MUMBAI: Sunteck Realty has reported a 34% year-on-year increase in pre-sales to Rs 702 crore for the September quarter, driven by sustained demand across its residential portfolio in the Mumbai Metropolitan Region. The company’s net profit rose 41% to around Rs 49 crore, with net margin at 19%.
The developer’s collections during the quarter rose 24% to Rs 331 crore, while revenue from operations increased 49% to around Rs 252 crore. Operating profit grew 108% year-on-year to Rs 78 crore, with margins expanding by 873 basis points to 31%, the company said in a regulatory filing.
For the first half of FY26, pre-sales increased 32% on-year to around Rs 1,359 crore, while collections stood at Rs 682 crore, up 12%. Revenue from operations during the six-month period was around Rs 441 crore.
Operating profit for the first half of the year rose 83% to Rs 126 crore, and net profit increased 44% to Rs 82 crore. The company recorded a net operating cash flow surplus of Rs 258 crore, up 35% on-year, with its net debt-equity ratio at 0.04 times.
The company has expanded its development pipeline with two new projects in Mumbai’s western suburbs. It has been selected as the preferred developer for a residential redevelopment project in Mumbai’s Andheri suburb, on around 2.5 acres with a development potential of about 2.75 lakh sq ft. The estimated Gross Development Value (GDV) of this project is Rs 1,100 crore.
It is also entering into a Joint Development Agreement (JDA) for a project at Mira Road, covering 3.5 acres with a development potential of around 5.5 lakh sq ft and an estimated GDV of Rs 12 billion.
Together, the two projects have a cumulative development potential of 8.25 lakh sq ft and a total GDV of Rs 2,300 crore, further adding to the company’s residential portfolio in the Mumbai Region.
The developer’s collections during the quarter rose 24% to Rs 331 crore, while revenue from operations increased 49% to around Rs 252 crore. Operating profit grew 108% year-on-year to Rs 78 crore, with margins expanding by 873 basis points to 31%, the company said in a regulatory filing.
For the first half of FY26, pre-sales increased 32% on-year to around Rs 1,359 crore, while collections stood at Rs 682 crore, up 12%. Revenue from operations during the six-month period was around Rs 441 crore.
Operating profit for the first half of the year rose 83% to Rs 126 crore, and net profit increased 44% to Rs 82 crore. The company recorded a net operating cash flow surplus of Rs 258 crore, up 35% on-year, with its net debt-equity ratio at 0.04 times.
The company has expanded its development pipeline with two new projects in Mumbai’s western suburbs. It has been selected as the preferred developer for a residential redevelopment project in Mumbai’s Andheri suburb, on around 2.5 acres with a development potential of about 2.75 lakh sq ft. The estimated Gross Development Value (GDV) of this project is Rs 1,100 crore.
It is also entering into a Joint Development Agreement (JDA) for a project at Mira Road, covering 3.5 acres with a development potential of around 5.5 lakh sq ft and an estimated GDV of Rs 12 billion.
Together, the two projects have a cumulative development potential of 8.25 lakh sq ft and a total GDV of Rs 2,300 crore, further adding to the company’s residential portfolio in the Mumbai Region.
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