Sunteck Realty Limited - Key Operational Updates for Q4 and FY2022-23

Sunteck Realty Limited has announced key operational updates for Q4 & FY2022-23:

Pre-Sales: We had pre-sales of ~Rs 537 crores in Q4 FY23, up 36% on QoQ basis. Our FY23 presales stood at ~Rs 1,602 crores, a growth of 23% on a YoY basis.

Collections: We had collections of ~ Rs 330 crores in Q4 FY23, up 8% on QoQ basis. Our FY23, collections stood at ~Rs 1,250 crores registering a growth of 19% on YoY basis. Additionally, collections efficiency for FY23 stood at 78%

Lease: We have signed an exclusive lease deal with Upgrad for our premium commercial project Sunteck BKC51 at BKC Junction. The project is set to generate a total revenue of approx. Rs 2000 crores over the entire lease tenure. Upgrad will be paying starting rentals of close to Rs 300 per sq ft. per month on carpet area basis. The total leased out area is approx. 2 lakh sq. ft. on built up area basis. The gross total capital value of the project on ~8% capitalisation rate is estimated at approx. Rs. 550 crores.

ESG: We have been recently awarded three ISO certifications, namely ISO 9001:2015 for the quality management system, ISO 14001:2015 for the environmental management system, and ISO 45001:2018 for occupational health and safety management system. It emphasizes our commitment to continuous advancements in all processes, policies, and communications leading to sustainable growth.

Shares of Sunteck Realty Limited was last trading in BSE at Rs. 297.30 as compared to the previous close of Rs. 298.70. The total number of shares traded during the day was 12760 in over 387 trades.

The stock hit an intraday high of Rs. 300.95 and intraday low of 294.30. The net turnover during the day was Rs. 3767045.00.

Source : Equity Bulls

Keywords

SunteckRealty INE805D01034 OperationalUpdate Q4 FY2023 PreSale Collections