Sunteck Realty Results: Latest Quarterly Results & Analysis

Realty company Sunteck Realty announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

• Pre-sales grew to ~Rs 524 crore, up 32.7% YoY.
• Collections grew to ~Rs 267 crore, up 24.8% YoY.
• Revenue from Operations grew to ~Rs 169 crore, up 578% YoY.
• EBITDA grew to ~Rs 37 crore, up 364% YoY.
• Net Income stood at ~Rs 35 crore, up 348% YoY.

H1FY25 Financial Highlights:

• Pre-sales grew to ~Rs 1,026 crore, up 31.2% YoY.
• Collections grew to ~Rs 609 crore, up 21.3% YoY.
• Revenue from Operations grew to ~Rs 485 crore, up 408% YoY.
• EBITDA grew to ~Rs 69 crore, up 418% YoY.
• Net Income grew to ~Rs 57 crore, up 378% YoY.
• Net Operating Cash Flow Surplus of ~Rs 191 crore – a growth of 112% YoY.
• Net Debt to Equity Ratio stands at “Zero” with net cash Surplus of ~Rs 98 crore.

Result PDF

Realty company Sunteck Realty announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

• Pre-sales grew by 26% YoY to Rs 678 crore
• Revenue from Operations grew by 774% YoY to Rs 427 crore
• Core EBITDA grew by 845% YoY to Rs 199 crore
• PAT stood at Rs 101 crore
• Core EBITDA Margin stood at 46%
• Net Profit Margin stood at 24%

FY24 Financial Highlights:

• Highest ever pre-sales in a financial year of Rs 1,915 crore
• Net Debt to Equity Ratio stands at “Zero” & Long-term Credit Rating upgraded from AA- to AA by India Ratings (Fitch)
• Revenue from Operations grew by 56% YoY to Rs 565 crore
• Core EBITDA grew by 63% YoY to Rs 266 crore in FY24 with a 47% margin
• PAT grew by 4934% YoY to Rs 71 crore
• 2 commercial assets “Sunteck Icon” and “Sunteck BKC 51” at BKC Junction leased for a tenure of 29 years

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IT Consulting & Software company Onward Technologies announced Q2FY24 & H1FY24 results:
:
- Strong operational performance with pre-sales growth of 17.2% in Q2FY24 and 16.7% in H1FY24.
- Collections remained strong at approximately Rs 214 crore in Q2FY24 and Rs 502 crore in H1FY24.
- Net debt stands at a strong level of Rs 259 crore, with a net debt-to-equity ratio of 0.09x.
- The company has launched the Sunteck Sky Park project in Mira Road, which has witnessed rapid monetization within a short span of time.
- Sunteck is gearing up to launch projects in Kalyan and Nepean Sea Road.

Result PDF

Sunteck Realty declares Q4FY22 result:

• In Q4 FY22, Revenue from operations stood at Rs 156 cr (Rs 1,559 mn) and Rs 513 cr (Rs 5,131 mn) for FY22
• EBITDA for the quarter stood at Rs 3 cr (Rs 32 mn) and Rs 95 cr (Rs 953 mn) for FY22
• EBITDA margin stood at 19% for FY22
• One of the largest developers in the Western Suburbs of MMR from Bandra to Virar.
• Delivered projects worth > US$ 1 bn (~Rs 8,000 cr) GDV till date.
• Presently have ~50 mn sq ft development portfolio across 19 projects.
• Monetization of upcoming project portfolio to generate ~US$ 3.8 bn (~Rs 28,600 cr) of est. GDV in coming 7-8 years.
• Financial discipline & steadily growing cash flows has enabled to maintain a strong balance sheet over the years.
• Both equity and debt utilized judiciously.

Result PDF

Highlights:

• Pre-sales grows by 54% QoQ & 36% YoY
• Collections grows by 20% QoQ & 47% YoY
• Revenue grows by 47% QoQ & declines by 7% YoY
• EBITDA grows by 77% QoQ & 24% YoY
• PAT grows by 404% QoQ & 35% YoY

Commenting on the Q2 FY22 financial results, Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd. said: “Aggressive sales strategy and strong brand recall has led to success across our various sub-brands and pricing spectrum, enabling us to grow our pre-sales in a strong manner. In addition, we have been focused on augmenting our construction execution across board, which has further complemented our sales momentum as well as collections growth.

Market consolidation in favor of quality and well-funded real estate companies has been an ongoing trend and Sunteck has been a key beneficiary of this trend, continuously expanding its business portfolio with attractive return opportunities. In fact, since the first wave of COVID-19 in 2020, Sunteck has been the largest acquirer of highly value-accretive projects in the MMR - a trend it sustains even today. We have added approx. 23 mn sq ft across 5 projects in Vasai, Vasind, Borivali, Kalyan and Pen. We shall bring in our best-in-class construction and development capabilities and endeavor to create a landmark development in each micro-market.

Going forward, we expect to leverage our brand franchise and management expertise to evaluate new growth opportunities and thereby continue to increase our overall market share.”

Result PDF