Sunteck Realty share price skyrockets over 10% as company swings back to black in Q3

In the early trade, the stock rose as much as 10.16% to ₹542.8 apiece on the National Stock Exchange (NSE). At 9:47 am, it was up 6.56% to ₹525 per share.

Sunteck Realty reports net profit of ₹42.52 crore

Sunteck Realty posted a consolidated net profit of ₹42.52 crore in the latest October-December quarter, compared to a net loss of ₹9.72 crore in the corresponding period last fiscal.

Revenue from operations increased 281.1% to ₹161.75 crore in the quarter under review as against ₹42.44 crore in the year-ago period.

The real estate developer's presales grew to ₹635 crore in Q3 FY25, up 40% from ₹455 crore in the third quarter of FY24.

In the quarter, the company added 'Nepean Sea Project-2', which has a gross development value (GDV) of ₹2,400 crore. The total GDV of the Nepean Sea Project is ₹5,400 crore.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Q3 FY25 stood at ₹48 crore, compared to ₹15 cr in the year-ago quarter, marking a growth of 426%.

Collections stood at ₹336 crore in the reporting quarter as against ₹438 crore in the same quarter last fiscal.

For the first nine months of FY25, the profit after tax grew 429% to ₹99.9 crore as against ₹30 crore for 9M FY24.

The company's net debt-to-equity ratio stands at 'zero' with a net cash surplus of ₹61 crore. It has a net operating cash flow surplus of ₹312 crore as of 9M FY25.

The company has differentiated its projects under six brands ‐ 'Signature' offering uber luxury residences, 'Signia' presenting Ultra luxury residences, 'Sunteck City' & 'Sunteck Park' offering premium luxury residences, 'Sunteck Beach Residences' introducing marquee luxury destinations, 'Sunteck World' for aspirational luxury residences and 'Sunteck' for commercial and retail developments.