Reviewed Q2 and H1 FY27 results with unmodified opinion; independent director re-appointed
Independent Director Satyendra Shridhar Nayak re-appointed for a further five years, December 03, 2026 to December 02, 2031, subject to shareholders' approval.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 17,004.41 | 14,456.30 | +17.6% | 14,471.25 | +17.5% |
| Total income | 17,108.41 | 14,542.10 | +17.6% | 14,623.04 | +17% |
| Profit before tax | 3,095.87 | 4,409.05 | −29.8% | 3,131.12 | −1.1% |
| Profit after tax | 2,306.99 | 3,309.55 | −30.3% | 2,285.08 | +1% |
| Total comprehensive income | 2,307.52 | 3,310.65 | −30.3% | 2,284.24 | +1% |
| Basic EPS | 4.98 | 7.15 | −30.3% | 4.94 | +0.8% |
- Profit after tax year ago
- 3,309.55 (−30.3%)
- Period
- Quarter ended 30-Sep-26 (Unaudited)
Also decided at the meeting
- Re-appointed Mr. Satyendra Shridhar Nayak (DIN 08194706) as Independent Director for a further five years from December 03, 2026 to December 02, 2031, subject to shareholders' approval.
Auditor's review
Conclusion: Unmodified
- Other matter: interim financial results of 5 subsidiaries and 3 partnership firms were reviewed by other auditors; conclusion not modified in respect of this matter.
Notes to the results
- Figures for the corresponding quarter/half year ended September 30, 2025, previously reported in ₹ millions, have been converted to ₹ lakhs to align with the revised unit of rounding.
What the board approved
- Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026.
- Limited Review Report from SKLR & Co. LLP, Chartered Accountants, with an unmodified opinion on both sets of results.
- Re-appointment of Mr. Satyendra Shridhar Nayak (DIN 08194706) as an Independent Director for a further period of five (5) years, with effect from December 03, 2026 to December 02, 2031, subject to shareholders' approval.
What the auditor's review says
The review was done under Standard on Review Engagements (SRE) 2410, which is narrower in scope than a full audit, so no audit opinion is expressed. The conclusion is unmodified: nothing came to the auditor's attention that suggests the statements are not prepared as required under Ind AS 34 and the listing norms. For the consolidated statement, the auditor relied on other auditors for 5 subsidiaries and 3 partnership firms, and the conclusion is not modified for that reliance.
Consolidated numbers (Rs. in lakhs)
- Revenue from operations for the quarter: 17,004.41 against 14,456.30 in the same quarter a year earlier.
- Total income: 17,108.41.
- Profit before tax: 3,095.87.
- Profit for the period: 2,306.99 against 3,309.55 a year earlier.
- Half year: Revenue from operations 31,475.66, Profit for the period 4,592.07 against 5,437.66.
- Basic earnings per share for the quarter: Rs. 4.98 against Rs. 7.15.
Standalone numbers (Rs. in lakhs)
- Revenue from operations for the quarter: 6,902.62 against 14,108.40 a year earlier.
- Total income: 8,538.91, which includes other income of 1,636.29.
- Profit before tax: 2,581.91.
- Profit for the period: 1,907.47 against 3,610.14 a year earlier.
- Half year: Revenue from operations 15,540.95, Profit for the period 3,998.36.
- Basic earnings per share for the quarter: Rs. 3.99 against Rs. 8.52.
Why the two sets differ
The consolidated statement folds in the company's subsidiaries and partnership firms, listed as Skyline Realty, Accord Estates, Iconic Property Developers, Uditi Premises, Hally Pacific and Avle Estates, plus three partnership firms. That is why consolidated revenue for the quarter (17,004.41 lakhs) is far larger than standalone revenue (6,902.62 lakhs), while the gap in profit for the period is narrower (2,306.99 lakhs consolidated against 1,907.47 lakhs standalone).
Balance sheet and cash position
- Consolidated total assets stood at 2,28,276.52 lakhs as at September 30, 2026 against 1,96,130.00 lakhs as at March 31, 2026.
- Non-current borrowings were 69,686.89 lakhs, up from 53,198.08 lakhs.
- Consolidated net cash used in operating activities for the half year was 9,883.73 lakhs, against 4,298.48 lakhs used in the same half last year.
- Proceeds of long term borrowings (net) for the half year were 14,592.83 lakhs.
A note the company makes
The company states that, given the nature of the real estate business, results for a quarter or half year may not be strictly comparable with earlier quarters or half years, and that prior period figures have been regrouped or reclassified where considered necessary.
How to read this
The headline numbers move in different directions — consolidated revenue from operations is higher than a year earlier, while profit for the period is lower on both a consolidated and standalone basis. The review opinion is clean, and the board also cleared a five-year extension for an independent director, which goes to shareholders for approval.
Also from Suraj Estate Developers
Satyendra Shridhar Nayak re-appointed Independent Director for five years, subject to shareholder approval
31 Oct 2026
Suraj Estate Developers revises Q2/H1FY27 earnings call time to 3:30 PM on November 2, 2026
30 Oct 2026
Suraj Estate Developers to hold Q2 & H1FY27 earnings call on November 2, 2026 at 2:00 PM IST
28 Oct 2026
More numbers
- Consolidated Revenue from operations, half year31,475.66
- Consolidated Profit for the period, half year4,592.07
- Standalone Revenue from operations, quarter6,902.62
- Standalone Profit for the period, quarter1,907.47
- Standalone Revenue from operations, half year15,540.95
- Independent Director re-appointment tenureFive (5) years
- Total income, latest quarter17,108.41 (₹ in Lakhs)
- Total income, year-ago quarter14,542.10 (₹ in Lakhs)
- Total income, previous quarter14,623.04 (₹ in Lakhs)
- Total comprehensive income, latest quarter2,307.52 (₹ in Lakhs)
- Total comprehensive income, year-ago quarter3,310.65 (₹ in Lakhs)
- Total comprehensive income, previous quarter2,284.24 (₹ in Lakhs)
- Profit after tax, latest quarter2,306.99 (₹ in Lakhs)
- Profit after tax, year-ago quarter3,309.55 (₹ in Lakhs)
- Profit after tax, previous quarter2,285.08 (₹ in Lakhs)
- Revenue from operations, latest quarter17,004.41 (₹ in Lakhs)
- Revenue from operations, year-ago quarter14,456.30 (₹ in Lakhs)
- Revenue from operations, previous quarter14,471.25 (₹ in Lakhs)
- Profit before tax, latest quarter3,095.87 (₹ in Lakhs)
- Profit before tax, year-ago quarter4,409.05 (₹ in Lakhs)
- Profit before tax, previous quarter3,131.12 (₹ in Lakhs)
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