Sunteck Realty H1FY27 net profit rises 20% to Rs 99 crore on 16% revenue growth
· Business · Economic Times, Business Standard
Sunteck Realty reported a net profit of Rs 99 crore in the first half of FY27, a 20% year-on-year increase, while revenue grew 16% to Rs 512 crore. Pre-sales rose 19% to Rs 1,611 crore during April-September, reflecting sustained demand for properties. The Mumbai-based developer invested Rs 391 crore in business development, acquiring land in Borivali (West) through an outright purchase. Cash collections increased 12% to Rs 371 crore in the September quarter and 14% to Rs 780 crore in the first half. Operating margin improved to 30% from 29% a year ago, with EBITDA margin at 28%.
Why it matters
The results demonstrate Sunteck Realty's sustained financial strength and growing property demand in Mumbai, reinforcing investor confidence in the city's real estate sector ahead of upcoming project launches.
Read the original report — Economic Times
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