SUNTECKNSEFull Year FY2026April 22, 2026

Sunteck Realty Limited

5,528words

92turns

9analyst exchanges

3executives

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Management on call

Kamal Khetan

CHAIRMAN AND MANAGING

Prashant Chaubey

CHIEF FINANCIAL

Abhishek Shukla

VICE PRESIDENT OF

Key numbers — 40 extracted

32%

ow we delivered a strong financial performance for the full year of FY '26 with revenue growth of 32% year-on-year, EBITDA growth of 64% year-on-year and a PAT growth of 34% year-on-year, demonstrati

64%

performance for the full year of FY '26 with revenue growth of 32% year-on-year, EBITDA growth of 64% year-on-year and a PAT growth of 34% year-on-year, demonstrating our robust operational resilienc

34%

26 with revenue growth of 32% year-on-year, EBITDA growth of 64% year-on-year and a PAT growth of 34% year-on-year, demonstrating our robust operational resilience and sustained profitability. Over t

rs,

, demonstrating our robust operational resilience and sustained profitability. Over the last 3 years, since FY '24, we have doubled our revenue growth and grown our EBITDA to 2.6x and nearly tripled o

2.6x

. Over the last 3 years, since FY '24, we have doubled our revenue growth and grown our EBITDA to 2.6x and nearly tripled our PAT. On the operational performance front, I'm pleased to share that we ha

INR32 billion

'm pleased to share that we have closed FY '26 on the strong note our full year presales stood at INR32 billion, registering a robust growth of 25% over FY '25. This strong performance reaffirms the guidance w

25%

on the strong note our full year presales stood at INR32 billion, registering a robust growth of 25% over FY '25. This strong performance reaffirms the guidance we had shared at the start of the y

INR5.5 billion

iquidity when needed. On the cash flow front, we have generated a strong net cash flow surplus of INR5.5 billion for the full year FY '26, representing a growth of 48% year-on-year. This has enabled us to maint

48%

strong net cash flow surplus of INR5.5 billion for the full year FY '26, representing a growth of 48% year-on-year. This has enabled us to maintain our net debt to equity at negligible level of 0.06x

0.06x

f 48% year-on-year. This has enabled us to maintain our net debt to equity at negligible level of 0.06x despite the strong investment in business development. We have invested INR8.1 billion in full ye

INR8.1 billion

negligible level of 0.06x despite the strong investment in business development. We have invested INR8.1 billion in full year of FY '26 compared to INR1.8 billion for full year of FY '25. This demonstrates our

INR1.8 billion

tment in business development. We have invested INR8.1 billion in full year of FY '26 compared to INR1.8 billion for full year of FY '25. This demonstrates our commitment towards expanding our development por

Guidance — 20 items

Kamal Khetan

opening

“This strong performance reaffirms the guidance we had shared at the start of the year.”

Kamal Khetan

opening

“This segment mix carries a high EBITDA margin, and we expect it to contribute meaningfully to our margin expansion going forward.”

Kamal Khetan

opening

“During the year, we added 3 new projects to our portfolio with a combined gross development value of approximately INR50 billion, which includes first 1 to 2.5 acres redevelopment project at Andheri near Western Express Highway.”

Kamal Khetan

opening

“The second one, near 3.5 acres joint development project at Mira Road and lastly the outright acquisition of 1.75 acre land parcel at Andheri near International Airport.”

Kunal Lakhan

“Quickly, if you can give an update on the Dubai project in terms of launch time line now considering the Middle East issue?”

Kamal Khetan

“We will be looking forward to launch the project as soon as possible ASAP.”

Kamal Khetan

“And our land cost to GDP is very healthy and there is no debt on the project.”

Kamal Khetan

“So we maintain our earlier communications that this project will continue to remain highly profitable.”

Kamal Khetan

“And only then we will be able to launch ASAP.”

Kunal Lakhan

“Just 1 thing in terms of like the interest or the demand that you're sensing for this project pre-war.”

Risks & concerns — 4 flagged

So we all know obviously the due to the impact of war.

