Sunteck Realty H1FY27 net profit rises 20%, pre-sales up 19%

Pre-sales grew 19% to Rs 1,611 crore during April-September, as the Mumbai-based developer continued to invest in business development.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 23% to Rs 156 crore in the first half of FY27, compared with Rs 127 crore in the corresponding period last year.

Operating margin stood at 30%, up from 29% in the first half of FY26, while profit after tax margin remained at 19%.

In the second quarter, revenue rose 27% year-on-year to Rs 321 crore from Rs 252 crore. Net profit increased 17% to Rs 57 crore from Rs 49 crore, while EBITDA grew 13% to Rs 89 crore from Rs 78 crore. EBITDA margin stood at 28%, compared with 31% a year earlier, while PAT margin was 18%.

Pre-sales in the September quarter increased 17% to Rs 824 crore from Rs 702 crore in the year-ago quarter. Collections rose 12% to Rs 371 crore during the quarter and 14% to Rs 780 crore in the first half.

Net operating cash flow surplus increased 27% year-on-year to Rs 347 crore in the first half of FY27, despite the company investing Rs 391 crore in business development during the period. Nearly 90% of the investment was funded through operating cash flows. The net debt-to-equity ratio stood at 0.09x.

On the business development front, Sunteck Realty acquired a land parcel in Borivali (West) through an outright purchase during the quarter. The acquisition takes its assembled land holding in the location to approximately 11.5 acres.

The company’s total gross development value (GDV) stood at approximately Rs 46,900 crore, comprising launched GDV of Rs 7,700 crore and to-be-launched GDV of Rs 13,900 crore.

Its FY27 launch pipeline, excluding Dubai, stood at approximately Rs 7,000 crore, with launches planned in H2 FY27 at Sunteck Belvedere Park in Mira Road and a project in Andheri, both along the Western Express Highway.