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On the flip side, shares of Mumbai-based Oberoi Realty are down over 5% on Tuesday, snapping a two-day gaining streak.
Both these real estate developers are reacting to their respective December quarter results.
Sunteck Realty shares are advancing after the company reported a net profit of ₹42.7 crore, in comparison to a net loss of ₹9.7 crore during the same quarter last year.
The company’s revenue also grew by nearly 4x from the previous year to ₹161.7 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at a positive ₹48.4 crore, compared to a loss of ₹15 crore in the year-ago quarter.
In its business update shared earlier, the company’s pre-sales grew by 40% from last year to ₹635 crore, while collections also remained strong at ₹336 crore. The company also continues to remain zero net debt at the end of the December quarter.
Oberoi Realty, for the December quarter, reported a 34% jump in its topline for the December quarter, while its net profit increased by 71%.
Pre-sales for the residential business had increased by 144% from last year, aided by the Thane project launch.
Higher commercial earnings contributed to the company’s EBITDA margin surging to 60% from 48% last year.
Shares of Sunteck Realty have underperformed those of Oberoi Realty over the last 12 months. While the former has gained 10% before today’s session, Oberoi Realty shares had gained over 40%.
On the valuation front, Oberoi Realty trades at 23.5 times financial year 2026 price-to-earnings, while Sunteck Realty trades at 20 times.
Shares of Oberoi Realty are down to the day’s low, currently trading 6.5% lower at ₹1,871.9. Shares of Sunteck Realty are trading 7.3% higher at ₹528.65.
