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Sunteck Realty Ltd Q1FY22 consolidated net profit at Rs. 3.02 crore
Posted On : 2021-07-30 22:58:37( TIMEZONE : IST )
SUNTECK REALTY LTD. has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.96.11 crores during the period ended June 30, 2021 as compared to Rs.194.67 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.3.02 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.10.40 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.0.22 for the period ended June 30, 2021 as compared to Rs.0.74 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 96.11 crs | ₹ 194.67 crs |  -50.63% |
| Net Profit | ₹ 3.02 crs | ₹ 10.40 crs | -70.96% |
| EPS | ₹ 0.22 | ₹ 0.74 | -70.27% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.96.11 crores during the period ended June 30, 2021 as compared to Rs.63.20 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.3.02 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(3.08) crores for the period ended June 30, 2020.
The company has reported EPS of Rs.0.22 for the period ended June 30, 2021 as compared to Rs.(0.22) for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 96.11 crs | ₹ 63.20 crs |  52.07% |
| Net Profit | ₹ 3.02 crs | ₹ (3.08) crs | 198.05% |
| EPS | ₹ 0.22 | ₹ (0.22) | 200% |
Commenting on the Q1 FY22 operational performance, Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd. said: "In this transformational environment, we remain focused on execution of our existing portfolio - reflected in construction and collection progress of our various projects. We continue to maintain our balance sheet strength, complimented by prudent cash flow management.
Presently, we are witnessing strong consolidation across the industry and we will be one of the biggest beneficiaries of this trend. The industry consolidation has already resulted in 3 new project acquisitions for us at Vasai, Vasind and Borivali in MMR. Going forward, we expect to leverage our brand franchise and management expertise to continue to evaluate new growth opportunities and thereby increasing our overall market share.
A key to our strong operational performance is being a dominant developer in each of the micromarkets and housing segments we are operating. Additionally, the focus on our core strength of sales & marketing and in-house construction capabilities will enable us to sustain this strong pre-sales and collections trend going forward."
Shares of SUNTECK REALTY LTD. was last trading in BSE at Rs. 381.35 as compared to the previous close of Rs. 394.85. The total number of shares traded during the day was 121546 in over 8511 trades.
The stock hit an intraday high of Rs. 406.05 and intraday low of 369.05. The net turnover during the day was Rs. 48146697.
