This article first appeared on GuruFocus .
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Revenue Growth:21% year-on-year for the first 9 months of FY26.
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EBITDA Growth:77% year-on-year for the first 9 months of FY26.
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PAT Growth:39% year-on-year for the first 9 months of FY26.
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Presales Performance:INR7.3 billion in Q3 FY26, 16% year-on-year growth; INR21 billion for the first 9 months, 26% year-on-year growth.
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Net Operating Cash Flow Surplus:INR3.5 billion for the first 9 months of FY26.
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Net Debt to Equity Ratio:0.07x.
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Operating Revenue:INR344 crores in Q3 FY26; INR785 crores for the first 9 months.
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EBITDA Margin:24% in Q3 FY26; 26% for the first 9 months.
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Net Profit:INR57 crores in Q3 FY26, 34% growth over Q3 FY25; INR139 crores for the first 9 months, 39% growth year-on-year.
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Net Profit Margin:17% in Q3 FY26; 18% for the first 9 months.
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Collections:INR319 crores in Q3 FY26; INR1,001 crores for the first 9 months.
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Warning! GuruFocus has detected 5 Warning Signs with BOM:512179.
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Release Date: January 28, 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 robust financial performance with a 21% year-on-year revenue growth, 77% EBITDA growth, and 39% PAT growth for the first nine months of FY26.
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The company achieved a record presales performance of INR 21 billion for the nine months, marking a 26% year-on-year growth.
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Sunteck Realty Ltd ( BOM:512179 ) acquired a strategic 1.75-acre land parcel in Andheri, Mumbai, with a development potential of approximately 6 lakh square feet and an estimated gross development value of INR 25 billion.
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The company maintained a strong net operating cash flow surplus of INR 3.5 billion, keeping net debt to equity at a low level of 0.07x.
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Sunteck Realty Ltd ( BOM:512179 ) is optimistic about growth opportunities in the MMR market, supported by a strong balance sheet and robust operating cash flows.
Negative Points
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There is a noted increase in other expenses due to projects where revenues are not yet recognized, impacting the P&L as per Ind AS norms.
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The market is described as slightly fragile, with potential slowdowns in the luxury and premium segments, although Sunteck Realty Ltd ( BOM:512179 ) has not yet experienced this.
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The company is still contemplating the development strategy for the newly acquired Sahar land parcel, which could delay project initiation.
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The Nepeansea project is still awaiting RERA approval, which could impact sales and project timelines.
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Despite strong presales, achieving the full-year guidance of INR 3,000 crores in presales requires a significant increase in Q4 performance.
Q & A Highlights
Q: What are the plans for project launches in the fourth quarter, particularly for Andheri and Bandra? A: We have effectively launched Fifth Avenue at our ODC project in Goregaon West and received a good response. In the fourth quarter, we expect significant contributions from this launch. Additionally, we plan to launch projects in Andheri and Mira Road, with more towers in Naigaon due to positive market response. These launches are expected over the next two quarters. - Kamal Khetan, Executive Chairman and Managing Director
Q: Can you explain the increase in revenue and other expenses? A: The revenue increase is primarily due to the completion of our Sunteck City Fourth Avenue project in ODC Goregaon West. The rise in other expenses is attributed to costs incurred for projects where revenue recognition has not yet occurred, as per Ind AS norms. - Prashant Chaubey, Chief Financial Officer
Q: What is the status of the Andheri Sahar project acquisition and its development plans? A: The Andheri Sahar land parcel was acquired for INR140 crores. We are considering both residential and commercial developments for this prime location near the international airport. A decision will be made in the next one to two months. - Kamal Khetan, Executive Chairman and Managing Director
Q: How is the market demand across different segments, and what are your observations? A: The market is stable, with strong performance in the mid-segment and affordable categories, alongside continued demand in the ultra-luxury and premium segments. We anticipate further growth, especially if favorable budget measures are introduced. - Kamal Khetan, Executive Chairman and Managing Director
Q: Are you on track to achieve the presales guidance of INR3,000 crores for FY26? A: Yes, we are confident in achieving our presales guidance, with contributions expected from various projects, including Fifth Avenue, Vasai, Naigaon, and ongoing sales from BKC and Nepeansea Road. We anticipate surpassing our guidance. - Kamal Khetan, Executive Chairman and Managing Director
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
