This article first appeared on GuruFocus .
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Revenue Growth:32% year-on-year for FY26.
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EBITDA Growth:64% year-on-year for FY26.
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PAT Growth:34% year-on-year for FY26.
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Presales:INR32 billion for FY26, a growth of 25% over FY25.
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Net Cash Flow Surplus:INR5.5 billion for FY26, a growth of 48% year-on-year.
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Net Debt to Equity:0.06 times for FY26.
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Investment in Business Development:INR8.1 billion for FY26.
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New Projects Added:Three projects with a combined GDV of approximately INR50 billion.
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Operating Revenue (Q4 FY26):INR339 crores.
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EBITDA (Q4 FY26):INR97 crores with a margin of 29%.
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Net Profit (Q4 FY26):INR63 crores with a net margin of 19%.
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Operating Revenue (FY26):INR1,124 crores.
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EBITDA (FY26):INR305 crores with an EBITDA margin of 27%.
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Net Profit (FY26):INR202 crores with a net profit margin of 18%.
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Release Date: April 22, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
Positive Points
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Sunteck Realty Ltd ( BOM:512179 ) reported a strong financial performance for FY26 with a revenue growth of 32% year-on-year, EBITDA growth of 64%, and PAT growth of 34%.
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The company achieved a robust presales growth of 25% over FY25, with a total of INR32 billion in presales for FY26.
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Sunteck Realty Ltd maintained a strong net cash flow surplus of INR5.5 billion for FY26, representing a growth of 48% year-on-year.
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The company added three new projects to its portfolio in FY26, with a combined gross development value of approximately INR50 billion.
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Sunteck Realty Ltd achieved an impressive ESG score of 78 out of 100 in the 2025 Dow Jones Sustainability Index assessment, placing it among the top three Indian real estate developers globally.
Negative Points
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The launch of the Dubai project is delayed due to geopolitical issues, impacting potential revenue from this project.
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Collections for FY26 grew by only 14% year-on-year, which is significantly lower than the sales growth of 25%, indicating potential cash flow challenges.
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There is a slight decline in footfalls by 5-10% due to geopolitical uncertainties, which could impact future sales.
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The company faces some material shortages and price increases in certain finished goods, which could affect construction timelines and costs.
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Despite strong presales, the collection rate as a percentage of sales is less than 50%, which may affect liquidity and operational cash flow.
Q & A Highlights
Q: Can you provide an update on the Dubai project launch timeline considering the Middle East issues? A: The Dubai project is launch-ready, but due to the impact of the war, we are waiting for the situation to settle before proceeding. The project is in a prime location next to Dubai Mall, and there is no debt on it, ensuring high profitability. We will launch as soon as conditions allow.
Q: What are the expectations for business development spending in FY27 compared to FY26? A: In FY26, we spent over INR800 crores on business development, up from less than INR200 crores the previous year. We plan to continue investing aggressively, focusing on high IRR and equity multiples, supported by strong cash flows.
Q: What are the expected launches for FY27, and what is the total GDV? A: We plan several launches, including projects in Andheri, Mira Road, Vasai, and Naigaon, with a total GDV of approximately INR7,000 crores. These include both new projects and additional phases of existing ones.
Q: What are the expected EBITDA margins for new and existing projects? A: We aim for a blended EBITDA margin of 35% to 40% for FY26 presales and expect similar margins for recently signed projects. We maintain a minimum margin target of 30% to 35% for new acquisitions.
Q: How do you view the pricing trend in the Mumbai market, and are there any impacts from recent geopolitical events? A: We expect stable pricing with no significant increases. Demand remains strong in the uber luxury and premium segments, and we are seeing positive signs in the aspirational luxury segment. Recent geopolitical events have slightly reduced footfalls, but conversion rates remain stable.
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
