Sunteck Realty FY26 Results: PAT rises 34% to ₹202 crore, pre-sales up 25%
- Profit after tax rose 34% YoY to ₹202 crore in FY26
- Pre-sales hit a record ₹3,157 crore, up 25% YoY
- EBITDA margins expanded by over 5 percentage points to 27%
- Net debt-to-equity ratio remained low at 0.06x
- Final dividend of ₹1.50 per share approved at 43rd AGM
*this image is generated using AI for illustrative purposes only.
Sunteck Realty Limited reported record financial performance for FY26, with profit after tax rising 34% to ₹202 crore and revenue from operations growing 32% to ₹1,124 crore. The company also declared a final dividend of ₹1.50 per equity share at its 43rd Annual General Meeting held on September 24, 2026.
Pre-sales reached an all-time high of ₹3,157 crore, marking a 25% increase over the previous year. This represents the fifth consecutive year of pre-sales growth, with a compounding annual growth rate of approximately 25% from FY22 to FY26. Collections rose 14% to ₹1,433 crore, while EBITDA expanded 64% to ₹305 crore, with margins improving by over five percentage points to 27%.
Financial highlights
The company maintained a strong balance sheet, closing the year with a net debt-to-equity ratio of 0.06x. Net cash flow surplus increased 48% to ₹552 crore, delivering a cash flow return on capital employed (RoCE) of approximately 20%. The following table summarizes key FY26 metrics:
| Metric | FY26 Value | YoY Change |
|---|---|---|
| Pre-sales | ₹3,157 crore | +25% |
| Collections | ₹1,433 crore | +14% |
| Revenue from operations | ₹1,124 crore | +32% |
| EBITDA | ₹305 crore | +64% |
| Profit after tax | ₹202 crore | +34% |
| Net cash flow surplus | ₹552 crore | +48% |
Portfolio and business development
Total Gross Development Value (GDV) stood at ₹41,030 crore in FY26, more than doubling from ₹19,345 crore in FY23. The portfolio is diversified across ten micro-markets and three customer segments: Uber Luxury (32%), Premium Luxury (37%), and Aspirational Luxury (31%). Approximately 28% of the GDV is owned outright, while 69% is under joint ventures and joint development agreements.
Capitalizing on strong cash flows, Sunteck invested ₹813 crore in business development during FY26, more than four times the prior year's investment. The company also highlighted its annuity portfolio, which currently earns ~₹76 crore annually, with expectations for lease rentals to reach ~₹450 crore over the next three years as new projects come into operation.
AGM proceedings and resolutions
The 43rd Annual General Meeting was conducted via Video Conferencing and Other Audio-Visual Means (VC/OAVM). Shareholders approved the audited standalone and consolidated financial statements for FY26 and ratified the remuneration of the cost auditor for FY27. Ajeet Singh was re-appointed as a director retiring by rotation. Additionally, shareholders passed a special resolution enabling the further issue of securities.
Kamal Khetan, Chairman and Managing Director, addressed members virtually, emphasizing the company's focus on disciplined growth and capital efficiency. The meeting concluded with the appointment of Veeraraghavan N. as scrutinizer for the e-voting process facilitated by NSDL.
What the numbers show
The divergence between revenue growth (32%) and EBITDA growth (64%) indicates significant operating leverage as completed projects flow through the profit and loss account. With net debt-to-equity at just 0.06x and India Ratings reaffirming the long-term rating at AA, Sunteck Realty combines high growth with low leverage, distinguishing it from many peers in the real estate sector.
Historical Stock Returns for Sunteck Realty
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.09% | +1.03% | -4.15% | -1.27% | -35.31% | -42.10% |
How will the planned increase in annuity lease rentals to ₹450 crore over the next three years impact Sunteck Realty's long-term revenue stability and valuation multiples?
Given the significant jump in business development investment to ₹813 crore, what are the expected timelines for converting this capital deployment into recognized revenue in FY27 and beyond?
With 69% of the Gross Development Value under joint ventures, how might the current high-growth phase affect partner negotiations and profit-sharing structures in future projects?
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