— Kamal Khetan

First on the launches expected in FY '27 apart from Dubai obviously, which is an uncertain one.

— Pritesh Sheth

Only where the project is completing, we don't want to wait maybe there something which is not available where we are finding it's like difficult to source.

— Kamal Khetan

And you are guiding roughly similar pre-sales growth in FY '27 versus the industry thinking -- I mean, investors thinking that there will be a real estate slowdown.

— Akash Gupta

Q&A — 9 exchanges

Hi, Good evening. Quickly, if you can give an update on the Dubai project in terms of launch time line now considering the Middle East issue?

Kamal Khetan

Hi Kunal, thank you for the question. So we all know obviously the due to the impact of war. So the project is launch-ready for us. And whenever we see the event settling down. We will be looking forward to launch the project as soon as possible ASAP. Just to recap, our land parcel is one of the most prime location next to Dubai Mall in Burj Khalifa Community Downtown Dubai. And our land cost to GDP is very healthy and there is no debt on the project. So we maintain our earlier communications that this project will continue to remain highly profitable. And hence we are -- very comfortable situ

Yes. Congrats on the continuation on growth trajectory. Just couple of questions. First on the launches expected in FY '27 apart from Dubai obviously, which is an uncertain one. But apart from Dubai which all launches, should one expect to come by in FY '27 and total GDV if you can elaborate on that as well?

Kamal Khetan

Prashant, you’ll like to answer this question? Hi, Pritesh. So, in terms of launches, we have a slew of launches that we are planning for the next 12 months. So, as you are already -- we have already launched Altavia 5th Avenue in ODC, Goregaon West. So that project is already launched. Separately from that, we have a project redevelopment project coming up in Andheri near Western Express Highway. Then we have a new tower coming up in Sunteck Sky Park in Mira Road then we have two more towers coming up in Sunteck Beach Residences in Vasai. Then a new phase will come up in Sunteck world in Naig

Yes. Thank you so much. Sir, my first question is on some commentary on pricing trend. Where are you seeing the direction of pricing in Mumbai market? Are you finding still room to grow beyond inflation or should one assume more flattish growth there?

Kamal Khetan

So Puneet, I gave – in fact I feel that we should not expect too much of price rise from here. I think stable price in this atmosphere or this current situation should be good enough. And we see the demand in uber luxury and premium continue to maintain, will be continued at the same momentum, we definitely feel we are very bullish on it. At the same time, we are also feeling months that even your aspirational luxury segment, affordable segment, which is also looking a positive tick that we are seeing a good demand picking up there also because of the I think income tax benefits and also maint

Thank you for the opportunity. Good evening, Sir. Sir, two questions from my end. So firstly, on the deliveries from the P&L angle, what kind of deliveries or completions are we targeting for FY '27?

Kamal Khetan

Prashant do you like to… Hi, Rishith, in terms of delivery in the coming financial year, we are looking at our project at Sunteck One World in Naigaon. So that project will come up for delivery. And along with that, all the ready inventory, which is there from there also, revenue recognition will happen. Fair enough. And on the leading side, so on the 5th Avenue that is commercial part. So, we started working on the construction of it? So Rishith, 5th Avenue construction we are looking to start very soon. Most of the approvals are in place. That's why, first, we wanted to launch our residentia

Hi, Abhinav.

Abhinav Sinha

Sir, on pre-sales, just following up on the previous one. Do you expect similar growth comment that you have given, even ex of Dubai? Yes. 100% confident that irrespective of Dubai launch happening or not happening, we are seeing a similar growth because hence, we are preparing ourselves to do more launches, and we are very confident that we'll maintain our growth, maintain our growth. Okay. And sir, you said that maybe the footfalls are down a little, but conversions are flat. So do you think the first quarter could be a little soft and most of this growth will be in the later part of the yea

So my first question is on the presales. So what is the contribution that is coming from the BKC and Nepean Sea projects?

