Date: 24th September, 2026
Financial Performance Highlights
FY2026 marked record performance across all key metrics:
- Pre-sales: ₹3,157 crore, representing 25% growth year-over-year and fifth consecutive year of growth
- Collections: ₹1,433 crore, up 14% year-over-year
- Revenue from operations: ₹1,124 crore, growing 32% year-over-year
- EBITDA: ₹305 crore, with 64% growth and margins expanding by over five percentage points to 27%
- Profit after tax: ₹202 crore, growing 34% at a margin of 18.0%
- Net cash flow surplus: ₹552 crore, up 48% year-over-year, delivering cash flow RoCE of ~20%
- Net debt: ₹266 crore against net worth of ₹4,472 crore, resulting in net debt-to-equity ratio of 0.06x
Portfolio and Business Development
Total Gross Development Value reached ₹41,030 crore in FY2026, more than doubling from ₹19,345 crore in FY2023:
- Portfolio spread across ten micromarkets, three customer segments, and three development models
- Ownership structure: 28% owned outright, 69% under joint ventures and joint development agreements, 3% under redevelopment
- By development stage: ₹7,316 crore already launched, ₹13,625 crore under approval & awaiting launch, ₹20,089 crore in planning and design
Segment-wise GDV breakdown:
- Uber luxury projects: ₹12,975 crore (32% of GDV)
- Premium luxury projects: ₹15,145 crore (37% of GDV)
- Aspirational luxury projects: ₹12,910 crore (31% of GDV)
Business development investment of ₹813 crore in FY2026, representing more than 4x of the prior year's investment.
Annuity Portfolio and Future Outlook
Current annuity portfolio earns ~₹76 crore per year, pre-leased on tenures of 29 years at return on invested capital of about 30%
With 5th Avenue at Sunteck City, Oshiwara District Center (ODC), Goregaon West coming into the fold, lease rental expected to reach ~₹450 crore in the coming 3 years
Credit Rating and Sustainability
India Ratings (Fitch Group) reaffirmed long-term rating at AA, placing Sunteck among the strongest-rated developers in Indian real estate space
GRESB 2025 cycle score: 99 out of 100 with 5-star rating (global benchmark average: 68)
S&P Global Corporate Sustainability Assessment score: 78 out of 100 (industry average: ~30)
EDGE certification from IFC, World Bank across most projects in portfolio
Strategic Priorities
- Convert launched and approval-stage portfolio into pre-sales on schedule
- Accelerate collections in step with construction
- Scale annuity book towards its three-year target
- Add land, joint development and re-development opportunities only where they clear return thresholds
- Protect balance sheet strength
Corporate Governance
The company remains founder-led, professionally managed organization
Chairman acknowledged team for delivering record year while absorbing largest-ever business development programme