Sunteck Realty Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Sunteck Realty Ltd filed with BSE on 28 Jul 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Sunteck Realty reported Q1 FY27 presales growth of 20% year-on-year to INR787 crores, with EBITDA up 40% to INR67 crores and net profit up 26% to INR42 crores. Management reiterated that the Dubai project remains launch-ready with all regulatory approvals in place, though the launch timing has been recalibrated due to the ongoing situation. The company also introduced a new breakdown of its GDV into Launched, To-be Launched, and Upcoming for Launch categories.
Numbers mentioned
Presales: INR787 crores (Q1 FY27)
p. 4
“we sold INR787 crores worth of area in quarter 1 of FY27, which is a 20% growth over quarter 1 of FY26 presales of INR657 crores”
Prashant Chaubey, page 4 of the filed PDF · View the filing
Collections: INR409 crores (Q1 FY27)
p. 4
“Collections for quarter 1 of FY27 stood at INR409 crores, a growth of 17% over INR351 crores in quarter 1 of FY'26”
Prashant Chaubey, page 4 of the filed PDF · View the filing
Operating revenue: INR191 crores (Q1 FY27)
p. 4
“operating revenue stood at INR191 crores for quarter 1 of FY27 as against INR188 crores in the same period last financial year”
Prashant Chaubey, page 4 of the filed PDF · View the filing
EBITDA: INR67 crores (Q1 FY27)
p. 4
“EBITDA stood strong at INR67 crores in quarter 1 of FY27, 40% growth over quarter 1 of FY26”
Prashant Chaubey, page 4 of the filed PDF · View the filing
EBITDA margin: 35% (Q1 FY27)
p. 4
“EBITDA margin stood at 35%”
Prashant Chaubey, page 4 of the filed PDF · View the filing
Net profit: INR42 crores (Q1 FY27)
p. 4
“Net profit of INR42 crores, which is 26% growth over quarter 1 FY26, and net profit margin stood at 22%”
Prashant Chaubey, page 4 of the filed PDF · View the filing
Net cash flow surplus: INR193 crores (Q1 FY27)
p. 4
“We generated a net cash flow surplus of INR193 crores during the quarter, a growth of 79% over quarter 1 FY26 after deploying INR170 crores towards business development and land-related capital expenditure”
Prashant Chaubey, page 4 of the filed PDF · View the filing
Net debt to equity: 0.07x (Q1 FY27)
p. 3
“our net debt to equity remains negligible at 0.07x”
Kamal Khetan, page 3 of the filed PDF · View the filing
Embedded EBITDA margin on presales: 35% to 40% (FY26 and Q1 FY27)
p. 3
“The embedded EBITDA margin on both our FY26 and Q1 of FY27 presales stands in the range of 35% to 40%”
Kamal Khetan, page 3 of the filed PDF · View the filing
Business development spend: INR170 crores (Q1 FY27)
p. 7
“the 170 crores that we spent in quarter 1 is mainly for Nepean Sea, Mira Road 2 and certain redevelopment projects”
Prashant Chaubey, page 7 of the filed PDF · View the filing
FY26 business development spend: more than 800 crores (FY26)
p. 7
“it was like our highest spend on BD, what we did more than 800 crores in FY26”
Kamal Khetan, page 7 of the filed PDF · View the filing
Dubai project investment to date: close to not more than 200 crores, 225 crores
p. 5
“our investment in Dubai as on today on the project is close to not more than 200 crores, 225 crores”
Kamal Khetan, page 5 of the filed PDF · View the filing
To-be launched GDV excluding Dubai: close to 7,100 crores
p. 5
“to-be launched GDV is close to 8,370 or 7,100 crores, sorry, 7,100 crores, close to”
Kamal Khetan, page 5 of the filed PDF · View the filing
GRESB score: 99 out of 100
p. 4
“our GRESB score of 99 out of 100 with a green 5-star rating”
Kamal Khetan, page 4 of the filed PDF · View the filing
S&P Global DJSI ESG score: 78 out of 100
p. 4
“our S&P Global DJSI ESG score of 78 out of 100 keeps us rated among the best in global real estate, well ahead of the benchmark average of 68 and 30, respectively”
Kamal Khetan, page 4 of the filed PDF · View the filing
Trailing collections: close to 1,500 crores (trailing 12 months)
p. 7
“if you see trailing months, if you see, our collections are close to 1,500 crores, which is again stronger than the past 12 months”
Kamal Khetan, page 7 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Presales growth — 25% to 30% growth · FY27
stated firmly by Kamal Khetan
p. 6
“we are confident overall in the full year, we will match our -- what we have given the guidance of 25% to 30% growth in our presales”
Kamal Khetan, page 6 of the filed PDF · View the filing
Collections growth — 25% to 30% growth · FY27
stated as an aspiration by Kamal Khetan
p. 7
“We'll see a similar growth, I would say, 25% to 30% growth in the presales also”
Kamal Khetan, page 7 of the filed PDF · View the filing
Launch pipeline — close to 7,000 crores · FY27
stated firmly by Kamal Khetan
p. 6
“all the other projects pipeline, what we are looking to launch this year is close to 7,000 crores, what we are looking to launch”
Kamal Khetan, page 6 of the filed PDF · View the filing
Business development spend — more than last year · FY27
stated as an aspiration by Kamal Khetan
p. 7
“we are looking to spend definitely this year also much more than the last year for getting into doing BD, more BD”
Kamal Khetan, page 7 of the filed PDF · View the filing
Project deliveries — Sunteck OneWorld, new floors in 4th Avenue, 1st Avenue and Pinnacle · FY27
stated firmly by Kamal Khetan
p. 8
“this year, we are confident one, we will be delivering our project Sunteck OneWorld and maybe some more new floors in 4th Avenue”
Kamal Khetan, page 8 of the filed PDF · View the filing
5th Avenue ODC residential delivery — delivery in three years · 3 years from now
stated firmly by Kamal Khetan
p. 9
“we are looking to deliver that in three years from now”
Kamal Khetan, page 9 of the filed PDF · View the filing
5th Avenue ODC commercial construction timeline — 24 to 30 months
stated as an aspiration by Kamal Khetan
p. 9
“we're looking to do complete that in 24 months, 24 months to 30 months”
Kamal Khetan, page 9 of the filed PDF · View the filing
Fundraising
stated firmly by Kamal Khetan
p. 8
“there is absolutely no planning of any fundraising”
Kamal Khetan, page 8 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said the project is launch ready with all approvals but the timing has been recalibrated due to the ongoing situation.
