Board approves September-quarter results; auditor's review conclusion not modified
Board of Sunteck Realty met on 26 October 2026 and approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 32,081.21 | 25,236.75 | +27.1% | 19,156.28 | +67.5% |
| Total income | 33,382.26 | 26,216.26 | +27.3% | 20,202.95 | +65.2% |
| Profit before tax | 7,663.94 | 6,482.44 | +18.2% | 5,247.90 | +46% |
| Profit after tax | 5,711.36 | 4,896.69 | +16.6% | 4,196.00 | +36.1% |
| Total comprehensive income | 7,694.51 | 6,196.87 | +24.2% | 4,440.82 | +73.3% |
| Basic EPS | 3.96 | 3.34 | +18.6% | 2.88 | +37.5% |
- Total income YoY change
- +27.3%
- Period
- 30 September 2026
Auditor's review
Conclusion: Unmodified
- Emphasis of matter: uncertainty on recoverability of ₹ 1,402.73 lakhs from a partnership firm under dispute (Note 3); share of profit/(loss) 1 Apr 2015 to 6 Oct 2020 not accounted.
- Emphasis of matter: investment in JV PSRPL of ₹ 1,790.23 lakhs; JV's ₹ 1,715.46 lakhs (Group share ₹ 857.73 lakhs) additional lease premium paid to CIDCO under challenge (Note 4).
Notes to the results
- Holding Company issued Commercial Papers, unsecured and listed on BSE, after the quarter ended 30 September 2026; no CPs outstanding at 30 September 2026.
- Holding Company subscribed 10,000 equity shares (₹ 1.00 lakh each) in new wholly owned subsidiaries Eminara Realty, Eminara Lifespace and Eminara Buildcon.
- Holding Company opted for concessional tax regime under Section 115BAA; deferred taxes remeasured and one-time tax impact recognised in the current period.
What the board did
The board of directors met on 26 October 2026 from 6:00 p.m. to 6:30 p.m. and approved the unaudited financial results, standalone and consolidated, for the quarter and half year ended 30 September 2026. The results were reviewed and recommended by the Audit Committee.
Key consolidated numbers (₹ in lakhs)
- Revenue from operations for the quarter: 32,081.21, against 25,236.75 in the same quarter a year earlier.
- Total income for the quarter: 33,382.26, against 26,216.26.
- Profit after tax for the quarter: 5,711.36, against 4,896.69.
- Basic and diluted EPS for the quarter: 3.96, against 3.34.
- For the half year: Total income 53,585.21 and Profit after tax 9,907.36, with basic and diluted EPS of 6.84.
- Ratios for the quarter: operating margin 28%, net profit margin 28%, debt-equity ratio 0.25 times, interest service coverage ratio 4.01 times.
- Balance sheet size: total assets 10,55,773.58; total equity 4,57,060.12.
Other decisions taken
- The company subscribed 10,000 equity shares of face value ₹10 per share, amounting to ₹1.00 lakh, in each of three wholly owned subsidiaries — Eminara Realty Private Limited, Eminara Lifespace Private Limited and Eminara Buildcon Private Limited.
- It exercised the option to adopt the concessional tax regime under Section 115BAA of the Income-tax Act, 1961. Deferred tax assets and liabilities were remeasured at the rates applicable under that regime, and the resulting one-time tax impact is recognised in the tax expense of the current period.
Auditor's review
Walker Chandiok & Co LLP issued its review report on the unaudited consolidated results. The conclusion is not modified — nothing came to the auditor's attention suggesting the statement contained a material misstatement or missed a required disclosure.
Two matters were drawn to attention
- Note 3: other non-current financial assets include ₹1,402.73 lakhs recoverable as at 30 September 2026 from Kanaka & Associates, a partnership firm in which the company was a partner until 6 October 2020. An arbitration award of 4 May 2018 in the company's favour has been challenged before the Bombay High Court. Management holds the balance fully recoverable and has made no impairment provision.
- Note 4: non-current investment in Piramal Sunteck Realty Private Limited (PSRPL), a joint venture, is ₹1,790.23 lakhs. The joint venture's non-current financial assets include ₹1,715.46 lakhs (the Group's share being ₹857.73 lakhs) of additional lease premium paid to CIDCO, the subject of a writ petition pending before the Appellate bench of the Bombay High Court. Management holds the balance fully recoverable and has made no impairment provision.
The auditor noted that the interim financial information of 37 subsidiaries was reviewed by other auditors, and that of these, 3 subsidiaries are located outside India. The auditor's conclusion is not modified on this account.
What it means for a reader
This is the routine quarterly results update — the board's main action was approving the numbers, and the auditor's review carries no qualification. Profit figures and margins are the quantitative points to track. The two balances the auditor highlighted are existing disputed receivables that management continues to carry at full value; they are flagged as a matter of disclosure rather than as a change in the accounts.
Business mix
The Group operates in a single business segment, described as "Construction and Development of Real Estate projects and allied activities", and presently carries out operations primarily in India.
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More numbers
- Total income, consolidated, half year ended 30 Sep 202653,585.21 lakhs
- Profit after tax, consolidated, half year ended 30 Sep 20269,907.36 lakhs
- Receivable from Kanaka & Associates (Note 3)₹ 1,402.73 lakhs
- Receivable relating to Piramal Sunteck Realty Private Limited (Note 4)₹ 1,790.23 lakhs
- Total income, latest quarter33,382.26 (₹ in lakhs)
- Total income, year-ago quarter26,216.26 (₹ in lakhs)
- Total income, previous quarter20,202.95 (₹ in lakhs)
- Total comprehensive income, latest quarter7,694.51 (₹ in lakhs)
- Total comprehensive income, year-ago quarter6,196.87 (₹ in lakhs)
- Total comprehensive income, previous quarter4,440.82 (₹ in lakhs)
- Profit after tax, latest quarter5,711.36 (₹ in lakhs)
- Profit after tax, year-ago quarter4,896.69 (₹ in lakhs)
- Profit after tax, previous quarter4,196.00 (₹ in lakhs)
- Revenue from operations, latest quarter32,081.21 (₹ in lakhs)
- Revenue from operations, year-ago quarter25,236.75 (₹ in lakhs)
- Revenue from operations, previous quarter19,156.28 (₹ in lakhs)
- Profit before tax, latest quarter7,663.94 (₹ in lakhs)
- Profit before tax, year-ago quarter6,482.44 (₹ in lakhs)
- Profit before tax, previous quarter5,247.90 (₹ in lakhs)
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