Sunteck Realty Q3 Profit Surges 34% as Revenue More Than Doubles to ₹344 Crore
Sunteck Realty Limited, a prominent real estate developer based in Mumbai, announced its financial results for the third quarter and nine months ended FY26. The company reported a substantial increase in revenue and profit, highlighting its strong performance in the real estate market.
For the December quarter, Sunteck Realty's revenue surged to about ₹344 crore, marking a year-on-year growth of 113%. This impressive revenue growth is indicative of the company's successful strategies and the robust demand in the real estate sector. EBITDA for the quarter also saw a significant rise, increasing to around ₹82 crore, up 68% year-on-year. The profit after tax (PAT) stood at approximately ₹57 crore, marking a 34% increase from the same period last year. EBITDA margin for Q3FY26 was 24%, and PAT margin stood at 17%.
For the nine months ended FY26, the company's revenue increased to about ₹785 crore, up 21% year-on-year. EBITDA grew to around ₹207 crore, reflecting a 77% year-on-year rise, while profit after tax came in at approximately ₹139 crore, up 39% from the corresponding period last year. EBITDA margin for the nine-month period stood at 26%, and PAT margin at 18%.
On the operational front, pre-sales for Q3FY26 rose to about ₹734 crore, representing a 16% year-on-year increase. For the nine-month period, pre-sales amounted to ₹2,093 crore, up 26% year-on-year. Collections were reported at approximately ₹319 crore for the quarter and ₹1,001 crore for the nine months. The company also reported a net operating cash flow surplus of around ₹349 crore, up 12% year-on-year, while its net debt-to-equity ratio stood at 0.07x.
In a strategic move, Sunteck Realty has acquired a 1.75-acre land parcel at Andheri, near the Mumbai international airport. The project is estimated to have a gross development value of around ₹25 billion. This acquisition is expected to further strengthen the company's portfolio and position in the Mumbai real estate market.
Shares of Sunteck Realty closed at ₹374.55, up ₹4.85 or 1.31%, at NSE on January 27, reflecting positive investor sentiment and confidence in the company's future prospects.
Sunteck Realty's strong financial performance and strategic acquisitions demonstrate the company's commitment to growth and its ability to capitalize on opportunities in the real estate sector. As the market continues to evolve, Sunteck Realty is well-positioned to maintain its momentum and deliver value to its stakeholders.
