESS BAY GDV POTENTIAL AT RS 206 CR AFTER ADJOINING LAND BUY

• Q2 FY27 sales value ₹206 Cr vs ₹153 Cr a year ago, up 35% YOY; collections ₹104 Cr, up 46% • H1 FY27 sales value ₹347 Cr, up 48% YOY, against FY27 presales guidance of ₹700 Cr • Acquired development rights for the adjoining land parcel at Suraj One Business Bay (~₹85 Cr); combined project GDV potential now ~₹2,000 Cr vs ~₹1,200 Cr earlier • Combined project saleable area 3.59 lakh sqft; ~₹500 Cr of inventory sold at the Mahim project since launch • Q2 FY27 total income ₹171 Cr, up 18% YOY; EBITDA ₹56 Cr at 33% margin; PAT ₹23 Cr vs ₹33 Cr • Gross debt ₹800 Cr and net debt ₹710 Cr as of September 30, 2026; cost of debt ~13-13.25%, targeting ~₹600 Cr net debt by FY27 end

Suraj Estate Developers Ltd

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