• The document contains the transcript of Sunteck Realty Limited's Earnings Conference Call for Q1 FY27 Results and Business Updates, held on July 22, 2026.
  • The conference call was moderated and included management participants Mr. Kamal Khetan (Chairman and Managing Director) and Mr. Prashant Chaubey (Chief Financial Officer).
  • The purpose of the call was to discuss Q1 FY27 financial results, provide business updates, and share the company's outlook and guidance.
  • The meeting occurred after the earnings announcement, as referenced by the discussion of published results and investor presentation.
  • The transcript was made available on the company website at https://www.sunteckindia.com/images/investor/financial/1785239246_sunteck-earnings-calltranscript-22nd-july-2026.pdf

Financial Highlights and Business Updates

Operational Performance (Q1 FY27):

  • Presales: INR787 crores (20% YoY growth from INR657 crores in Q1 FY26)
  • Collections: INR409 crores (17% YoY growth from INR351 crores in Q1 FY26)
  • Segment Mix: Uber luxury (29%), Premium luxury (50%), Aspirational luxury (21%)

Financial Performance (Q1 FY27):

  • Operating Revenue: INR191 crores (vs. INR188 crores in Q1 FY26)
  • EBITDA: INR67 crores (40% YoY growth)
  • EBITDA Margin: 35% (expanded by 9.5 percentage points)
  • PAT: INR42 crores (26% YoY growth)
  • PAT Margin: 22% (expanded by 4.2 percentage points)
  • Net Cash Flow Surplus: INR193 crores (79% YoY growth)
  • Business Development/Land Capex: INR170 crores deployed

Balance Sheet and Ratings:

  • Net Debt to Equity: 0.07x (negligible)
  • Credit Rating: AA long-term from India Ratings, Fitch Group

GDV Breakdown:

The company introduced a new GDV classification:

  • Launched GDV: Projects with approvals already launched
  • To-be Launched GDV: Projects under approval process (INR16,100 crores total, including ~INR9,000 crores Dubai project)
  • Upcoming for Launch GDV: Projects in planning/design stage

Dubai Project Update:

  • All regulatory approvals are in place and project is launch-ready
  • Timing recalibrated due to ongoing situation
  • Land parcel located next to Dubai Mall in Burj Khalifa Community Downtown Dubai
  • Investment to date: ~INR200-225 crores
  • No debt on the project
  • Land cost to GDV ratio described as "very healthy"

Sustainability Performance:

  • GRESB Score: 99/100 (Green 5-star rating)
  • S&P Global DJSI ESG Score: 78/100 (vs. benchmark average of 30)

Guidance and Outlook:

  • FY27 Presales Growth Guidance: 25-30% YoY
  • FY27 Collections Growth: Expected to be similar to presales growth (25-30%)
  • Domestic Launch Pipeline (ex-Dubai): ~INR7,100 crores including:
  • ODC additional tower
  • Andheri redevelopment project
  • Sunteck Park Mira Road 2
  • Vasai (1 tower)
  • Naigaon (1-2 towers)

Business Development:

  • Q1 FY27 BD spend of INR170 crores focused on Nepean Sea, Mira Road 2, and redevelopment projects
  • Expect to surpass FY26 BD spend of INR800+ crores in FY27

Project Deliveries (FY27):

  • Significant deliveries expected from Naigaon, Kalyan, and Vasai projects
  • Commercial revenue target of INR450 crores by FY29 from 5th Avenue ODC project

Additional Notes Section

  • The document represents a regulatory filing submitted to NSE and BSE pursuant to Regulations 30 and 46 of SEBI Listing Regulations.
  • The call included a Q&A session with analysts from Motilal Oswal, Axis Capital, Nuvama Wealth Management, and Equirus Securities.
  • The company clarified that the Dubai project should be classified as "approved and ready for launch" rather than "under approval process" in their GDV breakdown.