Sunteck Realty Ltd Share Price – NSE  /  BSE

Realty, Small Cap

On QoQ basis, the company's pre-sales declined 25.95% from Rs 678 crore reported in Q4 FY24.

Collections for the first quarter aggregated to Rs 342 crore, up 18.75% YoY and up 15.54% QoQ.

Sunteck Realty (SRL) is engaged in the development of residential and commercial properties. SRL's developmental activities are mainly spread out in the Mumbai Metropolitan Region, along with some development in Tier-II cities such as Jaipur, Nagpur and Goa through completed or forthcoming projects.

The company has reported a net profit of Rs 101 crore in Q4 FY24 as against a net loss of Rs 28 crore in Q4 FY23. Revenue jumped to Rs 427 crore in Q4 March 2024 from Rs 49 crore in Q4 March 2023.

The counter rose 1.97% to ends at Rs 583.15 on Friday, 12 July 2024.

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Sunteck Realty announced that the Board of Directors of the Company at its meeting held on 30 May 2024, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

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Revenue jumped to Rs 427 crore in Q4 March 2024 from Rs 49 crore in Q4 March 2023.

EBITDA for Q4 FY24 was Rs 153 crore with a margin of 36%. The company had recorded a negative EBITDA of Rs 9 crore in the same period last year.

The company’s pre-sales and collections for the fourth quarter of FY24 were Rs 678 crore (up 26% YoY) and Rs 296 crore (down 10% YoY), respectively.

For FY24, Sunteck Realty has reported net profit and revenue of Rs 71 crore and Rs 565 crore, respectively. The real estate developer had recorded a net profit of Rs 1 crore and revenue of Rs 362 crore in FY23.

The board of Sunteck Realty has approved a proposal to raise up to Rs 2,250 crore via issue of equity and debt securities.

The company will raise Rs 1,500 crore through issue of non-convertible debt on a private placement basis in one or more tranches. It will also raise Rs 750 crore by way of equity shares or other securities convertible into equity, post the approval of shareholders.

Sunteck Realty (SRL) is one of India's leading luxury real‐estate developers. The company focuses on a city‐centric development portfolio of about 52.5 million square feet spread across 32 projects.

The scrip shed 0.12% to currently trade at Rs 474.70 on the BSE.

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Net profit of Sunteck Realty reported to Rs 101.34 crore in the quarter ended March 2024 as against net loss of Rs 27.94 crore during the previous quarter ended March 2023. Sales rose 773.52% to Rs 426.89 crore in the quarter ended March 2024 as against Rs 48.87 crore during the previous quarter ended March 2023.

For the full year,net profit rose 4930.50% to Rs 70.93 crore in the year ended March 2024 as against Rs 1.41 crore during the previous year ended March 2023. Sales rose 55.84% to Rs 564.85 crore in the year ended March 2024 as against Rs 362.45 crore during the previous year ended March 2023.

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