Sunteck Realty's September quarter profit rises 17% as revenue climbs 27%

Sunteck Realty Limited reported a consolidated profit of ₹57.11 crore for the quarter ended 30 September 2026, up about 17% from ₹48.97 crore a year earlier. Revenue from operations rose to ₹320.81 crore from ₹252.37 crore, a gain of about 27%. The board approved the unaudited standalone and consolidated results at a meeting on 26 October 2026.

Profit lagged revenue in the quarter

Revenue grew faster than profit. On our calculation, the net margin for the quarter was about 17.8%, against about 19.4% a year earlier. The company has not separately reported pre-sales for the September quarter, so the sales momentum for the period cannot be read from a single figure.

For the half-year to September, the company's figures show net profit of about ₹99 crore, up 20%, and revenue of about ₹512 crore, up 16%. Pre-sales for April to September rose 19% to ₹1,611 crore. The first-quarter profit of ₹42.27 crore, up 26.45%, and the second-quarter figure add up to the half-year total.

Auditor's emphasis of matter

Walker Chandiok & Co LLP issued a review report on the results. It is an emphasis of matter, not a modified opinion. It draws attention to two receivables: ₹14.03 crore due from a partnership firm now under arbitration, and ₹17.90 crore due from the 50% joint venture Piramal Sunteck Realty over lease premiums paid to CIDCO. Together they come to about ₹31.93 crore, on our calculation.

Both matters are before the Bombay High Court. Management says the amounts are fully recoverable and has, in earlier filings, cited a legal opinion for that view. No hearing dates were found in the sources reviewed. If either matter goes against the company, it could affect liquidity or require a provision in future periods.

Funding, land and guidance

The company reported a net debt to equity ratio of about 0.07 times as of the first quarter. Its board has passed an enabling resolution to raise up to ₹2,250 crore through debt and equity instruments. Of ₹499.99 crore raised through preferential warrants, ₹136.25 crore had been used as of 30 September 2026, and the monitoring agency reported no deviation.

On 5 October 2026, a wholly owned subsidiary acquired about 4.5 acres adjacent to New Link Road in Borivali West, Mumbai. The company disclosed the deal under SEBI Regulation 30 and said it is not a related party transaction. In early October the company's market capitalisation was about ₹4,051 crore, down about 37% over one year. Management has reiterated FY27 growth guidance of 25% to 30% for pre-sales and collections, and has a domestic launch pipeline of about ₹7,000 crore, excluding its Dubai project.

• Earnings call on Q2 and H1 FY27 results: 27 October 2026, 4:00 pm IST.
• Pre-sales and collections against the 25% to 30% FY27 guidance in the next quarterly update.
• Progress on the Bombay High Court matters covering ₹31.93 crore of receivables.
• Start of project planning for the Borivali West land, for which no timeline or launch date has been announced.