Answered by Kamal Khetan
Asked by Harsh Pathak: Whether the Dubai launch could happen in FY27 or FY28 given the uncertain timeline.
p. 5
“Only the timing of the launch has to be obviously recalibrated due to -- we all know that it's an ongoing situation, and we don't want to launch in such a situation.”
Kamal Khetan, page 5 of the filed PDF · View the filing
Management detailed that excluding Dubai's 9,000 crores, the to-be launched GDV is about 7,100 crores across ODC, Andheri redevelopment, Mira Road 2, Vasai and Naigaon towers.
Answered by Kamal Khetan
Asked by Harsh Pathak: Breakdown of the to-be launched GDV of 16,000 crores between FY27 and FY28 and the key projects.
p. 5
“to-be launched GDV, if you go, that includes obviously 9,000 crores coming from Dubai projects”
Kamal Khetan, page 5 of the filed PDF · View the filing
Management confirmed confidence in achieving the previously communicated 25-30% presales growth guidance for the full year.
Answered by Kamal Khetan
Asked by Harsh Pathak: Growth guidance for presales for FY27 and possibly FY28.
p. 6
“Considering the full year of '27, we'll be at least 25% to 30% higher than the last year.”
Kamal Khetan, page 6 of the filed PDF · View the filing
Management attributed aspirational luxury growth to Naigaon and Kalyan projects and premium luxury growth to Sunteck City, Sunteck Sky Park and SBR.
Answered by Kamal Khetan
Asked by Rishith Shah: What drove growth in the aspirational luxury and premium luxury segments this quarter.
p. 6
“mainly it came -- basically, we see that coming from Naigaon and Kalyan, -- both are now giving, and we are very bullish on now Kalyan picking up more strongly”
Kamal Khetan, page 6 of the filed PDF · View the filing
Management said collections would grow proportionately with presales and larger collections would begin once Nepean Sea construction starts.
Answered by Kamal Khetan
Asked by Rishith Shah: Guidance on collections for the full year and status of RERA approval for Nepean Sea project.
p. 7
“the bigger collection will start happening once we start the construction of Nepean Sea Road. That will definitely give us a big collection.”
Kamal Khetan, page 7 of the filed PDF · View the filing
Management said Q1 spend of 170 crores went to Nepean Sea, Mira Road 2 and redevelopment projects, and full-year spend is expected to exceed last year's 800 crores plus.
Answered by Prashant Chaubey
Asked by Vasudev: How is the business development pipeline and what is the estimated BD spend for the full year.
p. 7
“the 170 crores that we spent in quarter 1 is mainly for Nepean Sea, Mira Road 2 and certain redevelopment projects”
Prashant Chaubey, page 7 of the filed PDF · View the filing
Management clarified it is a routine enabling resolution taken every year with no current plans to raise funds.
Answered by Kamal Khetan
Asked by Jainam Shah: Whether the board's fundraising resolution of INR2,000-plus crores signals a near-term fundraise.
p. 8
“this is, obviously, enabling resolution. And if you see every year, we take this enabling resolution.”
Kamal Khetan, page 8 of the filed PDF · View the filing
Management acknowledged the presentation language was inconsistent and agreed to correct it, confirming Dubai has no pending approvals.
Answered by Kamal Khetan
Asked by Jainam Shah: Clarification on a contradiction in the presentation regarding the Dubai project's approval status within the to-be launched GDV table.
p. 8
“No, no, I appreciate. I think this is slightly we'll have to edit that. I agree, I appreciate your comment.”
Kamal Khetan, page 8 of the filed PDF · View the filing
Management said residential construction has started with delivery in three years, and commercial construction will start soon with a 24-30 month completion timeline.
Answered by Kamal Khetan
Asked by Jainam Shah: Status of construction and delivery timeline for 5th Avenue ODC commercial and residential.
p. 9
“So 5th Avenue construction has already started residential. And we are, residential has already started.”
Kamal Khetan, page 9 of the filed PDF · View the filing
Risks flagged
Dubai project launch timing remains uncertain due to the ongoing situation in the market.
p. 6
“So uncertainty is definitely only related to -- we can talk about Dubai because we don't know how long the situation will be there.”
Kamal Khetan, page 6 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.