Sunteck Realty

Sunteck Realty delivered robust financial results for FY26, with revenue growing 32% year-on-year to INR1,124 crores. EBITDA increased by 64% year-on-year to INR305 crores, achieving a 27% margin, while PAT rose 34% year-on-year to INR202 crores, with an 18% margin. The company also achieved full-year presales of INR3,200 crores, marking a 25% growth over FY25, and collections of INR1,433 crores, up 14% year-on-year.

In FY26, Sunteck significantly expanded its development portfolio by investing INR8.1 billion in business development, a substantial increase from INR1.8 billion in FY25. This investment led to the addition of three new projects with a combined gross development value (GDV) of approximately INR50 billion. These projects include a 1-2.5 acre redevelopment in Andheri, a 3.5 acre joint development in Mira Road, and a 1.75 acre outright land acquisition in Andheri near the International Airport, bringing Sunteck's total GDV to approximately INR441 billion.

The company generated a strong net cash flow surplus of INR5.5 billion for FY26, representing a 48% year-on-year growth. This robust cash generation allowed Sunteck to maintain a negligible net debt to equity ratio of 0.06x, ending FY26 with a net cash surplus of INR552 crores. Management anticipates a significant improvement in collections growth in FY27 and FY28, which is expected to further strengthen the company's cash flow position.

Sunteck Realty has outlined a strong launch pipeline for the next 12 months, with an estimated GDV of INR6,000-7,000 crores. This pipeline includes projects such as Altavia 5th Avenue, an Andheri redevelopment, new towers in Sunteck Sky Park (Mira Road) and Sunteck Beach Residences (Vasai), a new phase in Sunteck World (Naigaon), and the recently acquired Mira Road parcel. Additionally, the Nepeansea Road project is expected to contribute to this pipeline, ensuring sustained presales growth.

Management remains confident in the continued strong demand for uber luxury and premium luxury segments, which are key drivers of presales and high EBITDA margins (expected 35-40% blended, 30-35% on project basis). While acknowledging temporary dips in footfalls (5-10%) due to geopolitical events and elections, conversion ratios have remained stable. The aspirational luxury segment is also showing initial signs of recovery, though overall pricing in Mumbai is expected to remain stable rather than see significant increases.

Sunteck Realty has demonstrated strong commitment to sustainability, achieving an impressive ESG score of 78 out of 100 in the 2025 Dow Jones Sustainability Index assessment. This places the company among the top 3 Indian real estate developers globally. Furthermore, Sunteck secured a coveted 5-star rating in the 2025 Global Real Estate Sustainability Benchmark, with a score of 99 out of 100.