Sunteck Realty's Q3FY22 collections up 30% QoQ, 41% YoY to Rs. 270 crores

Sunteck Realty Limited has announced key operational updates for Q3 FY22 and 9M FY22.

Pre-Sales: We had pre-sales of Rs ~352 crores in Q3 FY22, up 29% on QoQ basis and Rs ~800 crores in 9M FY22, up 23% on YoY basis.

Collections: Collections were Rs ~270 crores in Q3 FY22, up 30% on QoQ basis and Rs ~649 crores in 9M FY22, up 41% on YoY basis.

Additionally, collections efficiency for the 9MFY22 stood at 81%, up from 71% in 9MFY21.

Business Development: In the last 18 months, we have acquired ~23 million sq ft of development potential across five projects at Vasai West, Vasind, Borivali West, Kalyan (Shahad) and Pen-Khopoli, totaling to an estimated Gross Development Value (GDV) of Rs ~20,000 crores.

In the forthcoming quarters, driven by new acquisitions, the company has a slew of project launches lined-up both in the premium and aspirational residential segments. These launches will lead to continued growth momentum in the pre-sales of the company and thereby, grow our market share.

Shares of Sunteck Realty Limited was last trading in BSE at Rs. 512.10 as compared to the previous close of Rs. 515.85. The total number of shares traded during the day was 50706 in over 2408 trades.

The stock hit an intraday high of Rs. 524.20 and intraday low of 507.95. The net turnover during the day was Rs. 26219435.00.

Source : Equity Bulls

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SunteckRealty INE805D01034 RealEstate BusinessUpdate OperationalUpdate Collections