Sunteck Realty Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Sunteck Realty Ltd filed with BSE on 28 Apr 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 full year FY26 presales of Rs 3,157 crore, up 25% year-on-year, along with revenue growth of 32%, EBITDA growth of 64% and PAT growth of 34% for the year. Management said net debt to equity stood at 0.06x with a net cash surplus of Rs 552 crore, and business development investment rose to Rs 810 crore from Rs 180 crore a year earlier. The company also outlined portfolio additions of three new projects during the year and discussed the status of its Dubai project amid regional conflict.
Numbers mentioned
Full year presales: INR32 billion (FY26)
p. 3
“our full year presales stood at INR32 billion, registering a robust growth of 25% over FY '25”
Kamal Khetan, page 3 of the filed PDF · View the filing
Revenue growth: 32% year-on-year (FY26)
p. 3
“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”
Kamal Khetan, page 3 of the filed PDF · View the filing
Net cash flow surplus: INR5.5 billion (FY26)
p. 4
“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”
Kamal Khetan, page 4 of the filed PDF · View the filing
Net debt to equity: 0.06x (FY26)
p. 4
“This has enabled us to maintain our net debt to equity at negligible level of 0.06x despite the strong investment in business development”
Kamal Khetan, page 4 of the filed PDF · View the filing
Business development investment: INR8.1 billion (FY26)
p. 4
“We have invested INR8.1 billion in full year of FY '26 compared to INR1.8 billion for full year of FY '25”
Kamal Khetan, page 4 of the filed PDF · View the filing
Total GDV: approximately INR441 billion (FY26)
p. 4
“the total GDV of Sunteck as of FY '26 stands at approximately INR441 billion gross of presales”
Kamal Khetan, page 4 of the filed PDF · View the filing
Q4 presales: INR1,064 crores (Q4 FY26)
p. 4
“we sold INR1,064 crores worth of area in quarter 4 FY '26, a growth of 22%”
Prashant Chaubey, page 4 of the filed PDF · View the filing
Full year presales: INR3,157 crores (FY26)
p. 4
“During the full year, we booked presales of INR3,157 crores, a growth of 25% year-on-year”
Prashant Chaubey, page 4 of the filed PDF · View the filing
Q4 collections: INR432 crores (Q4 FY26)
p. 4
“collections for quarter 4 stood at INR432 crores, a growth of 39%”
Prashant Chaubey, page 4 of the filed PDF · View the filing
Full year collections: INR1,433 crores (FY26)
p. 4
“for the full year, collections stood at INR1,433 crores, a growth of 14%”
Prashant Chaubey, page 4 of the filed PDF · View the filing
Q4 operating revenue: INR339 crores (Q4 FY26)
p. 4
“operating revenue stood at INR339 crores for quarter 4 of FY '26”
Prashant Chaubey, page 4 of the filed PDF · View the filing
Q4 EBITDA: INR97 crores, 29% margin (Q4 FY26)
p. 4
“EBITDA stood at INR97 crores with a margin of 29% and net profit stood at INR63 crores with a net margin of 19%”
Prashant Chaubey, page 4 of the filed PDF · View the filing
Full year operating revenue: INR1,124 crores (FY26)
p. 4
“On the full year basis, operating revenue stood at INR1,124 crores for FY '26”
Prashant Chaubey, page 4 of the filed PDF · View the filing
Full year EBITDA: INR305 crores, 27% margin (FY26)
p. 4
“EBITDA stood strong at INR305 crores with an EBITDA margin of 27% and net profit stood at INR202 crores with a net profit margin of 18%”
Prashant Chaubey, page 4 of the filed PDF · View the filing
ESG score: 78 out of 100 (2025)
p. 4
“In the 2025 Dow Jones Sustainability Index assessment, we achieved an impressive ESG score of 78 out of 100, placing us among the top 3 Indian real estate developers on the global benchmark”
Kamal Khetan, page 4 of the filed PDF · View the filing
Q4 uber luxury and commercial sales: INR609 crores (Q4 FY26)
p. 11
“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”
Kamal Khetan, page 11 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 — similar growth of 25% · FY27
stated firmly by Kamal Khetan
p. 12
