Sunteck Realty Q1 pre-sales jump 31% to Rs657cr

Sunteck Realty reported Q1 FY26 pre-sales of Rs657 crore, up 31% year-on-year, with collections at Rs351 crore. EBITDA grew 52% to Rs48 crore and net income rose 47% to Rs33 crore.

The company was selected as preferred developer for a residential project in Andheri, Mumbai, on 2.5 acres with development potential of 275,000 square feet and estimated gross development value of Rs11 billion.

Sunteck maintains a net debt to equity ratio of 0.02x and Fitch reaffirmed its 'IND AA/Stable' credit rating.