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Informist, Saturday, Oct. 24, 2026

 

By Vidhi Thacker

 

MUMBAI – Sunteck Realty Ltd. is expected to report a strong on-year growth in its net profit and revenue for the September quarter. Healthy pre-sales and resilient demand for residential properties are expected to drive this growth. Demand in the urban luxury and premium luxury segments are expected to support the company's pre-sales, according to brokerages tracking the company.

 

The Mumbai-based real estate company is expected to report a consolidated net profit of INR 553.80 million for the September quarter, according to the average of estimates from five brokerages. This will be up 13.1% on year and up 31% sequentially. The highest estimate for the company's net profit is INR 608 million from Nuvama Wealth Management Ltd. while the lowest is INR 510 million from Kotak Securities Ltd. The company had reported a net profit of INR 490 million in the year-ago quarter. 

 

Sunteck Realty's September quarter revenue is expected to rise 17% on year and 55% sequentially to INR 2.96 billion, according to the average of estimates. The highest estimate for the company's revenue is INR 3.50 billion from Motilal Oswal Financial Services Ltd. and the lowest is INR 2.61 billion from Nuvama Wealth. The company had reported revenues of INR 2.52 billon in the year-ago quarter.

 

The company's pre-sales are expected to be driven mainly by sustenance sales. These are supported by the company's project at Mira Road in Mumbai and at its premium projects in the Bandra Kurla Complex and at Nepean Sea Road, also in Mumbai, and other ongoing projects, according to Prabhudas Lilladher Pvt. Ltd. A strong launch pipeline also backs these pre-sales, including tower additions in Mira Road and Andheri.

 

Sunteck Realty is expected to report earnings before interest, tax, depreciation, and amortisation of INR 845 million for the September quarter, up 8% on year from INR 780 million in the year-ago quarter, according to the average of estimates. The highest estimate for the company's EBITDA is INR 1.02 billion from Motilal Oswal and the lowest is INR 682 million from Kotak Securities.

 

For the realty sector, residential demand is expected to be strong with sales improving sequentially, supported by demand in premium housing, Equirus Securities Pvt. Ltd. said. Meanwhile, demand for affordable housing remains low, the brokerage said. For the sector as a while, pre-sales are expected to be healthy. This momentum is aided by sustenance sales, launches, and steady collections.

 

Sunteck Realty Ltd. is a real estate developer focused on developing premium residential and commercial properties across the Mumbai Metropolitan Region. The company will detail its September quarter earnings Monday. Investors will monitor the company's new launch pipeline. Friday, shares of the company ended over 4% lower at INR 270.60 apiece on the National Stock Exchange. The stock is down 7% since the company reported its June quarter earnings.

 

All the five research reports on the company available with Informist have a "buy" recommendation on the stock with an average target price of INR 516.20, which is 91% higher than its closing price Friday.

 

Following are earnings estimates for Sunteck Realty for the September quarter from five brokerages in descending order of the estimate for net profit, in INR million:

 

Brokerages	Net Sales	Net Profit	EBITDA
Nuvama Wealth Management Ltd.	2,612	608	786
Motilal Oswal Financial Services Ltd.	3,495	571	1,019
Equirus Securities Pvt. Ltd.	2,989	544	892
Prabhudas Lilladher Pvt. Ltd.	3,000	536	845
Kotak Securities Ltd.	2,720	510	682
Average	2,963.20	553.80	844.80

 

End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Megha Rawat

 

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