“we are very, very confident about our growth of the whatever we have done in the current year, similar growth of 25% in the coming year as well”
Kamal Khetan, page 12 of the filed PDF · View the filing
Blended EBITDA margin — 35% to 40%
stated firmly by Kamal Khetan
p. 7
“blended EBITDA margin, we are looking at minimum 35% to 40%, even in the new acquisitions, we are not worried about coming down below 35%”
Kamal Khetan, page 7 of the filed PDF · View the filing
Dubai project launch — launch as soon as possible
stated conditionally by Kamal Khetan
p. 5
“whenever we see the event settling down. We will be looking forward to launch the project as soon as possible ASAP”
Kamal Khetan, page 5 of the filed PDF · View the filing
Nepeansea Road RERA and construction start — RERA approval and construction start · FY27
stated firmly by Kamal Khetan
p. 10
“We are -- in fact, you will see everything happening maybe in this first two quarter itself coming first two quarters”
Kamal Khetan, page 10 of the filed PDF · View the filing
Andheri JB Nagar ground-breaking — break ground · Q1 or Q2
stated firmly by Kamal Khetan
p. 10
“we are quite confident at least we'll break the ground in Q1 or maximum Q2 itself at Andheri, JB Nagar”
Kamal Khetan, page 10 of the filed PDF · View the filing
New launches GDV — INR6,000 crores to INR7,000 crores · next 12 months
stated firmly by Kamal Khetan
p. 6
“it can be close to INR6,000 crores to INR7,000 crores of GDV”
Kamal Khetan, page 6 of the filed PDF · View the filing
Margins on recently signed projects — 30%, 35% margins
stated firmly by Kamal Khetan
p. 7
“So recently signed project, you can say, 30%, 35% margins and blended will be close to 35% to 40%”
Kamal Khetan, page 7 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 and will be launched once the geopolitical situation settles, with no debt on the project.
Answered by Kamal Khetan
Asked by Kunal Lakhan: Update on Dubai project launch timeline given Middle East tensions.
p. 5
“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”
Kamal Khetan, page 5 of the filed PDF · View the filing
Management said BD investment would continue aggressively without compromising IRR and equity multiples.
Answered by Kamal Khetan
Asked by Kunal Lakhan: Whether business development spend of Rs 800 crore will grow further in FY27.
p. 5
“we will be investing aggressively. But at the same time we are very, very clear that our profitability and IRRs are not compromised”
Kamal Khetan, page 5 of the filed PDF · View the filing
Management agreed collections as a percentage of sales would improve and expected strong cash flow in FY27 and FY28.
Answered by Kamal Khetan
Asked by Kunal Lakhan: Whether collections growth (14%) lagging sales growth (25%) implies a cash flow jump in FY27.
p. 6
“FY '27 and FY '28 you will see a very, very strong cash flow. That's why we're very, very bullish and optimistic about our acquisition strategy”
Kamal Khetan, page 6 of the filed PDF · View the filing
Management listed several upcoming launches including redevelopment at Andheri, new towers in Mira Road and Vasai, and a new phase in Naigaon, with combined GDV of roughly Rs 6,000-7,000 crore.
Answered by Prashant Chaubey
Asked by Pritesh Sheth: What launches are expected in FY27 apart from Dubai, and what is their combined GDV?
p. 6
“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”
Prashant Chaubey, page 6 of the filed PDF · View the filing
Management said blended EBITDA margin is expected at 35-40% and recently signed projects at 30-35%.
Answered by Kamal Khetan
Asked by Pritesh Sheth: What are the expected margins on recently acquired projects and blended margin on FY26 presales?
p. 7
“So blended EBITDA margin, we are looking at minimum 35% to 40%, even in the new acquisitions, we are not worried about coming down below 35%”
Kamal Khetan, page 7 of the filed PDF · View the filing
Management said prices should remain stable rather than rise significantly, with demand continuing in uber luxury and premium segments and improving in aspirational luxury.
