Latest news with #SunteckRealtyLtd
Time of India
2 days ago
- Business
- Time of India
Sunteck Realty's profit rises 47% to ₹33.43 crore in Q1 FY26
NEW DELHI: Sunteck Realty Ltd has reported a 47 per cent increase in its consolidated net profit to Rs 33.43 crore in the first quarter of this fiscal. Its net profit stood at Rs 22.78 crore in the year-ago period. Total income, however, fell to Rs 201.53 crore in the April-June period of 2025-26 fiscal from Rs 328.01 crore in the corresponding period of the preceding year, according to a regulatory filing on Thursday. Sunteck Realty is one of the leading real estate firms in the country. It has developed many projects in the Mumbai Metropolitan Region (MMR).
News18
3 days ago
- Business
- News18
Sunteck Realty Q1 profit rises 47 pc to Rs 33.43 cr, revenue drops 38 pc
Agency: Last Updated: New Delhi, Jul 17 (PTI) Sunteck Realty Ltd has reported a 47 per cent increase in its consolidated net profit to Rs 33.43 crore in the first quarter of this fiscal. Its net profit stood at Rs 22.78 crore in the year-ago period. Total income, however, fell to Rs 201.53 crore in the April-June period of 2025-26 fiscal from Rs 328.01 crore in the corresponding period of the preceding year, according to a regulatory filing on Thursday. Sunteck Realty is one of the leading real estate firms in the country. It has developed many projects in the Mumbai Metropolitan Region (MMR). PTI MJH SHW Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
3 days ago
- Business
- Economic Times
Sunteck Realty April-June pre-sales rise 31% to Rs 657 cr
Realty developer Sunteck Realty Ltd has recorded a 31% year-on-year increase in pre-sales for the first quarter of 2025–26, reaching Rs 657 crore. Collections during the quarter stood at around Rs 351 crore. ADVERTISEMENT The listed company's operating profit for the quarter rose 52% year-on-year to Rs 48 crore, while net income increased 47% to Rs 33 crore. Operating profit margin expanded by 1,541 basis points to 25%, and net margin improved by 1,054 basis points to 18%. The company's net debt-to-equity ratio remained low at 0.02x, the developer said in a regulatory filing. During the quarter, Sunteck was selected as the preferred developer for the redevelopment of a residential project near Western Express Highway in Andheri suburb of Mumbai. The land parcel measures approximately 2.5 acres with a development potential of 0.275 million sq ft. The project is expected to generate a gross development value (GDV) of Rs 1,100 the financial year 2024–25, the company reported revenue of Rs 853 crore, operating profit of Rs 186 crore, and net income of Rs 150 crore. The company's portfolio spans approximately 52.5 million sq ft across 32 projects. (You can now subscribe to our Economic Times WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
Sunteck Realty April-June pre-sales rise 31% to Rs 657 cr
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Realty developer Sunteck Realty Ltd has recorded a 31% year-on-year increase in pre-sales for the first quarter of 2025–26, reaching Rs 657 crore. Collections during the quarter stood at around Rs 351 listed company's operating profit for the quarter rose 52% year-on-year to Rs 48 crore, while net income increased 47% to Rs 33 crore. Operating profit margin expanded by 1,541 basis points to 25%, and net margin improved by 1,054 basis points to 18%.The company's net debt-to-equity ratio remained low at 0.02x, the developer said in a regulatory the quarter, Sunteck was selected as the preferred developer for the redevelopment of a residential project near Western Express Highway in Andheri suburb of Mumbai. The land parcel measures approximately 2.5 acres with a development potential of 0.275 million sq ft. The project is expected to generate a gross development value (GDV) of Rs 1,100 the financial year 2024–25, the company reported revenue of Rs 853 crore, operating profit of Rs 186 crore, and net income of Rs 150 crore. The company's portfolio spans approximately 52.5 million sq ft across 32 projects.
Mint
23-06-2025
- Business
- Mint
Sunteck Realty readies recipe for a strong FY26 even as shares await a rebound
Sunteck Realty Ltd was recently appointed as the developer for the redevelopment of a housing society in Mumbai's Andheri (East). The gross development value (GDV) or revenue potential of this project is estimated at ₹1,100 crore, as per media reports. This is a 2.5-acre land parcel and about 275,000 square feet will be available for free sale. Mumbai-focused Sunteck has entered the redevelopment space to unlock high-margin opportunities, the management told Nirmal Bang Institutional Equities at the brokerage's investors conference last week. Sunteck's focus remains on projects with an internal rate of return of 30-40% and has several redevelopment projects in advanced planning stages. It is also working on the redevelopment project in Bandra West, which is likely to be launched by FY26-end/FY27. Expansion of the portfolio through redevelopment would enable Sunteck to see asset-light growth. However, redevelopment projects face challenges such as slower approvals leading to execution delays and hence, rising project development cost. Sunteck clocked record pre-sales of ₹2,531 crore in FY25, up 32% year-on-year, aided by strong traction in uber-luxury and upper mid-income projects. It expects similar pre-sales growth in FY26. Also Read: Realtors eye new addresses in tier-2 cities While its launch pipeline is robust, most larger listed real estate companies are aggressively launching projects across geographies and are targeting similar growth rates. So, Sunteck would need timely execution to give it an edge. Sunteck has lined up projects of around ₹7,600 crore GDV for FY26. This includes the uber-luxurious Nepean Sea Road project, new phases in existing projects at Oshiwara District Centre, Goregaon (5th Avenue), and one new tower each in Sunteck Sky Park Mira Road and Sunteck World, Naigaon. Its Burj Khalifa Community, Dubai project with GDV of ₹9,000 crore is now under design and approval stage, and the management is targeting a late-FY26 or early-FY27 launch. Also Read: New launches, Dubai entry elevate Sunteck Realty's pre-sales outlook Sunteck's 4th Avenue, Sunteck City is likely to receive occupancy certificate in FY26. Overall, Sunteck has identified ten projects with a GDV of ₹39,370 crore to boost medium-term pre-sales growth. Most of these upcoming projects/phases are in uber luxury and premium luxury segments. Sunteck's shares are down 27% in the last one year versus the Nifty Realty index's 10% decline. Nuvama Research noted that Sunteck's strong balance sheet and a potential pickup in launch trajectory are the key positives. However, softness in housing volumes has led to concerns about future sales growth. Plus, geographical risk in the case of Sunteck is high as its offerings are mainly concentrated in the Mumbai Metropolitan Region. Also Read: Penthouse, a villa in the sky for the super-rich
