Sunteck Realty Shines Bright: Declares ₹1.5 Dividend, Delivers Robust Q4 Growth

Sunteck Realty Ltd declared a final dividend of ₹1.5 per equity share for the year ending March 31, 2025, on a subject-to-shareholders'-approval basis in the near-future Annual General Meeting. This is in the backdrop as Sunteck, a Mumbai-headquartered realty developer, recently announced the financial results of Sunteck and its consolidated operations for the third quarter ended March 31.

 

Operating income for the quarter ended March 2025 stood at ₹206 crore for Sunteck Realty. The company's net profit was ₹50.4 crore, a sharp 50% y-o-y decline due to a soft sales environment and increased expenses. Sequential growth was, however, observed as revenue increased 27.2% and net profit 18.53% over the previous quarter.

 

The Q4 FY25 EBITDA of the company fell by more than 48% year-on-year to ₹93.5 crore, though on a modest 45.4% EBITDA margin. Sunteck Realty also posted its highest-ever quarter pre-sales of ₹870 crore, up 28% year-on-year, and collections of ₹310 crore.

 

As part of a strategic plan to strengthen its balance sheet, the board approved raising up to ₹310 million of non-convertible debentures from PDL Realty. Sunteck Realty had a net cash position of ₹125 crore and net debt-to-equity ratio of zero as of March 31, 2025, with a healthy balance sheet.

 

The company's shares closed on Friday at ₹392.5 on the Bombay Stock Exchange. Sunteck Realty remains focused on luxury residential and commercial real estate with a developed space of 52.5 million square feet across 32 projects.

 

Source: Business Standard