Sunteck Realty delivered robust financial results for the first half of FY27, with net profit rising 20% year-on-year to ₹99 crore and revenue increasing 16% to ₹512 crore. According to reports from The Economic Times, the Mumbai-based developer demonstrated strong business growth during the April-September period. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 23% to ₹156 crore, while operating margin improved to 30% from 29% in the corresponding period last year.
Pre-sales grew 19% to ₹1,611 crore during the first half of FY27, reflecting continued strong demand for properties. As reported by The Economic Times, profit after tax margin remained stable at 19%, while net operating cash flow surplus increased 27% year-on-year to ₹347 crore despite the company investing ₹391 crore in business development. Collections rose 12% to ₹371 crore during the quarter and 14% to ₹780 crore in the first half. The net debt-to-equity ratio stood at 0.09x, indicating a healthy financial position.
In the second quarter alone, revenue rose 27% year-on-year to ₹321 crore from ₹252 crore, while net profit increased 17% to ₹57 crore from ₹49 crore. According to The Economic Times, EBITDA grew 13% to ₹89 crore from ₹78 crore, though EBITDA margin stood at 28% compared with 31% a year earlier. Pre-sales in Q2 increased 17% to ₹824 crore from ₹702 crore in the year-ago quarter, with collections rising 12% to ₹371 crore during the quarter.
The company made significant investments in business development, acquiring a land parcel in Borivali (West) through an outright purchase during the quarter, taking its assembled land holding in the location to approximately 11.5 acres. As reported by The Economic Times, Sunteck's total gross development value (GDV) stood at approximately ₹46,900 crore, comprising launched GDV of ₹7,700 crore and to-be-launched GDV of ₹13,900 crore. The FY27 launch pipeline, excluding Dubai, stood at approximately ₹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.
