Suraj Estate Developers Limited

rs,

Director Commenting on the performance, Mr. Rahul Thomas, Executive Director, Suraj Estate Developers, said, “A key indicator of economic vitality, the real estate sector, has displayed resilience with

200 basis point

eased sales volumes across key demand markets and segments. With interest rates increasing by over 200 basis points from the lows of 2021, the sector has seen expansion in property values, emphasizing the robustne

Rs 143 crore

ong quarter wherein we have had pre-sales of 35,537 sq ft of area translating to a sales value of ~Rs 143 crores. Our effective cost control measures led to a growth of 10% in our EBITDA thereby improving our m

10%

slating to a sales value of ~Rs 143 crores. Our effective cost control measures led to a growth of 10% in our EBITDA thereby improving our margins by ~400 bps. We have repaid high- cost debt to the tun

400 bps

ctive cost control measures led to a growth of 10% in our EBITDA thereby improving our margins by ~400 bps. We have repaid high- cost debt to the tune of Rs 285 crores in the month of December 2023 using t

Rs 285 crore

ur EBITDA thereby improving our margins by ~400 bps. We have repaid high- cost debt to the tune of Rs 285 crores in the month of December 2023 using the IPO proceeds. An additional Rs 23.5 crores of unsecured d

Rs 23.5 crore

t to the tune of Rs 285 crores in the month of December 2023 using the IPO proceeds. An additional Rs 23.5 crores of unsecured debt is repaid from gross collection proceeds, resulting in lower interest costs and

Rs 106.1

Y24 Financial and Operational Highlights Q3FY24 Operational & Financial Performance Total Income* Rs 106.1 crs EBITDA Rs 69.7 crs EBITDA Margin 65.8% PAT Rs 16.5 crs Sales Mix (Q3FY24) Sales Area (Sq Ft

Rs 69.7

rational Highlights Q3FY24 Operational & Financial Performance Total Income* Rs 106.1 crs EBITDA Rs 69.7 crs EBITDA Margin 65.8% PAT Rs 16.5 crs Sales Mix (Q3FY24) Sales Area (Sq Ft) Sales Value (Rs c

65.8%

Operational & Financial Performance Total Income* Rs 106.1 crs EBITDA Rs 69.7 crs EBITDA Margin 65.8% PAT Rs 16.5 crs Sales Mix (Q3FY24) Sales Area (Sq Ft) Sales Value (Rs cr) 35,537 143 44% 21

Rs 16.5

l & Financial Performance Total Income* Rs 106.1 crs EBITDA Rs 69.7 crs EBITDA Margin 65.8% PAT Rs 16.5 crs Sales Mix (Q3FY24) Sales Area (Sq Ft) Sales Value (Rs cr) 35,537 143 44% 21,335 19,397

44%

n 65.8% PAT Rs 16.5 crs Sales Mix (Q3FY24) Sales Area (Sq Ft) Sales Value (Rs cr) 35,537 143 44% 21,335 19,397 92 85 56% Value-Luxury Luxury Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24

“14% 21% 5% 60% Value Luxury Luxury Value Luxury / Luxury Commerical Source: Company Note : * Total Carpet Area for Sale reflects Accord Estates’ share of carpet area in project Nirvana (JDA with Runwal Realty Pvt Ltd) 21 Diversified Portfolio Across Value Luxury And Luxury Segments (2/2) Ongoing Projects : Presence across unit sizes and price points No.”

“This project has a dedicated 7- level podium parking.”

“It is a 20- storey tower and comprises of 1 BHK flats and 2 BHK sea facing apartments • This project has a separate mechanized tower car parking.”

“The apartments in the project have sea view It has close proximity to some of the key landmarks such as Shivaji Park, Hinduja Hospital and Bombay Scottish School Additionally, the project extends right blend of opportunities and offerings, be it drive to Bandra Kurla Complex for work or Palladium with friends, it is just minutes away.”

“Location Name of company/entity that is the developer of the project Company’s /Entity’s effective stake in the project (%) Leased/ Owned/Developmen t Rights Plot Area Square Meters 1 2 3 4 5 6 7 C.T.S.No.918 Mount Mary, Hill Road, Bandra (W) Accord Estates Pvt.”

Tax expense

2

Investor Relations Advisors

1

Tax expense

- Current tax - Deferred tax charge/ (credit) Total tax expense Profit after tax EPS Q3FY24 106.0 0.2 106.1 71.1 -39.7 3.3 1.7 36.4 69.7 65.8% 47.0 0.6 22.1 5.7 -0.2 5.5 16.5 5.0 Q2FY24 103.5 0.2 103.7 43.2 -15.9 3.3 9.8 40.4 63.32 61.2% 39.7 0.8 22.8 7.0 -1.1 6.0 16.8 5.3 Q-o-Q (%) 9MFY24 2.4% -9.9% 10.2% -3.2% -7.3% -1.7% 311.9 0.8 312.7 142.3 -37.5 10.0 17.6 132.4 180.3 57.8% 113.9 2.0 64.3 21.5 -5.1 16.3 48.0 15.0 FY23 305.7 2.1 307.9 166.0 -31.3 11.6 8.4 154.7 153.1 50.1% 107.4 2.6 43.2 13.6 -2.4 11.1 32.1 10.1 Note : *EBITDA includes other income 7 Consolidated Cash Flow Statement CASH FLOW FROM OPERATING ACTIVITIES Particulars 9MFY24 FY23 Profit before taxes 64.3 43.2 Adjustments for Interest expenses/income, depreciation Operating profit / (loss) before working capital changes Changes in Working Capital Direct Taxes (Paid)/Refund Received Net Cash Generated / (Used) in Operating Activities Net Cash Generated / (Used) in Investing Activities Net Cash Generated / (Used) in Financ

Tax expense

- Current tax - Deferred tax charge/ (credit) Total tax expense Profit after tax EPS FY23 305.7 2.1 307.9 166 -31.3 11.6 8.4 154.7 153.1 49.7% 107.4 2.6 43.2 13.6 -2.4 11.1 32.1 1 FY22 272.7 1.2 273.9 180.7 -55.7 9.7 6.2 141 132.9 48.5% 93.1 3.7 36.2 10 -0.4 9.6 26.5 0.8 FY21 240 4 244 164.2 -22.3 7.6 3.9 153.4 90.6 37.1% 79.2 2.4 9 2.8 -0.1 2.8 6.3 0.2 Note : *EBITDA includes other income 32 Consolidated Balance Sheet Particulars ASSETS Non-current assets a) Property, plant and equipment b) Intangible assets c) Right-of-use-asset d) Financial assets i) Investments ii) Other financial assets e) Deferred tax assets (Net) Total Non-Current Assets Current assets a) Inventories b) Financial assets i) Trade receivables ii) Cash and cash equivalents iii) Bank balances iv) Loans v) Other financial assets c) Other current assets d) Current income tax assets (Net) Total Current Assets TOTAL ASSET FY23 FY22 FY21 Particulars FY23 FY22 FY21 3.4 12.1 0.3 8.9 22.7 3.5 50.8 3.8 12.7 1.2 0.1 4.5 1.1 4

Investor Relations Advisors

Suraj Estate Developers Limited CIN - L15142DL1974PLC007349 Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 www.surajestate.com Mr. Rahul Agarwal/Ms. Brinkle Shah Jariwala rahul.agarwal@sgapl.net /brinkle.shah@sgapl.net +91- 9821438864 /+91-96193 85544 www.sgapl.net 46