Sunteck Realty Ltd - Q3FY23 Operational Update

Sunteck Realty Limited has announced key operational updates for Q3 & 9M FY23.

Pre-Sales: The company had pre-sales of ~Rs 396 crores in Q3 FY23, up 12% on YoY basis. The 9M FY23 pre-sales stood at ~Rs 1,066 crores, a growth of 33% on a YoY basis.

Collections: The company had collections of ~ Rs 304 crores in Q3 FY23, up 13% on YoY basis. The 9M FY23, collections stood at ~Rs 920 crores registering a growth of 42% on YoY basis.

Additionally, collections efficiency for 9M FY23 stood at 86% against 81% in 9M FY22.

ESG: The company has been felicitated by EDGE-IFC (World Bank Group) with EDGE Green Building Pre Certification for our 6 projects (4 residential and 2 commercial) namely, Sunteck Beach Residences (SBR), Vasai; 4th Avenue Sunteck City, ODC, Goregaon (W); Sunteck Maxxworld, Naigaon, Sunteck Oneworld, Naigaon, Sunteck Icon, BKC and Sunteck BKC 51, BKC Junction. The company's projects are designed sustainably as next generation buildings, keeping the environment's wellbeing at the center of its mission.

Shares of Sunteck Realty Limited was last trading in BSE at Rs. 363.40 as compared to the previous close of Rs. 377.15. The total number of shares traded during the day was 18261 in over 866 trades.

The stock hit an intraday high of Rs. 375.90 and intraday low of 360.25. The net turnover during the day was Rs. 6782686.00.

Source : Equity Bulls

Keywords

SunteckRealty INE805D01034 OperationalUpdate Q3FY23 9MFY23