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**Financial Performance:** Sunteck Realty reported a remarkable presales growth of 40% in Q3 FY ’25, reaching INR 635 crore, with a cumulative presales figure of INR 1,661 crore for the nine-month period, up 34% year-over-year. Operating revenue soared to INR 162 crore for Q3, a staggering 281% increase compared to INR 42 crore in Q3 FY ’24, primarily due to revenue recognition from key projects. The EBITDA for Q3 stood at INR 48 crore, marking a significant shift from a loss of INR 15 crore last year, resulting in an EBITDA margin of 30%. Net profit turned around to INR 43 crore, compared to a net loss of INR 10 crore in the previous fiscal period.
**Future Outlook and Growth Drivers:** Management expressed confidence in sustaining growth, particularly in the Uber Luxury segment, contributing significantly to sales. The upcoming launches at Sunteck City and other properties are anticipated to yield substantial presales momentum in Q4 FY '25, which is projected to be the company's highest ever.
**Order Book and Operational Updates:** The total Gross Development Value (GDV) of Sunteck now stands at INR 40,225 crore, bolstered by the recent addition of the Nepean Sea project with an estimated GDV of INR 2,400 crore. This robust pipeline is expected to enhance revenue generation.
**Analyst Q&A Insights (Detailed):** Analysts sought clarity on the contributions from the Uber Luxury segment, which totaled approximately INR 422 crore in Q3. Questions about the project's GDV adjustments were answered with insights into area expansions. Concerns regarding collections lagging behind presales were addressed, with expectations for near-term improvements tied to project completions.
**Market or Regulatory Updates:** No significant regulatory changes were mentioned during the call; however, management highlighted an overall positive outlook for luxury real estate driven by robust demand from high-net-worth individuals.
**Strategic Focus Areas:** A clear emphasis on maintaining high EBITDA margins in future project developments, particularly within the Uber Luxury space, indicates a strategic focus on premium offerings.
**Investor Insight:** Given Sunteck Realty's impressive growth metrics, solid pipeline, and management's optimistic outlook for upcoming projects, this performance suggests a favorable position for potential investment considerations.