Sunteck Realty (SUNTECK) Q3 24/25 earnings summary

Executive summary

• Achieved 40% pre-sales growth in Q3 FY25, with nine-month pre-sales at INR 1,661 crores, the highest ever, and Q3 FY25 revenue of INR 162 crores, up 281% YoY.

• Uber Luxury segment, including BKC and Nepean Sea Road projects, drove strong sales and high EBITDA margins, with Q3 FY25 Uber Luxury pre-sales at INR 422 crores.

• Added Nepean Sea Road project two, increasing total GDV for the project to INR 5,400 crores and company-wide GDV to INR 40,225 crores, with ~50 mn sq ft acquired.

• Net operating cash flow surplus of INR 312 crores and net cash surplus of INR 61 crores as of nine months FY25; net debt to equity at zero.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2024 were approved and released.

Financial highlights

• Q3 FY25 pre-sales reached INR 635 crores, up 40% year-over-year; nine-month FY25 pre-sales grew 34% to INR 1,661 crores.

• Q3 FY25 collections were INR 336 crores; nine-month collections at INR 945 crores.

• Q3 FY25 operating revenue rose 281% year-over-year to INR 162 crores; nine-month revenue up 369% to INR 647 crores.

• Q3 FY25 EBITDA at INR 48 crores (up 426% YoY), margin at 30%; net profit INR 43 crores (up 537% YoY).

• Consolidated net profit for the quarter was INR 4,252.06 lakhs, compared to a loss of INR 972.88 lakhs in the same quarter last year.

Outlook and guidance

• Q4 FY25 expected to be the best-ever quarter for pre-sales, driven by new launches and strong momentum.

• Confident of 25%-30% pre-sales growth in FY26, with multiple launches planned across key projects and Dubai project targeted for FY26.

• Focused on expanding annuity income portfolio, targeting INR 300 crores+ rental and capital value creation of INR 5,000 crores.

• Joint investment platform with IFC-World Bank Group of up to INR 750 crores to develop 4-6 green housing projects in MMR.