Sunteck Realty (SUNTECK) Q2 26/27 earnings summary

Executive summary

• H1 FY27 pre-sales rose 19% YoY to INR 1,611 crore; total GDV reached INR 46,880 crore, 2.4x its FY23 level.

• H1 revenue, EBITDA and PAT grew 16%, 23% and 20%, respectively; management cited a 25% CAGR across major operational and financial parameters over five years.

• FY27 pre-sales growth guidance remained 25%, supported by a launch pipeline weighted to H2.

Financial highlights

• Q2 consolidated revenue from operations was ₹32,081.21 lakh, up 27% YoY; EBITDA was INR 89 crore, up 13%, and PAT was ₹5,711.36 lakh, up 17%.

• H1 consolidated revenue from operations was ₹51,237.49 lakh, up 16% YoY; EBITDA was INR 156 crore, up 23%, and PAT was ₹9,907.36 lakh, up 20%.

• H1 pre-sales were INR 1,611 crore, including INR 824 crore in Q2; collections were INR 780 crore, up 14% YoY.

• H1 net operating cash flow surplus was INR 347 crore, up 27% YoY; TTM surplus was INR 630 crore.

• H1 consolidated operating cash flow in the financial statements was negative ₹29,349.66 lakh, reflecting working-capital outflows.

Outlook and guidance

• FY27 launch pipeline was INR 70 billion excluding Dubai, with launches weighted to H2; management maintained 25% full-year pre-sales growth guidance.

• H2 launches span Mira Road, Andheri West, Borivali West, Sunteck City, Sunteck Beach Residences, Sunteck World and Sunteck Crescent Park; combined pipeline is INR 7,000 crore.

• Mira Road launch GDV is estimated at INR 1,200–1,400 crore and Andheri West at INR 1,250–1,500 crore.

• Nepeansea Road is targeted for RERA launch before FY27-end; demolition is underway and approvals are at an advanced stage.

• Annuity income is targeted to reach INR 450 crore by FY29E; commercial portfolio average rental yields are 7–7.5%.