Sunteck Realty FY26: Growth, Cash Surplus, and a Bigger GDV Pipeline

For FY26 (consolidated P&L in the presentation), operating revenue was Rs 1,124 crore, EBITDA Rs 305 crore (27% margin), and PAT Rs 202 crore (18% margin).

FY26 pre-sales were Rs 3,157 crore (+25% YoY) and collections were Rs 1,433 crore (+14% YoY).

FY26 pre-sales were split as: Aspirational Luxury Rs 302 crore, Premium Luxury Rs 1,317 crore, and Uber Luxury and Others Rs 1,538 crore (total Rs 3,157 crore).

The presentation reports net debt of Rs 266 crore, net worth of Rs 4,472 crore, and net debt to equity of 0.06x for FY26.

Management stated confidence in sustaining similar growth in pre-sales in FY27 even without a Dubai launch, and outlined multiple launches over the next 12 months including Andheri redevelopment near WEH, towers at Mira Road and Vasai, and new phases at Naigaon.

Management said the Dubai project is launch-ready but will be launched once the geopolitical situation settles; timing remains uncertain. They also stated there is no debt at the company level and no debt at the Dubai project level.

The presentation indicates total average annual rental income of about Rs 35 crore in FY2024, about Rs 70 crore in FY2025, and a target of about Rs 320 crore by FY2029E, with certain BKC assets pre-leased for 29 years.