Answered by Kamal Khetan
Asked by Puneet: Is there pricing upside in the Mumbai market or should growth be flattish?
p. 7
“I think stable price in this atmosphere or this current situation should be good enough”
Kamal Khetan, page 7 of the filed PDF · View the filing
Management said footfalls dropped 5-10% but conversion ratios remained similar, and this was not a major concern.
Answered by Kamal Khetan
Asked by Puneet: Has there been a slowdown in footfalls or conversions due to the war?
p. 8
“Footfalls, I can say definitely must have dropped by 5%, 10% for sure. But I think conversion ratios are similar”
Kamal Khetan, page 8 of the filed PDF · View the filing
Management said there was some labour shortage due to elections and some finished-goods price increases, but no major supply chain issue for core materials.
Answered by Kamal Khetan
Asked by Puneet: Is there a shortage of material or labour currently?
p. 11
“there is absolutely no shortage in terms of cement or steel or RMC or the stand or a break or those kind of things”
Kamal Khetan, page 11 of the filed PDF · View the filing
Management said Sunteck One World in Naigaon is expected for delivery along with ready inventory revenue recognition.
Answered by Prashant Chaubey
Asked by Rishith Shah: What deliveries/completions are targeted for FY27?
p. 9
“we are looking at our project at Sunteck One World in Naigaon. So that project will come up for delivery”
Prashant Chaubey, page 9 of the filed PDF · View the filing
Management said they are confident of sustaining similar growth momentum with improving margins going forward.
Answered by Kamal Khetan
Asked by Rishith Shah: Any guidance for FY27 presales?
p. 9
“we remain very confident of sustaining similar growth, I can say. So whatever we have done right now, growth -- in terms of growth percentage, we will maintain that momentum very easily in coming years”
Kamal Khetan, page 9 of the filed PDF · View the filing
Management said yes, they are confident of maintaining growth irrespective of the Dubai launch.
Answered by Kamal Khetan
Asked by Abhinav Sinha: Do you expect similar growth even excluding Dubai?
p. 10
“100% confident that irrespective of Dubai launch happening or not happening, we are seeing a similar growth”
Kamal Khetan, page 10 of the filed PDF · View the filing
Management detailed the original AED70 million investment and additional AED60 million invested in the current year for launch readiness.
Answered by Prashant Chaubey
Asked by Puneet: How much has Sunteck invested in Dubai so far?
p. 12
“We have invested approximately AED60 million”
Prashant Chaubey, page 12 of the filed PDF · View the filing
Management attributed continued demand to end-user activity in uber luxury and premium segments, plus recovering aspirational luxury demand.
Answered by Kamal Khetan
Asked by Akash Gupta: What is driving strong real estate demand expectations for FY27 despite industry slowdown concerns?
p. 12
“what we are seeing is wherever we are doing, it's obviously an end user demand”
Kamal Khetan, page 12 of the filed PDF · View the filing
Management said there is no discounting and business is proceeding as usual.
Answered by Kamal Khetan
Asked by Akash Gupta: Are discounts or aggressive payment plans being used to induce demand?
p. 13
“There is absolutely no discount. If there is a discount then I would not be able to give a better margin coming year for sure”
Kamal Khetan, page 13 of the filed PDF · View the filing
Risks flagged
Middle East conflict affecting Dubai project launch timing
p. 5
“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.”
Kamal Khetan, page 5 of the filed PDF · View the filing
Reduced footfalls due to geopolitical uncertainty
p. 8
“Footfalls, I can say definitely must have dropped by 5%, 10% for sure”
Kamal Khetan, page 8 of the filed PDF · View the filing
Labour shortage due to elections
p. 8
“Yes, definitely there is some shortage, but that I feel is more because of the like West Bengal elections, all these elections”
Kamal Khetan, page 8 of the filed PDF · View the filing
Price increases in import-dependent finished goods
p. 8
“Maybe in some finished goods, there is the prices increase like in tiles and all some of the goods which are import dependent, which are maximum imports are happening”
Kamal Khetan, page 8 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.