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.
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 crore.
For 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.
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 crore.
For 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 may also like
New pooch-themed show pops up outside National Portrait Gallery
Liverpool 'hold Rodrygo transfer talks' and could go back for Anthony Gordon
Child dies in Minehead bus crash as Keir Starmer and MP Rachel Gilmour pay tribute
Love Island fans reel as Harry and Emma openly 'expose villa game plan'
I thought cops were trying to beat me to death, Manchester Airport 'attacker' tells court