Kamal Khetan

So Harsh, in Q4, if you look at the full 12 months, uber luxury segment, we are -- and we are giving a mix of uber luxury and the commercial. So in uber luxury, we have definitely 2 projects, which is BKC and Nepean Sea Road project. So in Q4, the sales has been total put together is INR609 crores. And in 12 months, if you see it is close to INR1,500 crores. Yes. This INR609 crores, would it be possible to give a breakup between BKC and Nepean Sea? I can give you the breakup -- if you want, I will -- Prashant, will you send the query, we will give you the detailed breakup on both the projects.

Yes. So just on the follow-up, there is no shortage of material that you are facing, right? I wanted to confirm that.

Kamal Khetan

It's shortage is more in terms of some finished good materials. So we have some of the finished good materials. So we are not fortunately in many projects where the finishing, except the one world where it's going on. There is absolutely no shortage in terms of cement or steel or RMC or the stand or a break or those kind of things. So we don't see any construction delays or construction price rise because of that too much. Only where the project is completing, we don't want to wait maybe there something which is not available where we are finding it's like difficult to source. But otherwise, i

Sir, congrats on the great results. So basically I heard your commentary it was fairly strong. And you are guiding roughly similar pre-sales growth in FY '27 versus the industry thinking -- I mean, investors thinking that there will be a real estate slowdown. My question to you is, what's driving this very strong demand for real estate according to you, even in FY '27 ?

Kamal Khetan

I feel it's -- obviously what we are seeing is wherever we are doing, it's obviously an end user demand. And it is more like at the cost of repetition. I think this is the fourth time I'm saying and seeing this demand also picking up. It was always there in for last few years. We have seen post- COVID the demand was very good in Uber Luxury and Premium Luxury. Again, we have now the positive side we are seeing is the demand picking up in the Aspirational Luxury as well as. So we have -- most of our projects are very large projects. So if this demand continues, irrespective of even -- although

Thank you all for taking the time out of your busy schedule to join us today for the call. In case if any of your queries have been left unanswered, please feel free to reach out to us. We truly value your continued support and look forward to strengthening this relationship. Thank you once again.

Management

Speaking time

Kamal Khetan

Moderator

Puneet

Pritesh Sheth

Abhinav Sinha

Prashant Chaubey

Kunal Lakhan

Rishith Shah

Harsh

Akash Gupta

Opening remarks

Kamal Khetan

A very good evening to everyone and thank you for joining us today to participate in our company's earnings conference call for the fourth quarter and full year of financial year FY '26. I would like to take you through the key development for this period. And before that, to share the general outlook on the real estate, we believe that uber luxury and premium luxury to continue to do well and the aspirational luxury segment is also showing some signs of initial recovery given the decrease in home loan rates and income tax benefits. Coming to our results. Now we delivered a strong financial performance for the full year of FY '26 with revenue growth of 32% year-on-year, EBITDA growth of 64% year-on-year and a PAT growth of 34% year-on-year, demonstrating our robust operational resilience and sustained profitability. Over the last 3 years, since FY '24, we have doubled our revenue growth and grown our EBITDA to 2.6x and nearly tripled our PAT. On the operational performance front, I'm p

Prashant Chaubey

Thank you, Sir. Good evening, everyone. I trust you have had the opportunity to go through our latest results and the investor presentation, which are published on our company website and the stock exchanges. I would like to take this opportunity to share a brief update on financial and operational performance of quarter 4 and 12 months of FY '26. The key details are, we sold INR1,064 crores worth of area in quarter 4 FY '26, a growth of 22%. During the full year, we booked presales of INR3,157 crores, a growth of 25% year-on-year collections for quarter 4 stood at INR432 crores, a growth of 39%. And for the full year, collections stood at INR1,433 crores, a growth of 14%. On the profit and loss statement front, operating revenue stood at INR339 crores for quarter 4 of FY '26. EBITDA stood at INR97 crores with a margin of 29% and net profit stood at INR63 crores with a net margin of 19%. On the full year basis, operating revenue stood at INR1,124 crores for FY '26. EBITDA stood strong

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