Q2 2025 Sunteck Realty Ltd Earnings Call Transcript
Key Points
- Sunteck Realty Ltd (BOM:512179) reported a strong growth in presales, with a 33% increase in Q2 and a 31% increase in H1 FY25.
- The company achieved a significant increase in net operating cash flow surplus, doubling it to INR191 crore in H1 FY25.
- Sunteck Realty Ltd's net cash surplus stands at nearly INR100 crore, indicating a strong balance sheet.
- The company has launched new phases in its projects, including Sunteck UltraWorld at Naigaon and a new tower at Sunteck City ODC Goregaon West, with positive market responses.
- Sunteck Realty Ltd received the prestigious sector leader award in the 2024 GRESB Real Estate Assessment for sustainability efforts.
- Collections for luxury projects were lower than expected, with only INR128 crore collected from INR271 crore in sales.
- The company faces uncertainties regarding approvals for its Borivali project due to changes in government policies.
- There is a delay in the launch of the Dubai project, with expectations to launch before FY26.
- The Mumbai market is experiencing stable pricing, which may limit potential price increases in the near term.
- The company is awaiting clarity on SDZ policy for its Borivali project, which could delay its launch timeline.
Ladies and gentlemen, good day and welcome to the Sunteck Realty's earnings conference call for Q2 and H1 FY25.
We have with us today Mr. Kamal Khetan, the Chairman and Managing Director of the company; Mr. Prashant Chaubey, the Chief Financial Officer; and Mr. Abhishek Shukla, the Vice President of Strategy and Investor Relation.
Please note this call will be for 30 minutes. (Operator Instructions)
This conference call is being recorded and the transcript for the same may be put up on the website of the company. (Operator Instructions)
Before I hand the conference over to the management, I would like to remind you that certain statements made during the course of this call may not be based on historical information or facts and may be forward-looking statements including those related to business statements, plans and strategies of the company, its future financial condition and growth prospect. These forward-looking statements are based on expectations and projections and may involve a number of risks and uncertainties and other factors that could cause actual
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